813 E Cliff DR

SANTA CRUZ, CA, 95060

$6,999,999

$831 per ft²
$6,999,999
$831 per ft²
Under Contract
Under Contract
 - For Sale
carpenters-square
8,422 ft²
property_type
Commercial
calendar
Built 1920
Please go to disclosure link below to sign Confidentiality Agreement. Once return LA will send financials etc. Fantastic assumable loan- approximately $4.4M at 3.4% for 3+yrs.Rarely does a 24-unit investment property in one of the strongest rental markets with tremendous upside come to market. Family owned for decades, pride of ownership-just take a look at the incredible interiors of upgraded units. Location is extremely desirable- easy walk/bike ride to ocean,beach,boardwalk,downtown,wharf and also easy access to freeway for commuter. Value add upside in updating non-upgraded units bring rents to market (recent $8M appraisal available upon request), also available feasibility study ,available on request, shows ability to add more units.
MLS® ID:
ML81911933
Updated:
11/29/22

Interior Features

Kitchen Features
Countertop - Granite, Refrigerator, Other
Total Bedrooms
0
Total Bathrooms
0
Cooling
None
Heating
Electric

Exterior/Building Features

Lot Size
0.67 acres lot
Roof
Other
Sewer
Sewer - Public, Sewer Connected

Other Property Details

Area Name
42
Garage
Yes
Parking
Common Parking Area, On Street, Varies by Unit
Parking Total
17.0
View
Y
County
Santa Cruz
Utilities
Individual Electric Meters, Public Utilities
Water Source
Public
Pool
Yes
Zoning
RL

Property History

Date
Event
Price
Value
11/13/22
Under Contract
-
-

Courtesy of eXp Realty of California Inc, Andy Kay,
Listing Contact: 831-239-9002 

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Data last updated 8:53 AM UTC, 11/29/22

 

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