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$ 11,470,000
Est. payment | /mo
0.64 Acres Lot
$ 11,470,000
Est. payment | /mo
0.64 Acres Lot
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID ML82032603
HOA Y/N No
Year Built 1948
Annual Tax Amount $124,966
Lot Size 0.636 Acres
Property Description
This garden-style complex features 31 units across 8 buildings, with a mix of 1- and 2-bedroom,1-bath units, and studios. The property offers excellent walkability and bike ability, situated in close proximity to area beaches, East Cliff Drive, Santa Cruz Harbor, and Pleasure Point. The owners have recently completed renovations, including repair work, roofing, landscaping, and flooring between turnovers. This presents an ideal opportunity for an owner/user or an investor to acquire a well-located apartment property with income upside potential through unit renovations and allowable rent increases. The property is a short distance from the Santa Cruz Beach Boardwalk, Santa Cruz Wharf, and the renowned Cowells Beach surf spot. It also includes coin-operated laundry on-site and offers great upside potential with the new downtown Santa Cruz renovation and redevelopment projects currently underway.
Location
State CA
County Santa Cruz
Area 699 - Not Defined
Zoning VA
Interior
Heating Forced Air, Floor Furnace, Wall Furnace
Fireplace No
Exterior
Carport Spaces 8
Roof Type Composition
Total Parking Spaces 25
Building
Lot Description Corners Marked, Level
Water Public
Schools
School District Other
Others
Tax ID 02816413000
Security Features Security Lights
Special Listing Condition Standard
Virtual Tour https://youtu.be/v4sTYg-bXrU?si=0zM3V-hrqTmTfufR
Listed by Anton Lazarenko eXp Realty of Northern California, Inc. #02177813
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