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18,580 ft²
Multifamily
$8,696,000
Sale


Paul Burrowes
Paul Burrowes
David Lyng Real Estate

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Opportunity to own 10 units in Scotts Valleys newest community of 19 solar powered homes with an urban flair and sleek design. Loaded with builder upgrades and boasting clean modern lines, the Terrace homes are Eco-friendly reducing environmental impact while providing energy savings to homebuyers. Quartz islands and countertops, high end stainless appliances, vinyl plank flooring, individual heating/cooling for every room, fenced patios. Terrace homes are light and bright with great views of the surrounding hills. PERFECT COMMUTE LOCATION: just 25 minutes to Silicon Valley and 10 minutes to Santa Cruz beaches. Top rated schools and great Walk Score. Proximity to both the Redwoods and Monterey Bay allows a lifestyle that is perfect for outdoor enthusiasts. Stop by and check out our model home!!! Two buildings of 5 units are available. Total property consists of 4 buildings, Phase 1 has two 5 units building and will be completed in 2019, Phase 2 has two buildings, a 4-unit build and a 5-unit building. Bulk pricing for two 5 unit buildings (Building 300 units 10-14 and building 400-units 15-19) is not included above. Buildings can be purchase independently.


The Space
Asking Price$8,696,000
Available Space18,580 ft²
Property UseInvestment property
Year Built2019

The Building - The Terrace at Scotts Valley

INCLUDED BUILDER UPGRADES We include the following upgrades in all our homes: • Quartz countertops in kitchen and baths • Engineered hardwood/L.V.P. (Luxury Vinyl Plank) plank floors in entry, living, dining and kitchen • Heated tile floors in master bath and guest bath • “Frameless” 3/8" glass shower enclosure in master bath • Pre-wired for wall mount TV in living room • Upgraded appliance package including: • Verona electric oven/range - handmade in Italy • Bosch stainless steel dishwasher • Kohler single bowl, enameled cast iron kitchen sink • Kohler restaurant style kitchen • Kohler sinks, faucets and toilets in all bathrooms • Ultra high efficiency mini split heating and cooling system with individual thermostats. ENERGY SAVING FEATURES Living in an efficient, ECO-friendly home is not just beneficial to our planet, it is beneficial to the homebuyers' bank account as well.... Included in all Terrace homes: • Photovoltaic solar electric system 2,880 W • CALGreen Compliant energy-efficient homes • Dual glazed, argon filled Low E Milgard vinyl windows • Meets California Title 24 Building Energy Efficiency Standards • ENERGY STAR rated Hybrid Electric Water Heater • High efficiency LED lighting • Efficient Kohler faucets, shower heads and toilets reduce water usage • Engineered wood products conserve resource • Garages pre-wired for electric vehicle chargers • Ductless HVAC mini-split systems are efficient • Heated bathroom floors! LOCATION - Near the Largest Concentration of High-Tech Companies in the United States! Nestled in the redwood forests, yet minutes from the beach, lies a thriving community that enjoys a booming high tech industry, excellent schools, and lovely residential neighborhoods. It is a juxtaposition of these and many other qualities that make Scotts Valley a unique place to live and work. Scotts Valley is unrivaled in its ability to balance industry and community, education and experience, and improvement and beauty. Perhaps it’s the dichotomy of vastly changing landscapes and diverging views, or maybe it’s the way local businesses support and foster a lucrative yet tranquil way of life. Whatever the reason, it is clear that Scotts Valley provides an optimal environment for its residents to thrive in their work and in their lives. Walk Score – 77. Scotts Valley is situated in northern Santa Cruz County, just a short distance from Monterey Bay and nestled in the redwoods of the upland of the Santa Cruz Mountains. It is approximately six miles north of Santa Cruz, 30 miles southwest of San Jose, and 68 miles south of San Francisco. Climate: Scotts Valley’s climate is characteristic of mountainous coastal terrain. Summer is mild with occasional cool, foggy mornings and an average daily temperature ranging in the 60’s to 80’s. Autumn is typically warm with little rainfall. Winter brings necessary rain but is otherwise relatively mild with temperatures ranging from the 30s to 60s. Spring means gradually warming temperatures with occasional moderate rainfall. Annual average temperature is 68 degrees, and average annual rainfall is 41.18 inches. Commuting & Drive Time to Silicon Valley • To Google - 1600 Amphitheatre Parkway, Mountain View. Driving Distance: 32.7 mi , Duration: 37 mins, Route: CA-17 N and CA-85 N • To Apple Computer - 1 Apple Parkway, Cupertino. Driving Distance: 27.1 mi , Duration: 31 mins, Route: CA-17 N and I280 N • To Netflix - 100 Winchester Cir, Los Gatos. Driving Distance: 17.6 mi , Duration: 24 mins, Route: CA-17 N • To Facebook - Facebook Way, Menlo Park. Driving Distance: 40.3 mi , Duration: 44 mins, Route: CA-17 N and CA-85 N • To Yahoo - 721 1st Ave, Sunnyvale. Driving Distance: 32.7 mi , Duration: 40 mins, Route: CA-17 N and CA-85 N Many Silicon Valley Companies send Wi-Fi buses to the Scotts Valley Station for a round trip to work. The mass transit system for the Santa Cruz County, Metropolitan Transit District (METRO) recently purchased 3 full-sized 40-foot CNG fixed-route buses and 15 ParaCruz vehicles, including 12 standard vans and three larger vehicles. QUALITY OF LIFE - Scotts Valley Statistics • Scotts Valley covers 4.6 square miles • Elevation is 527 feet at Scotts Valley – 1808 feet at the summit of the Santa Cruz Mountains • Incorporated: 1966 • Population 11,903 • Number of Jobs: 4,966 • Number of Employers: 706 Median household income is 63% higher than California. High school graduation is 19% higher than California. Median home value is 60% higher than California. Average summer temperature is 61°. Crime Rate: Scotts Valley, CA to other cities in the state and across the country, Scotts Valley, CA is 74% safer than other cities of California. Total crimes are 25% lower than California. Top 14 city in California! Scotts Valley Award Winning Public Schools - Scotts Valley Unified (District) California School Ratings • Scotts Valley High CSR rank: 10 • Scotts Valley Middle CSR rank: 9 • Vine Hill Elementary CSR rank: 8 Excellence in our schools helps Scotts Valley stand out: It boosts property values, ensures a bright future for our kids, and keeps Scotts Valley the kind of community we all want to live in! BUILDING & SITE PROFILE Property The Terrace at Scotts Valley City Scotts Valley, CA 95066 Address Thomas Terrace Units 19 Single-Family Attached Year Built 2019-2020 Lot Size ± 2.6 Acres Buildings sf ± 35,150 # of Stories 3 # of Buildings 4 Phase 1 Lots 10-19 Phase 2 Lots 1-9 Unit Size 1858 sf per unit Parking inside 19 single-car garages Parking outside 39 surface spaces HOA monthly $179

Property TypeMultifamily
Floors3
Building Size18,580 ft²
Lot Size2.00 AC
Year Built2019
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Paul Burrowes
Paul Burrowes
David Lyng Real Estate
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