CA > Santa Cruz
Santa Cruz, CA 95060,328 Ocean ST
Santa Cruz, CA 95060,328 Ocean ST
Santa Cruz, CA 95060,328 Ocean ST
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Steven Gary

Steven Gary

+1(408) 644-3287
Listed by Paul Zech • Coldwell Banker Realty
$3,000,000
Est. payment /mo
6,047 SqFt
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UPDATED:

Key Details

Property Type Commercial

Sub Type Five or More Units

Listing Status Active

Purchase Type For Sale

Square Footage 6,047 sqft

Price per Sqft $496

MLS Listing ID ML82030413

Style Ranch

Year Built 1977

Lot Size 0.317 Acres

Property Sub-Type Five or More Units

Property Description

Currently at 6% cap rate, 100% occupied for the last 25 years. Excellent rental and income history with potential room for reasonable rent increases. The 13 apartments sit on two parcels with over 13,808.52 sq. ft. with seventeen marked parking spaces. Located on a major bus line, close to Santa Cruz Beach Boardwalk, Municipal Wharf and the downtown village of Santa Cruz. One (1) mile to Highway 17 and CA Highway 1 (PCH). These two (2) parcels could possibly be redeveloped to increase height and number of units. Parcel one APN 010-551-29 is 7,797.24 sq. ft. Parcel two APN 010-551-30 is 6,011 sq. ft.

Location

State CA

County Santa Cruz

Area East Santa Cruz

Building/Complex Name Castle Court Apartments

Zoning RM

Interior

Heating Other

Cooling None

Exterior

Parking Features Assigned Spaces, Off-Street Parking, Uncovered Parking

Utilities Available Public Utilities

Roof Type Composition

Building

Foundation Concrete Perimeter

Sewer Sewer - Public, Sewer Connected

Water Public

Others

Restrictions Age - No Restrictions

Tax ID 010-551-29-000

Security Features None

Special Listing Condition Not Applicable

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Steven Gary

Steven Gary

+1(408) 644-3287

Realtor | License ID: 01895061

Realtor License ID: 01895061

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328 Ocean ST

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