Sold for $2,325,000

$2,325,000

Riverside Santacruz, Santa Cruz, CA 95060

2beds

1baths

4,070sqft

Five Or More Units, Residential Income

Built in 1976

-- sqft lot

$2,318,300 Zestimate^®

$571/sqft

$2,898 Estimated rent

Home value

$2,318,300

$2.02M - $2.67M

$2,898/mo

Zestimate^® history

Owner options

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$2,898/mo

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$2,898/mo

Rent Zestimate^®

Refinance and save

$14,466/mo

Est. payment

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$14,466/mo

Est. payment

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What's special

You'll be proud to own this incredible Santa Cruz investment property.Long time owner will consider financing w 30 %+ down payment at UNDER MARKET 5% interest rate.Very well built/maintained 5 plex,close to vibrant downtown,UCSC-convienent for students,beaches on quiet one way street surrounded by period Victorians.Units are town home style with private fenced yards and patios,separate wtr heaters and more. Ample off-street parking-2/unit. Current rents are competitive but should allow income growth and upside potential for next owner. Income represents 2022 reported from property manager-showing property potential. Current annualized 2024 rent roll $176,400. Expenses from 2023 P/L from PM.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 2
Bathrooms: 1

Kitchen

Features: ExhaustFan

Heating

Electric

Cooling

None

Appliances

Included: Exhaust Fan, Electric Oven/Range
Laundry: Coin Operated

Features

Flooring: Carpet, Vinyl Linoleum

Interior area

Total structure area: 4,070
Total interior livable area: 4,070 sqft

Property

Parking

Total spaces: 5
Parking features: Carport, Covered, Off Street
Has carport: Yes

Accessibility

Accessibility features: Parking

Lot

Size: 8,145 sqft

Details

Parcel number: 00530140
Zoning: RM
Special conditions: Standard

Construction

Type & style

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

Materials

Foundation: Concrete Perimeter and Slab
Roof: Composition

Condition

Year built: 1976

Utilities & green energy

Gas: IndividualGasMeters, 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

Price history

Date	Event	Price
11/27/2024	Sold	$2,325,000-5.1%$571/sqft
Source: MLSListings Inc #ML81972858 Report a problem
9/24/2024	Contingent	$2,450,000$602/sqft
Source: MLSListings Inc #ML81972858 Report a problem
9/15/2024	Price change	$2,450,000-5.2%$602/sqft
Source: MLSListings Inc #ML81972858 Report a problem
7/11/2024	Listed for sale	$2,585,000$635/sqft
Source: MLSListings Inc #ML81972858 Report a problem