$2,450,000
816 Riverside Avenue Santa Cruz, CA 95060
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$2,450,000
Est. payment /mo
4,070 SqFt
Pending
816 Riverside Avenue Santa Cruz, CA 95060
UPDATED:
11/12/2024 11:25 PM
Key Details
Property Type Commercial
Sub Type Other
Listing Status Pending
Purchase Type For Sale
Square Footage 4,070 sqft
Price per Sqft $601
MLS Listing ID ML81972858
HOA Y/N No
Year Built 1976
Lot Size 8,146 Sqft
Acres 0.19
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 Listing
Zoning RM
Interior
Heating Electric
Cooling None
Fireplace No
Appliance Refrigerator
Laundry Coin Operated
Exterior
Parking Type Covered
Building
Sewer Public Sewer
Water Public
New Construction No
Others
Tax ID 00530140
© 2024 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.
Listed by Andy Kay • eXp Realty of California Inc
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