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$ 1,999,999
Est. payment | /mo
2,685 SqFt
$ 1,999,999
Est. payment | /mo
2,685 SqFt
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 2,685 sqft
Price per Sqft $744
MLS Listing ID ML82036301
HOA Y/N No
Year Built 1980
Lot Size 6,186 Sqft
Property Sub-Type Other
Property Description
7+ CAP Investment Opportunity! CAP rate above 7 is uncommon for multi-unit properties in Santa Cruz. Fully leased five-unit income property in prime Santa Cruz location. Property consists of a 2-bedroom main home, two detached studios (including a Jr. ADU), and two detached 2-bedroom/1-bath ADUs. All units are currently occupied, providing stable in-place rental income. Conveniently located near Highway 1, Santa Cruz Beach Boardwalk, UCSC, downtown Santa Cruz, and restaurants. Great opportunity for investors seeking a multi-unit investment property in an ideal location.
Location
State CA
County Santa Cruz
Interior
Heating Electric
Cooling None
Fireplace No
Building
Sewer Public Sewer
Water Public
New Construction No
Others
Tax ID 00823118000

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Listed by Shawki Farhat • Raeid Farhat Real Estate Inc
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