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.
Sold for $4,175,000
Zillow last checked:
Listing updated:
Bought with:
Sean Poudrier, 01932326
Coldwell Banker Realty
John Skillicorn, 01875872
Coldwell Banker Realty
Source: MLSListings Inc,MLS#: ML81958891
Price history
| Date | Event | Price |
|---|---|---|
| 7/31/2024 | Sold | $4,175,000-7.2%$705/sqft |
Source:  MLSListings Inc #ML81958891 Report a problem | ||
| 5/14/2024 | Contingent | $4,500,000$760/sqft |
Source: MLSListings Inc #ML81958891 Report a problem | ||
| 5/9/2024 | Price change | $4,500,000-7.2%$760/sqft |
Source: MLSListings Inc #ML81958891 Report a problem | ||
| 3/25/2024 | Listed for sale | $4,850,000$819/sqft |
Source: MLSListings Inc #ML81958891 Report a problem | ||
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Estimated market value
$2,796,000
