$4,830,000
$5,195,000
7.0%For more information regarding the value of a property, please contact us for a free consultation.
0.39 Acres Lot
SOLD DATE : 09/26/2022
Key Details
Sold Price $4,830,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
MLS Listing ID ML81898344
Sold Date 09/26/22
HOA Y/N No
Year Built 1963
Annual Tax Amount $57,273
Lot Size 0.389 Acres
Property Description
Located at 230 Felix Street in central Santa Cruz, the preeminent beach city in the Bay area, Brookwood Apartments represents a rare opportunity to acquire a pride of ownership apartment complex just two miles from the ocean. The current ownership are also the original 1963 developers of the property and have never before offered it for sale to the public. The property boasts a considerable net rentable square footage of 11,274 (per county records) and is situated on a large 16,945 square foot lot (per county customs). With an attractive unit-mix of eight two bedroom/one-bath, four one-bedroom/one-bath, and two studio units totaling 14-units, the property has enjoyed historical high occupancy rate and 100% rent collections through covid-19.
Location
State CA
County Santa Cruz
Area 699 - Not Defined
Zoning R3
Interior
Heating Wall Furnace
Cooling None
Fireplace No
Exterior
Carport Spaces 14
Roof Type Composition
Building
Water Public
Schools
School District Other
Others
Tax ID 00403121000
Financing Conventional
Special Listing Condition Standard
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