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321 2nd Street

Santa Cruz, CA 95060
  • $4,500,000
  • STATUS: Active Under Contract
  • ON SITE: 89 Days
  • ID#: ML81958891
Under Contract
UPDATED: 67 min ago
$4,500,000
  • 0
    BEDS
  • 0.25
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1946
County:

School Ratings & Info

School District:
Listing Agent(s): John Skillicorn of Coldwell Banker Realty ((831) 688-6461) and Sean Poudrier of Coldwell Banker Realty((831) 688-6461)


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.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2024-06-23T08:31:31.143. 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 deemed reliable but is not guaranteed accurate by the MLS or Berkshire Hathaway HomeServices California Properties. Licensed in the State of California, USA.
www.kevinhillre.com/homes/148895541
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321 2nd Street Santa Cruz, CA 95060

  • Price: $4,500,000
  • Status: Active Under Contract
  • On Site: 89 Days
  • Updated: 67 min ago
  • ID#: ML81958891
0
Beds
0
Baths
0
½ Baths
0.25
Acres
1946
Built
Neighborhood:
699 - Not Defined
County:
Santa Cruz
Area:
699 - Not Defined
School District:
Other
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.
Exterior Features

Carport Spaces 4 Carport YN Yes Parking Total 8 Roof BitumenFlat

Interior Features

Cooling None Cooling YN Yes Heating Electric Heating YN Yes

Property Features

Association Fee 0 Gross Scheduled Income 0 Insurance Expense 0 Listing Agreement Exclusive Right To Sell Maintenance Expense 0 Other Expense 0 Special Listing Conditions Standard Tax Annual Amount 0 Trash Expense 0 Water Source Public Zoning Apt 11-20 Units



Based on information from California Regional Multiple Listing Service, Inc. as of 2024-06-23T08:31:31.143. 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 deemed reliable but is not guaranteed accurate by the MLS or Berkshire Hathaway HomeServices California Properties. Licensed in the State of California, USA.
 
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Berkshire Hathaway HomeServices California Properties
25909 Pala Dr, Suite 100
Mission Viejo CA, 92691
Listing Agent(s): John Skillicorn of Coldwell Banker Realty ((831) 688-6461) and Sean Poudrier of Coldwell Banker Realty((831) 688-6461)