Fantastic 4-Plex in Beach Hill. This is a wonderful multi-family investment opportunity in a prime beach neighborhood. Building has value add and upside rent potential, including a scheduled rent increase for Jan 2026. Unit #1 is intentionally left vacant, giving buyers the unique opportunity to tour a unit without any tenant coordination. The other three units are fully rented making this property both easy-to-view and an income-generating investment. 3 of the units are 2BD, 1BA and one unit is 1BD, 1BA. Parking area and small storage area for each unit and coin-op laundry. Walk to downtown Santa Cruz, The Boardwalk, and wharf, plus access to some of the best beaches in Santa Cruz County. Easy access to commute routes and UCSC. Great location to enjoy all that Santa Cruz has to offer!
Sold for $1,425,000
$1,425,000
509 Leibrandt Ave, Santa Cruz, CA 95060
7beds
4baths
2,964sqft
Quadruplex, Residential Income
Built in 1965
-- sqft lot
$1,397,000 Zestimate®
$481/sqft
$4,548 Estimated rent
Home value
$1,397,000
$1.24M - $1.56M
$4,548/mo
Zestimate® history
Owner options
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$4,548/mo
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$4,548/mo
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$9,051/mo
Est. payment
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$9,051/mo
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List your homeWhat's special
Prime beach neighborhoodParking areaCoin-op laundry
Zillow last checked:
Listing updated:
Listed by:
Amy Kroeger 02161640 831-204-1455,
Christie's International Real Estate Sereno 831-460-1100,
Terri Mayall 01085181 831-818-3361,
Christie's International Real Estate Sereno
Bought with:
Phoebe Benet, 02135797
eXp Realty of California Inc
Source: MLSListings Inc,MLS#: ML82024779
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 7
- Bathrooms: 4
Heating
- Other
Cooling
- None
Appliances
- Laundry: Coin Operated
Features
- Doors: Other
Interior area
- Total structure area: 2,964
- Total interior livable area: 2,964 sqft
Property
Parking
- Total spaces: 3
- Parking features: Assigned, Parking Area
- Carport spaces: 3
Accessibility
- Accessibility features: Other
Features
- Stories: 2
Lot
- Size: 3,746 Square Feet
Details
- Parcel number: 00710213000
- Zoning: Multi-Family Residential
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex, Residential Income
Materials
- Foundation: Concrete Perimeter and Slab
- Roof: Other
Condition
- Year built: 1965
Utilities & green energy
- Gas: PublicUtilities
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Public Utilities, Water Public
Community & HOA
Location
- Region: Santa Cruz
Financial & listing details
- Price per square foot: $481/sqft
- Tax assessed value: $1,701,054
- Annual tax amount: $20,137
- Date on market: 10/14/2025
- Listing agreement: ExclusiveRightToSell
- Inclusions: Other, OvenRangeAllUnits
- Lease term: Month To Month
Price history
| Date | Event | Price |
|---|---|---|
| 1/12/2026 | Sold | $1,425,000-10.2%$481/sqft |
Source:  MLSListings Inc #ML82024779 Report a problem | ||
| 12/29/2025 | Pending sale | $1,587,000$535/sqft |
Source: MLSListings Inc #ML82024779 Report a problem | ||
| 12/13/2025 | Contingent | $1,587,000$535/sqft |
Source: MLSListings Inc #ML82024779 Report a problem | ||
| 12/3/2025 | Price change | $1,587,000-5.3%$535/sqft |
Source: MLSListings Inc #ML82024779 Report a problem | ||
| 10/14/2025 | Listed for sale | $1,675,000+2.4%$565/sqft |
Source: MLSListings Inc #ML82024779 Report a problem | ||
| 1/3/2023 | Sold | $1,635,000+0.4%$552/sqft |
Source: Public Record Report a problem | ||
| 11/11/2022 | Listed for sale | $1,629,000+126.3%$550/sqft |
Source:  MLSListings Inc #ML81912329 Report a problem | ||
| 3/15/2001 | Sold | $720,000$243/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $20,137 +64.6% | $1,701,054 +59.9% |
| 2024 | $12,230 +1.2% | $1,063,663 +2% |
| 2023 | $12,084 +1.1% | $1,042,807 +2% |
| 2022 | $11,950 +2.1% | $1,022,360 +2% |
| 2021 | $11,704 +0.8% | $1,002,313 +1% |
| 2020 | $11,613 +2.2% | $992,036 +2% |
| 2019 | $11,366 +1.1% | $972,584 +2% |
| 2018 | $11,239 +1.3% | $953,514 +2% |
| 2017 | $11,096 +7.6% | $934,816 +3.9% |
| 2016 | $10,313 +8% | $900,099 +6% |
| 2015 | $9,549 +10.3% | $849,150 -4.1% |
| 2014 | $8,657 | $885,038 +2.5% |
| 2012 | -- | $863,763 +2% |
| 2011 | -- | $846,826 +0.8% |
| 2010 | -- | $840,497 -0.2% |
| 2009 | -- | $842,494 +2% |
| 2008 | -- | $825,975 +2% |
| 2007 | -- | $809,780 +2% |
| 2006 | -- | $793,902 +2% |
| 2005 | -- | $778,335 +2% |
| 2004 | -- | $763,073 +1.9% |
| 2003 | -- | $749,088 +2% |
| 2002 | -- | $734,400 +105.9% |
| 2001 | -- | $356,715 +2% |
| 2000 | -- | $349,720 |
Find assessor info on the county website
Neighborhood: 95060
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Nearby schools
GreatSchools rating
- 8/10Bay View Elementary SchoolGrades: K-5Distance: 1.1 mi
- 9/10Mission Hill Middle SchoolGrades: 6-8Distance: 1 mi
- 10/10Santa Cruz High SchoolGrades: 9-12Distance: 0.7 mi
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Estimated market value
$1,397,000
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$1,397,000
- California
- Santa Cruz County
- Santa Cruz
- 95060
- 509 Leibrandt Ave
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