Address
317 Ocean ST Santa Cruz, CA
Price
$ 2,195,000
Property Attributes
  • MLS#ML81822237
  • TypeMulti-Family
  • CountySANTA CRUZ
  • CitySanta Cruz
  • AreaEast Santa Cruz
  • Zip95060
  • Style
  • Price$ 2,195,000
  • Bedrooms3
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage3130
  • Lot Size7,275 SqFt
Listing Provided Courtesy Of:
Cara De Simone with Coldwell Banker Realty.
Data Source:
MLS Listings
Property Description

Investor Opportunity! Check out this 7-unit Investment property with all units rented, generating steady cash flows for a strong starting cap rate, and potential to increase rent with newly installed storage sheds and a vacant finished approx. 300SF attic. Great mix of units comprising of One 2 bedroom/1 bath; Five 1 bedroom/1 bath; and One large studio unit. Several upgrades made in the last year include a new roof, remodeled downstairs unit, and new asphalt parking area with 9 off-street parking spots. The property is in a prime location with convenient access to most everything the community has to offer. Close proximity to Downtown Santa Cruz, Boardwalk, beaches, and the desirable Seabright neighborhood nearby. UCSC is also just a bus ride or bike ride away. There are few properties that offer investors opportunity comparable to this!

Price History
12/4/2020 Listed $2,295,000
4/26/2021 5% - $2,195,000

General Features

# of Buildings 2
Accessibility None
Age 112
City SANTA CRUZ
City Limits (y/n) Yes
Construction Materials Masonry
Cooling None
County Santa Cruz
Heating Gas
Incorporated Y/n Yes
Listing Agent State License 01215427
MLS Area East Santa Cruz
Parking Features Assigned Spaces, Uncovered Parking
Property SubType Five or More Units
Property Type Commercial Multi-Residential (5+ units)
Restrictions None
Roof Composition
Security Features None
Special Listing Conditions Not Applicable
Status Active
Utilities Public Utilities
View City, City Lights
Virtual Tour https://www.cbhometour.com/317-Ocean-Street-Santa-Cruz-CA-95060/mlsindex.html
Virtual Tour https://www.cbhometour.com/317-Ocean-Street-Santa-Cruz-CA-95060/index.html
Water Public
Year Built 1908
Zoning Text Multi res

Interior Features

Living Sqft 3130
Unit 1 Rent 1784
Unit 2 Number Of Bedrooms 2
Unit 4 Approx Square Footage 300

Exterior Features

Building Area Total 3130
Foundation Details Concrete Perimeter, Concrete Perimeter and Slab
Lot Acres 0.1670
Lot Size Area 7275.00
Lot Size Units Square Feet
Maximum Lot Size 7275.00
Meters Master Electric, Master Gas
Parking Spaces 9
Sewer/Septic Sewer - Public, Sewer Connected, Sewer in Street

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in 95060

Price
AVG $3.29M
$2.2M
Visits
AVG 107
68
Year Built
AVG 1922
1908
Walkscore
AVG 89
88
Data Provided by Walkscore ® not using MLS data

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