50 5th AVE, Santa Cruz, CA 95062
- $3,607,500
- 3,518
- SqFt
- Sold Price
- $3,607,500
- List Price
- $3,750,000
- Closing Date
- Jun 30, 2021
- MLS#
- ML81835913
- Status
- SOLD
- Property Type
- com
- Sqft. of Residence
- 3,518
- Lot Size
- 4,922
- Listing Area
- Live Oak
- Year Built
- 1961
Property Description
A rare opportunity to own a 7-unit apartment building with an unbelievable penthouse owners unit, with views of both lighthouses and the entire bay, just 3 properties from the Beach! This location, makes for a great investment property with high demand, updated units, plenty of off-street parking, amazing views and steps to some of the areas best restaurants, coffee, sailing, fishing, paddle boarding, volleyball on twin lakes beach. The owners unit, features its own private rooftop deck, with views from UCSC to Monterey and the Yacht Harbor. Custom walnut cabinets, high-end appliances and hardwood floors making it the perfect weekend getaway, home office, or rent it out for top dollar. 6 of the 7 units have ocean views. Most of the additional 1-bedroom units have been tastefully updated and well maintained with great rental history. There is a separate laundry room with coin op laundry and individual electric meters.
Additional Information
- Acres
- 0.11
- Age
- 60
- Cooling System
- None
- Floor Covering
- Hardwood, Tile, Vinyl / Linoleum
- Foundation
- Concrete Perimeter and Slab
- Garage Parking
- Off-Street Parking
- Heating System
- Wall Furnace
- Living Area
- 3,518
- Lot Size
- 4,922
- Neighborhood
- Live Oak
- Other Utilities
- Public Utilities
- Roof
- Composition
- Sewer
- None
- Special Features
- None
- Unincorporated Yn
- Yes
- View
- Bay View, Hills, Marina View, Ocean View
- Zoning
- R-1-3.5
Mortgage Calculator
Listing courtesy of Marvin Christie from Anderson Christie, Inc.. 831-406-1031
Selling Office: SGP.
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