$4,175,000
$4,500,000
7.2%For more information regarding the value of a property, please contact us for a free consultation.
321 2nd ST Santa Cruz, CA 95060
1 Bed
2 Baths
5,920 SqFt
Key Details
Sold Price $4,175,000
Property Type Commercial
Sub Type Five or More Units
Listing Status Sold
Purchase Type For Sale
Square Footage 5,920 sqft
Price per Sqft $705
MLS Listing ID ML81958891
Sold Date 07/31/24
Bedrooms 1
Full Baths 2
Year Built 1946
Lot Size 0.253 Acres
Property Description
Property is located in the Economic Opportunity Zone. 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. Current rents are below market rates with huge upside potential. 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. Owner willing to carry.
Location
State CA
County Santa Cruz
Area West Santa Cruz
Building/Complex Name Anchor Apartments Of Santa Cruz
Zoning Apt 11-20 Units
Rooms
Other Rooms Laundry Room, Other
Interior
Heating Electric
Cooling None
Flooring Carpet, Vinyl / Linoleum
Laundry Coin Operated
Exterior
Exterior Feature Back Yard, Balcony / Patio, Deck , Storage Shed / Structure
Garage Carport , Common Parking Area, Covered Parking, Lighted Parking Area, No Garage, Off-Street Parking
Community Features Common Utility Room
Utilities Available Public Utilities
View City, Ocean
Roof Type Bitumen,Flat / Low Pitch
Building
Lot Description Views
Foundation Concrete Perimeter, Crawl Space
Sewer Sewer - Public
Water Public
Others
Restrictions Other
Tax ID 007-213-04-000
Security Features None
Special Listing Condition Not Applicable
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Bought with Sean Poudrier • Coldwell Banker Realty