$3,000,000
Est. payment /mo
6,047 SqFt
New
328 Ocean Street Santa Cruz, CA 95060
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Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 6,047 sqft
Price per Sqft $496
MLS Listing ID ML82030413
HOA Y/N No
Year Built 1977
Lot Size 0.317 Acres
Property Sub-Type Other
Source Datashare MLSListings
Property Description
Currently at 6.4 cap rate, 100% occupied. Good rental and income history with some room for reasonable rent increases. The 13 apartments sit on two parcels with over 13,808.52 sq. ft. with seventeen marked parking spacesl. Located on a major bus line, close to Santa Cruz Beach Boardwalk, Municipal Wharf and the downtown village of Santa Cruz. One (1) mile to Highway 17 and CA Highway 1 (PCH). These two (2) parcels could possibly be redeveloped to increase height and number of units. Parcel one APN 010-551-29 is 7,797.24 sq. ft. Parcel two APN 010-551-30 is 6,011 sq. ft.
Location
State CA
County Santa Cruz
Interior
Heating Other
Cooling None
Fireplace No
Exterior
Handicap Access Other

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