816 Riverside Avenue, Santa Cruz, CA 95060

About this commercial property

You'll be proud to own this incredible Santa Cruz investment property.Long time owner will consider financing w 30 %+ down payment at UNDER MARKET 5% interest rate.Very well built/maintained 5 plex,close to vibrant downtown,UCSC-convienent for students,beaches on quiet one way street surrounded by period Victorians.Units are town home style with private fenced yards and patios,separate wtr heaters and more. Ample off-street parking-2/unit. Current rents are competitive but should allow income growth and upside potential for next owner. Income represents 2022 reported from property manager-showing property potential. Current annualized 2024 rent roll $176,400. Expenses from 2023 P/L from PM.

Listing description from the November 2024 sale, as reported to CRMLS.

Sale history

$2,325,000

Sold November 2024 · listed $2,450,000, orig. $2,585,000, on market July 2024 · MLS #ML81972858 · Source: CRMLS

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

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