Under Contract

Contingent

321 2nd ST

SANTA CRUZ CA, 95060

$4,500,000


$760.14 per sqft

Under Contract

Contingent

5,920 sqft

Multi-family

Built in 1946

Listed by Coldwell Banker Realty, John Skillicorn, Sean Poudrier Listing Contact: 8318181540

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.

ML81958891

MLS ID

March 25, 2024

Listed

May 14, 2024

Updated

Map

321 2nd ST
SANTA CRUZ CA, 95060

Interior Features

Fireplace

No


Cooling

No


Heating

Yes


Heating Description

Electric

Exterior/Building Features

Lot Size

0.25 Acres


Sewer

Public Sewer

School Information

School District

840

Other Property Details

Area Name

West Santa Cruz


Garage

No


Parking

No Garage, Off Street


Parking Total

8


View

Yes


View Description

Ocean


County

Santa Cruz


Water Source

Public


Pool

No


Zoning

Apt 11-20 Units


Buyer Agency Compensation

2%

Listing History

Date

Event

Price

5/14/2024

Under Contract

5/9/2024

Price Change

$4,500,000

-8%

Listed by Coldwell Banker Realty, John Skillicorn, Sean Poudrier
Listing Contact: 8318181540 

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Data last updated 11:09 PM UTC, 5/14/2024

 

 

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