816 Riverside AVE Contingent Save Request In-Person Tour Request Virtual Tour
Santa Cruz,CA 95060
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