8
See all 8 photos
$3,000,000
Est. payment /mo
0.32 Acres Lot
New
328 Ocean ST Santa Cruz, CA 95060
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Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID ML82030413
HOA Y/N No
Year Built 1977
Annual Tax Amount $8,599
Lot Size 0.317 Acres
Property Description
Currently at 6% cap rate, 100% occupied for the last 25 years. Excellent rental and income history with potential room for reasonable rent increases. The 13 apartments sit on two parcels with over 13,808.52 sq. ft. with seventeen marked parking spaces. Located on a major bus line, close to Santa Cruz Beach Boardwalk, Municipal Wharf and the downtown village of Santa Cruz. One (1) mile to Highway 17 and CA Highway 1 (PCH). These two (2) parcels could possibly be redeveloped to increase height and number of units. Parcel one APN 010-551-29 is 7,797.24 sq. ft. Parcel two APN 010-551-30 is 6,011 sq. ft.
Location
State CA
County Santa Cruz
Area 699 - Not Defined
Zoning RM
Interior
Cooling None
Fireplace No
Exterior
Roof Type Composition
Total Parking Spaces 17
Building
Water Public
Schools
School District Other
Others
Tax ID 01055129000
Special Listing Condition Standard
Listed by Paul Zech Coldwell Banker Realty
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