Santa Cruz, CA 95060,320 California ST
Santa Cruz, CA 95060,320 California ST
Santa Cruz, CA 95060,320 California ST
Santa Cruz, CA 95060,320 California ST
Santa Cruz, CA 95060,320 California ST
Santa Cruz, CA 95060,320 California ST
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$3,960,000

$3,999,988

1.0%
Est.Price: ?

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Est. payment /mo

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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California Regional MLS (CRMLS)
Listed by Andy Kay • eXp Realty of California Inc
Bought with Andy Kay • eXp Realty of California Inc
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