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Listed by Yamina Wu • Compass
$2,250,000
Est. payment /mo
3 Beds
3 Baths
3,136 SqFt
Open 5/7 10:30AM-2PM
317 Ocean ST Santa Cruz, CA 95060
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OPEN HOUSE
Wed May 07, 10:30am - 2:00pm
UPDATED:
Key Details
Property Type Commercial
Sub Type Five or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 3,136 sqft
Price per Sqft $717
MLS Listing ID ML82002407
Bedrooms 3
Full Baths 3
Year Built 1908
Lot Size 7,275 Sqft
Property Sub-Type Five or More Units
Property Description
Great opportunity to own an income property with walking distance Santa Cruz Beach Boardwalk and Santa Cruz downtown. UCSC is also just a bus ride or bike ride away. 7 units, an on-site laundry room and 9 parking spots. The property has 2 buildings bring steady cash flows $14,000+ monthly with cap rate of 5.2%. The property is mixed with one of 2 bedrooms 1 bathroom, five of 1 bedroom and 1 bathroom, one studio, and one finished attic used by the owner. The property is well maintained and kept upgrading with a new solar, a newer roof, and a newer asphalt parking area, and several units were recently remodeled.
Location
State CA
County Santa Cruz
Area East Santa Cruz
Zoning Multiple family
Interior
Heating Wall Furnace
Cooling Window / Wall Unit
Exterior
Parking Features Assigned Spaces, Parking Area
Utilities Available Public Utilities, Solar
Roof Type Other
Building
Foundation Crawl Space
Sewer Sewer - Public
Water Public
Others
Restrictions Age - No Restrictions
Tax ID 007-403-17-00
Security Features Other
Special Listing Condition Not Applicable
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