Sold for $4,175,000

$4,175,000

2nd Santacruz, Santa Cruz, CA 95060

1beds

2baths

5,920sqft

Five Or More Units, Residential Income

Built in 1946

-- sqft lot

$2,706,400 Zestimate^®

$705/sqft

$2,682 Estimated rent

Home value

$2,706,400

$2.06M - $3.57M

$2,682/mo

Zestimate^® history

Owner options

List your home for rent

$2,682/mo

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$2,682/mo

Rent Zestimate^®

Refinance and save

$25,977/mo

Est. payment

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$25,977/mo

Est. payment

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What's special

Ocean viewsPrivate patio decksRoof top deck

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.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 1
Bathrooms: 2

Heating

Electric

Cooling

None

Appliances

Laundry: Coin Operated

Features

Flooring: Carpet, Vinyl Linoleum

Interior area

Total structure area: 5,920
Total interior livable area: 5,920 sqft

Property

Parking

Total spaces: 8
Parking features: Carport, Common, Covered, Lighted, No Garage, Off Street
Has carport: Yes

Accessibility

Accessibility features: Bathroom Features, Accessible Kitchen

Lot

Size: 0.25 Acres

Details

Parcel number: 00721304000
Zoning: Apt 11-20 Units
Special conditions: Standard

Construction

Type & style

Home type: MultiFamily
Property subtype: Five Or More Units, Residential Income

Materials

Foundation: Concrete Perimeter, Crawl Space
Roof: Flat, Bitumen

Condition

Year built: 1946

Utilities & green energy

Gas: PublicUtilities
Sewer: Public Sewer
Water: Public
Utilities for property: Public Utilities, Water Public

Community & neighborhood

Location

Region: Santa Cruz

Other

Other facts

Listing agreement: ExclusiveRightToSell
Listing terms: CashorConventionalLoan

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