321 2nd Street, SANTA CRUZ, CA 95060 (MLS # ML81958891)

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PRICE $4,500,000 dsIDX morgage calculator
BEDS 0
BATHS 0
HOME SIZE 5,920 sqft
LOT SIZE 11,021 sqft

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.

LAST UPDATED 5/14/2024 YEAR BUILT 1946
COUNTY Santa Cruz STATUS Pending
PROPERTY TYPE(S) Multi Family

PRICE HISTORY
Prior to May 9, '24 $4,850,000
May 9, '24 - Today $4,500,000


ADDITIONAL DETAILS
BUYER'S BROKERAGE COMPENSATION 2.00
HEAT Electric
LOT 0.253 acre(s)
LOT DIMENSIONS 11021.00
PARKING No Garage, Off Street
SEWER Public Sewer
VIEW Yes
VIEW DESCRIPTION Ocean
WATER Public
ZONING Apt 11-20 Units
MORTGAGE CALCULATOR
   

TOTAL MONTHLY PAYMENT

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*Estimate only
Listed by John Skillicorn | 831-818-1540, Coldwell Banker Realty

The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the MLSListings™ MLS system. All real estate listings in the MLSListings MLS system are marked with the MLSListings Internet Data Exchange icon (a stylized house inside a circle), and detailed information about them includes the names of the listing brokers and listing agents.

 

Based on information from MLSListings MLS as of 5/20/24 4:21 AM PDT. 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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This IDX solution is (c) Diverse Solutions 2024.


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