Active
321 2nd ST
SANTA CRUZ CA, 95060
$4,850,000
$819.26 per sqft
Active
5,920 sqft
Multi-family
Built in 1946
Listed by Coldwell Banker Realty, John Skillicorn, Sean Poudrier Listing Contact: 8318181540
"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.
ML81958891
MLSⓇ ID
March 27, 2024
Updated
Map
321 2nd ST
SANTA CRUZ CA, 95060
Interior Features
Fireplace
No
Cooling
No
Heating
Yes
Heating Description
Electric
Exterior/Building Features
Lot Size
0.25 Acres
Sewer
Public Sewer
School Information
School District
840
Other Property Details
Area Name
West Santa Cruz
Garage
No
Parking
No Garage, Off Street
Parking Total
8
View
Yes
View Description
Ocean
County
Santa Cruz
Water Source
Public
Pool
No
Zoning
Apt 11-20 Units
Buyer Agency Compensation
2%
Listed by Coldwell Banker Realty, John Skillicorn, Sean Poudrier
Listing Contact: 8318181540
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Data last updated 8:38 PM UTC, 3/27/2024