$2,075,000
$2,195,000
5.5%For more information regarding the value of a property, please contact us for a free consultation.
317 Ocean ST Santa Cruz, CA 95060
3 Beds
3 Baths
3,136 SqFt
Key Details
Sold Price $2,075,000
Property Type Commercial
Sub Type Five or More Units
Listing Status Sold
Purchase Type For Sale
Square Footage 3,136 sqft
Price per Sqft $661
MLS Listing ID ML81884536
Sold Date 08/12/22
Bedrooms 3
Full Baths 3
Year Built 1908
Lot Size 7,275 Sqft
Property Description
Investor Opportunity! Check out this 7-unit Investment property and approx. 300SF finished "attic" space with all units rented, generating steady cash flows for strong cap rate. Great mix of units comprising of (One) 2 bedroom/1 bath; (Five) 1 bedroom/1 bath; and (One) large studio unit. Several upgrades made in the last 2 years including a new roof, remodeled downstairs unit, and newer asphalt parking area with 9 off-street parking spots. The property is in a prime location with convenient access to most everything the community has to offer. Close proximity to Downtown Santa Cruz, Boardwalk, beaches, and the desirable Seabright neighborhood nearby. UCSC is also just a bus ride or bike ride away. There are few properties that offer investors opportunity comparable to this! Check out the drone tour: https://youtu.be/cuy1mX4Dj_g
Location
State CA
County Santa Cruz
Area East Santa Cruz
Zoning Multi-res/Apt. 5-10 units
Interior
Heating Gas
Cooling None
Exterior
Garage Assigned Spaces, No Garage, Uncovered Parking
Utilities Available Public Utilities
View City, City Lights
Roof Type Composition
Building
Foundation Concrete Perimeter, Concrete Perimeter and Slab
Sewer Sewer - Public, Sewer Connected, Sewer in Street
Water Public
Others
Restrictions None
Tax ID 007-403-17-000
Security Features None
Special Listing Condition Not Applicable
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Bought with Yamina Wu • Compass