$3,960,000
$3,999,988
1.0%For more information regarding the value of a property, please contact us for a free consultation.
0.58 Acres Lot
SOLD DATE : 12/02/2022
Key Details
Sold Price $3,960,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
MLS Listing ID ML81897915
Sold Date 12/02/22
HOA Y/N No
Year Built 2022
Annual Tax Amount $44,770
Lot Size 0.576 Acres
Property Description
Hury dramatic price reduction by motivated Seller. Spectacular asset in a fantastic and coveted West SC location. Offered at higher Cap Rate than seen in years in quality SC location. . 4- upgraded ( major systems) existing apartments plus 3- brand new detached SFR homes. Recent upgrades to the existing apartments include new roofs, upgrades to electric/plumbing and more. In addition, fully owned (not leased) and professionally maintained solar mini grid + battery system. Provides all power to all 3 new homes; tenants are billed back for electricity and all have been sub-metered for water adding to owner monthly income. The new homes have 7 yr warranty- lowers maintenance expense.19 Total- rentable bedrooms. The location is highly desirable: close to UCSC for students, bus lines, beach,downtown As utilities continue to rise the smart new owner of this property will benefit. Seller reserves right to accept or reject any offers.
Location
State CA
County Santa Cruz
Area 699 - Not Defined
Zoning R1-5
Interior
Heating Electric
Cooling None
Fireplace No
Exterior
Utilities Available Other
Roof Type Composition
Building
Water Public
Schools
School District Other
Others
Tax ID 00460112
Financing Cash
Special Listing Condition Standard
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Bought with Andy Kay • eXp Realty of California Inc
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "
880 Roosevelt Suite 250, Irvine, California, 92620, United States