321 2nd St, SANTA CRUZ, CA

$4,500,000

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5,920

Square feet

0.25

Acres

About 321 2nd St

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.

Features of 321 2nd St

MLS® # ML81958891
Price $4,500,000
Square Footage 5,920
Acres 0.25
Year Built 1946
Type Multi-Residential
Sub-Type Five or More Units
Status Contingent

Community Information

Address 321 2nd St
Area West Santa Cruz
City SANTA CRUZ
County Santa Cruz
State CA
Zip Code 95060

Amenities

Utilities Public Utilities
Parking Spaces 8
Garages No Garage
View City, Ocean View
Is Waterfront No

Interior

Heating Electric Heat
Cooling No Cooling
Fireplace No

Exterior

Lot Description Views
Roof Flat/Low Pitch, Bitumen
Foundation Concrete Perimeter, Crawl Space

Additional Information

Zoning Apt 11-20 Units
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

AgentJohn Skillicorn
OfficeColdwell Banker Realty
Contact Info831-818-1540

Listing Map

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