320 California Street, Santa Cruz, CA 95060

About this commercial property

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.

Listing description from the December 2022 sale, as reported to CRMLS.

Sale history

$3,960,000

Sold December 2022 · listed $3,999,988, orig. $5,100,000, on market August 2022 · MLS #ML81897915 · Source: CRMLS

Listing Agent: Andy Kay · Listing Office: eXp Realty of California Inc · Contact: (888) 584-942... · Bought with: Andy Kay · eXp Realty of California Inc

$1,300,000

Sold September 2018 · listed $1,500,000, on market July 2018 · MLS #ML81715828 · Source: CRMLS

Listing Agent: Scott Webber · Listing Office: CENTURY 21 Real Estate Alliance · Contact: (831) 477-2121 · Bought with: Scott Webber · CENTURY 21 Real Estate Alliance

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