Coast Road, Santa Cruz
$4,000,000MLS® # ML81927692
The Dreyfus Group Golden Gate Sotheby's International Realty
321 2nd Street, Santa Cruz
$4,850,000
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0 Bed
0 Bath
¼ Acre
0 Garage
"Prime Investment Opportunity". This 12-unit apartment building has been in the same family for over 40 years. Currently the tenants have month to month leases with rents well below the current market rates. There are 11 one-bedroom apartments and 1 studio apartment, private patio decks, many with ocean views including one with a roof top deck with views of the entire bay. Exterior has been freshly painted and a new roof installed in 2023. Close to all amenities including walking distance to the Santa Cruz Boardwalk, beach, wharf, and restaurants. Offering a lucrative opportunity with a possible Pro Forma of 6.4%+ CAP Rate.
Essential Information
- MLS® #
- ML81958891
- Price
- $4,850,000
- Bathrooms
- 0.00
- Acres
- 0.25
- Year Built
- 1946
- Type
- Commercial Sale
- Status
- Active
Community Information
- Address
- 321 2nd Street
- Area
- 699 - Not Defined
- City
- Santa Cruz
- County
- Santa Cruz
- Zip Code
- 95060
- Senior Community
- N
Amenities
- Parking Spaces
- 8
Interior
- Heating
- Electric
- Cooling
- None
Exterior
- Roof
- Flat, Bitumen
School Information
- District
- Other
Additional Information
- Date Listed
- March 25th, 2024
- Days on Market
- 39
- Zoning
- Apt 11-20 Units
Listing Details
- Agent
- John Skillicorn
- Office
- Coldwell Banker Realty
LISTING MAP
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Buyer's Agent
Listing Agent
John Skillicorn - Coldwell Banker RealtyBased on information from California Regional Multiple Listing Service, Inc. as of May 3rd, 2024 at 12:46pm 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.