Santa Cruz, CA 95060,328 Ocean Street
$3,000,000
Est. payment /mo
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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


Bay East Association of Realtors

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Max Manatt

Max Manatt

Agent | License ID: 01957416

+1(925) 980-3375

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328 Ocean Street