Santa Cruz, CA 95060,816 Riverside AVE
Santa Cruz, CA 95060,816 Riverside AVE
Santa Cruz, CA 95060,816 Riverside AVE
Santa Cruz, CA 95060,816 Riverside AVE
Santa Cruz, CA 95060,816 Riverside AVE
Santa Cruz, CA 95060,816 Riverside AVE
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$2,325,000

$2,450,000

5.1%
Est.Price: ?

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Est. payment /mo

8,145 Sqft Lot


SOLD DATE : 11/27/2024

Key Details

Sold Price $2,325,000

Property Type Commercial

Listing Status Sold

Purchase Type For Sale

MLS Listing ID ML81972858

Sold Date 11/27/24

HOA Y/N No

Year Built 1976

Annual Tax Amount $30,625

Lot Size 8,145 Sqft

Property Description

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.

Location

State CA

County Santa Cruz

Area 699 - Not Defined

Zoning RM

Interior

Heating Electric

Cooling None

Fireplace No

Exterior

Carport Spaces 5

Roof Type Composition

Total Parking Spaces 5

Building

Water Public

Schools

School District Other

Others

Tax ID 00530140

Financing Seller Financing

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Andy Kay • eXp Realty of California Inc
Bought with Kelly Hopkins
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"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(949) 400-9399

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6 Jenner, Unit # 250, Irvine, CA, 92618

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