236 Ocean Street, Santa Cruz

$1,900,000

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0 Bed
0 Bath
.23 Acre
0 Garage

These two parcels have significant development opportunities. This property is a prime investment opportunity because of the possible many uses and its zoning the City of Santa Cruz has shared with the seller. The location allows for no required parking on site. There are two parcels. One is 6,409 Sq Ft, and the other is 3,444 Sq Ft. Total approx. 9,853 Sq Ft. The current income is strong, and there is additional space inside and outside to generate more. Development insights provided by Santa Cruz City Planning & Zoning Dept. states Currently a minimum of 6 units would be permitted , two stories tall, quite possibly more units and height increase subject buyers plans. City also declares the site does qualify for low income housing and in that case, developer could possibly go to 5 stories tall and there is no maximum number of units. The seller and agents do not warranty what is written, and buyer due diligence is recommended.

Essential Information

MLS® #
ML81957963
Price
$1,900,000
Bathrooms
0.00
Acres
0.23
Type
Land
Status
Active

Community Information

Address
236 Ocean Street
Area
699 - Not Defined
City
Santa Cruz
County
Santa Cruz
Zip Code
95060
Senior Community
N

Exterior

Lot Description
Level

School Information

District
Other

Additional Information

Date Listed
March 18th, 2024
Days on Market
46
Zoning
CN

Listing Details

Agent
Paul Zech
Office
Coldwell Banker Realty

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Based on information from California Regional Multiple Listing Service, Inc. as of May 3rd, 2024 at 1:30pm PDT. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.