124 1st St, Santa Cruz, CA 95060

$4,500,000
3,620
SqFt
List Price
$4,500,000
MLS#
ML81754020
Status
ACTIVE
Sqft. of Residence
3,620
Lot Size
6,882
Listing Area
West Santa Cruz
Year Built
1925

Property Description

This offering includes 2 parcels: 007-213-08 & 007-213-09 @ 124-206 1st St, Santa Cruz. Sandcastle Apartments offers an investor the rare opportunity to own a piece of Beach Hill, an always-in-demand area. Built in 1925, Sandcastle Apartments features much of the original charm & architecture, offering the distinguishing investor the opportunity to acquire a 12-unit property in a historically strong rental market. Gated community includes 8-studio, 3-1 bed/1 bath, & 1-2 bed/1 bath apartments that offer residents natural light & breathtaking ocean views. Recent improvements to the community include a laundry care center with SMART machines, an inviting ocean view rooftop sundeck with firepit and lounge furniture, BBQ, new exterior doors, exterior paint, landscaping, and locking mailboxes. Renovated units feature new appliances, lighting and ceiling fans, hardware, woodgrain LVT, new miniblind window coverings and interior paint. Minutes from the boardwalk, wharf & downtown area.

Additional Information

Acres
0.158
Age
94
Building Name
Sandcastle Apartments
Cooling System
None
Floor Covering
Vinyl / Linoleum
Foundation
Crawl Space
Garage Parking
On Street, Parking Restrictions
Heating System
Gas
Laundry Facilities
Coin Operated
Living Area
3,620
Lot Size
6,882
Neighborhood
West Santa Cruz
Other Utilities
Public Utilities
Roof
Composition
Sewer
Sewer Connected
Special Features
None
Unincorporated Yn
Yes
View
Ocean View
Zoning
N/A

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Eduardo Cerna from Eduardo Cerna, Broker

board logoBased on information from MLSListings MLS as of 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.


Copyright 2019 MLSListings Inc. All rights reserved