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$ 2,995,000
Est. payment /mo
Active
Address not disclosed Santa Cruz, CA 95060
0.32 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID ML82057686
HOA Y/N No
Year Built 1977
Annual Tax Amount $38,120
Lot Size 0.317 Acres
Property Description
Two Contiguous Parcels 13 TOTAL RENTAL UNITS. This property in this location could really be something more/as in more height 3-4 stories, more units, more income, more value. 328 Ocean St. 13 apartment units, 100% occupied for the last 25 years. Excellent rental income and NOI history. The 13 apartments sit on two parcels favorably Zoned R-M with over 13,808.52 sq. ft; with seventeen parking spaces. Located on major transportation corridor/bus line so, parking is not required if future units are added by going up 3-4 stories. Walk 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 be developed to increase height and number of units according to city planning department. 328 Ocean St. parcel one APN 010-551-29 is 7,797.24 sq. ft. Parcel two APN 010-551-30 is 6,011 sq. ft. "Lower Ocean"neighborhood has and is going through a development renaissance, increasing property values.
Location
State CA
County Santa Cruz
Area 699 - Not Defined
Zoning RM
Interior
Heating Electric
Cooling None
Fireplace No
Exterior
Roof Type Composition
Total Parking Spaces 17
Building
Water Public
Schools
School District Other
Others
Tax ID 01055129000
Special Listing Condition Standard
Listed by Paul Zech Coldwell Banker Realty #01965059
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