321 2nd ST, Santa Cruz, CA 95060
- $4,850,000
- 5,920
- SqFt
- List Price
- $4,850,000
- MLS#
- ML81958891
- Status
- ACTIVE
- Property Type
- com
- Sqft. of Residence
- 5,920
- Lot Size
- 11,021
- Listing Area
- West Santa Cruz
- Year Built
- 1946
Property Description
"Prime Investment Opportunity". This 12-unit apartment building has been in the same family for over 40 years. Currently the tenants have month to month leases with rents well below the current market rates. There are 11 one-bedroom apartments and 1 studio apartment, private patio decks, many with ocean views including one with a roof top deck with views of the entire bay. Exterior has been freshly painted and a new roof installed in 2023. Close to all amenities including walking distance to the Santa Cruz Boardwalk, beach, wharf, and restaurants. Offering a lucrative opportunity with a possible Pro Forma of 6.4%+ CAP Rate.
Additional Information
- Acres
- 0.25
- Age
- 78
- Building Name
- Anchor Apartments Of Santa Cruz
- Cooling System
- None
- Floor Covering
- Carpet, Vinyl / Linoleum
- Foundation
- Concrete Perimeter, Crawl Space
- Garage Parking
- Carport, Common Parking Area, Covered Parking, Lighted Parking Area, No Garage, Off-Street Parking
- Heating System
- Electric
- Laundry Facilities
- Coin Operated
- Living Area
- 5,920
- Lot Description
- Views
- Lot Size
- 11,021
- Neighborhood
- West Santa Cruz
- Other Rooms
- Laundry Room, Other
- Other Utilities
- Public Utilities
- Roof
- Bitumen, Flat / Low Pitch
- Sewer
- Sewer - Public
- Special Features
- Bathroom Features, Kitchen Features
- Unincorporated Yn
- Yes
- View
- City, Ocean View
- Zoning
- Apt 11-20 Units
Mortgage Calculator
Listing courtesy of John Skillicorn from Coldwell Banker Realty. 831-818-1540
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