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$ 1,799,999
Est. payment | /mo
5,052 Sqft Lot
$ 1,799,999
Est. payment | /mo
5,052 Sqft Lot
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID ML82063618
HOA Y/N No
Year Built 1960
Annual Tax Amount $22,668
Lot Size 5,052 Sqft
Property Description
Exceptionally well-maintained 5-unit multi-family property perfectly positioned in the vibrant heart of Santa Cruz. This clean, turnkey asset combines steady historical performance with a rare value-add opportunity, making it a standout acquisition. Significant Upside Potential. Currently low, below-market rents that provide a clear runway for an astute investor to boost cash flow. Offered at under $360k per door, this property represents a remarkably cost-effective entry into the highly competitive Santa Cruz Market. Historically low vacancy, anchored by perennially high tenant demand in the local rental market. Situated just blocks from vibrant Downtown Santa Cruz, residents enjoy effortless access to trendy local eateries, boutique shopping, coffee shops, and local entertainment. An ideal spot for students, with seamless transit options and routes heading directly to the UCSC campus. A short drive or bike ride to the world-famous Santa Cruz Beach Boardwalk, the wharf, and iconic local surf spots. Exceptional positioning close to major regional transit arteries, including Highway 1 and Highway 17, ensuring effortless travel over the hill or down the coast.
Location
State CA
County Santa Cruz
Area 699 - Not Defined
Zoning R
Interior
Heating Wall Furnace
Cooling None
Fireplace No
Exterior
Roof Type Composition
Total Parking Spaces 4
Building
Water Public
Schools
School District Other
Others
Tax ID 00507121000
Special Listing Condition Standard
Listed by Shawki Farhat Raeid Farhat Real Estate Inc #02225210
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