$4,175,000
$4,500,000
7.2%For more information regarding the value of a property, please contact us for a free consultation.
321 2nd ST Santa Cruz, CA 95060
5,920 SqFt
Key Details
Sold Price $4,175,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
Square Footage 5,920 sqft
Price per Sqft $705
MLS Listing ID ML81958891
Sold Date 07/31/24
HOA Y/N No
Year Built 1946
Lot Size 0.253 Acres
Acres 0.253
Property Description
Property is located in the Economic Opportunity Zone. 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. Current rents are below market rates with huge upside potential. 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. Owner willing to carry.
Location
State CA
County Santa Cruz
Area 699 - Not Defined
Zoning Apt 11-20 Units
Interior
Heating Electric
Cooling None
Fireplace No
Exterior
Carport Spaces 4
Roof Type Bitumen,Flat
Total Parking Spaces 8
Building
Water Public
Schools
School District Other
Others
Tax ID 00721304000
Financing Seller Financing
Special Listing Condition Standard
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Bought with Sean Poudrier • Coldwell Banker Realty
GUIDE SoCal
Broker | License ID: DRE#01976964