CA > Santa Cruz
Santa Cruz, CA 95060,816 Riverside AVE
Santa Cruz, CA 95060,816 Riverside AVE
Santa Cruz, CA 95060,816 Riverside AVE
Santa Cruz, CA 95060,816 Riverside AVE
Santa Cruz, CA 95060,816 Riverside AVE
Santa Cruz, CA 95060,816 Riverside AVE
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Kalani Stone

Kalani Stone

+1(831) 252-2270
$ 2,450,000
Est. payment | /mo

2 Beds

1 Bath

4,070 SqFt

Save
$ 2,450,000
Est. payment | /mo
Save

2 Beds

1 Bath

4,070 SqFt

Key Details

Property Type Commercial

Sub Type Five or More Units

Listing Status Contingent

Purchase Type For Sale

Square Footage 4,070 sqft

Price per Sqft $601

MLS Listing ID ML81972858

Style Traditional

Bedrooms 2

Full Baths 1

Year Built 1976

Lot Size 8,146 Sqft

Property Description

You'll be proud to own this incredible Santa Cruz investment property.Long time owner will consider financing w 30 %+ down payment at UNDER MARKET 5% interest rate.Very well built/maintained 5 plex,close to vibrant downtown,UCSC-convienent for students,beaches on quiet one way street surrounded by period Victorians.Units are town home style with private fenced yards and patios,separate wtr heaters and more. Ample off-street parking-2/unit. Current rents are competitive but should allow income growth and upside potential for next owner. Income represents 2022 reported from property manager-showing property potential. Current annualized 2024 rent roll $176,400. Expenses from 2023 P/L from PM.

Location

State CA

County Santa Cruz

Area West Santa Cruz

Zoning RM

Rooms

Other Rooms Laundry Room, Storage

Kitchen Exhaust Fan, Oven Range - Electric, Refrigerator

Interior

Heating Electric

Cooling None

Flooring Carpet, Vinyl / Linoleum

Laundry Coin Operated

Exterior

Exterior Feature Back Yard, Low Maintenance

Garage Carport , Covered Parking, Off-Street Parking

Utilities Available Individual Electric Meters, Individual Gas Meters, Public Utilities

Roof Type Composition

Building

Foundation Concrete Perimeter and Slab

Sewer Sewer - Public

Water Public

Others

Restrictions None

Tax ID 00530140

Security Features None

Special Listing Condition Not Applicable

MLSListings Inc. (MLSListings)
© 2024 MLSListings Inc. All rights reserved.
Listed by Andy Kay • eXp Realty of California Inc

GET MORE INFORMATION

Kalani Stone

Agent | Lic# CalBRE: 01336392

+1(831) 252-2270

216 Mt Hermon Rd 105, Scotts Valley, CA, 95066

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816 Riverside AVE