Offered at an attractive 6% cap rate with a proven track record of performance,100% occupied for the past 25 years. This 13-unit apartment property delivers excellent rental history with potential upside through reasonable rent increases. The apartments span two parcels totaling 13,808.52 sq. ft. and include 17 marked parking spaces.… Read More Ideally located on a major bus line and just minutes to the Santa Cruz Beach Boardwalk, Municipal Wharf, and downtown Santa Cruz. Convenient access with approximately one mile to Hwy 17 and Hwy 1 (PCH). Additional value may exist through future redevelopment potential, with the possibility to increase height and unit count (buyer to verify). Parcel 1: APN 010-551-29 - 7,797.24 sq. ft. Parcel 2: APN 010-551-30 - 6,011 sq. ft. Read Less
Property listed by Coldwell Banker Realty, Paul Zech 831-688-6461
Listing Snapshot
Days Online
8
Last Updated
Square Ft.
6,047
Lot Size
0.32 Acres
Year Built
1977
MLS Number
ML82030413
Additional Details
Building
Built in 1977, 3 buildings
Cooling
None
Expenses
Insurance: $15,650, Maintenance: $300, Trash: $37,000, Other Expense: $100
Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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