Santa Cruz, CA 95060,321 2nd ST
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Santa Cruz, CA 95060,321 2nd ST
Santa Cruz, CA 95060,321 2nd ST
Santa Cruz, CA 95060,321 2nd ST
Santa Cruz, CA 95060,321 2nd ST

$4,175,000

Est. payment /mo

$4,500,000

7.2%
Est.Price: ?

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321 2nd ST Santa Cruz, CA 95060

0.25 Acres Lot

SOLD DATE : 07/31/2024

Key Details

Sold Price $4,175,000

Property Type Commercial

Listing Status Sold

Purchase Type For Sale

MLS Listing ID ML81958891

Sold Date 07/31/24

HOA Y/N No

Year Built 1946

Lot Size 0.253 Acres

Property Description

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.

Location

State CA

County Santa Cruz

Area 699 - Not Defined

Zoning Apt 11-20 Units

Interior

Heating Electric

Cooling None

Fireplace No

Exterior

Carport Spaces 4

Roof Type Bitumen,Flat

Total Parking Spaces 8

Building

Water Public

Schools

School District Other

Others

Tax ID 00721304000

Financing Seller Financing

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by John Skillicorn • Coldwell Banker Realty
Bought with Sean Poudrier • Coldwell Banker Realty

Tari Haberfield

Agent | SCKELLWILL01918524

+1(805) 234-6882

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