Offered at an attractive 6% cap rate with a proven track record of performance,100% occupied for the past 25 years. This 13-unit apartment property delivers excellent rental history with potential upside through reasonable rent increases. The apartments span two parcels totaling 13,808.52 sq. ft. and include 17 marked parking spaces.… Read More Ideally located on a major bus line and just minutes to the Santa Cruz Beach Boardwalk, Municipal Wharf, and downtown Santa Cruz. Convenient access with approximately one mile to Hwy 17 and Hwy 1 (PCH). Additional value may exist through future redevelopment potential, with the possibility to increase height and unit count (buyer to verify). Parcel 1: APN 010-551-29 - 7,797.24 sq. ft. Parcel 2: APN 010-551-30 - 6,011 sq. ft. Read Less
Courtesy of Coldwell Banker Realty, Paul Zech 831-247-3007
Listing Snapshot
Days Online
51
Last Updated
Property Type
Five Or More Units
Square Ft.
6,047
Lot Size
0.32 Acres
Year Built
1977
MLS Number
ML82030413
30 Days Snapshot Of 95060
$1.60M
+57%
(avg) sold price
19
+111%
homes sold
50
-12%
(avg) days on market
Snapshot
Area Map
Additional Details
Lot
Max Area: 13808.00, Max Area Units: Square Feet, Lot is 0.31698806244261 acres
Accessibility Features
Other
Building
6,047 structure square feet, Age: 49, Built in 1977, 3 buildings, 13 minimum units in complex
The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the MLSListingsTM MLS system. Real estate listings held by brokerage firms other than the office represented by this website are marked with the Internet Data Exchange icon (a stylized house inside a circle) and detailed information about them includes the names of the listing brokers and listing agents. The broker providing this data believes the data to be correct, but advises interested parties to confirm all information before relying on it for a purchase decision. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listings last updated on .
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