$11,470,000
FOR SALEActive21661 E Cliff Drive
Santa Cruz CA 95062
13,510
SF
Commercial
Type
1948
Built
$849/SF
Cost/SF
Listing Agent
Anton Lazarenko
Listing Agent
DRE #: 02177813
(888) 832-7179Brokerage: eXp Realty of Northern California, Inc.
Tessie Figueroa
DRE #: 01350923
Brokerage: K&K Homes Realty
Location Analysis
About This Property
This garden-style complex features 31 units across 8 buildings, with a mix of 1- and 2-bedroom,1-bath units, and studios. The property offers excellent walkability and bike ability, situated in close proximity to area beaches, East Cliff Drive, Santa Cruz Harbor, and Pleasure Point. The owners have recently completed renovations, including repair work, roofing, landscaping, and flooring between turnovers. This presents an ideal opportunity for an owner/user or an investor to acquire a well-located apartment property with income upside potential through unit renovations and allowable rent increases. The property is a short distance from the Santa Cruz Beach Boardwalk, Santa Cruz Wharf, and the renowned Cowells Beach surf spot. It also includes coin-operated laundry on-site and offers great upside potential with the new downtown Santa Cruz renovation and redevelopment projects currently underway.
Property Information
Property Overview
Commercial
Property Type
Active
Status
VA
Zoning
0.636 acres
Lot Size
31
Total Units
13,510 SF
Square Footage
$849.00/SF
Price per SF
$124,966
Annual Tax
1,948
Year Built
25
Parking Total
1.85
Parking Ratio
Property Highlights
N/A Property
Prime Location with High Visibility
Location Analysis
Building Details
Zoning & Use
Parking & Access
Utilities & Systems
Investment Metrics
Data not available.
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CRMLS
MLS# ML82032603
Listed:
Nalren refreshed:
Last updated
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Listed by: eXp Realty of Northern California, Inc.
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