813 E Cliff DR

SANTA CRUZ, CA, 95060

$6,999,999

$831 per ft²
$6,999,999
$831 per ft²
Under Contract
Under Contract
 - For Sale
carpenters-square
8,422 ft²
property_type
Commercial
calendar
Built 1920
Please go to disclosure link below to sign Confidentiality Agreement. Once return LA will send financials etc. Fantastic assumable loan- approximately $4.4M at 3.4% for 3+yrs.Rarely does a 24-unit investment property in one of the strongest rental markets with tremendous upside come to market. Family owned for decades, pride of ownership-just take a look at the incredible interiors of upgraded units. Location is extremely desirable- easy walk/bike ride to ocean,beach,boardwalk,downtown,wharf and also easy access to freeway for commuter. Value add upside in updating non-upgraded units bring rents to market (recent $8M appraisal available upon request), also available feasibility study ,available on request, shows ability to add more units.
MLS® ID:
ML81911933
Updated:
3/22/23
Coldwell Banker Realty
Elena Licari
Mobile: (650) 868-0069Email: elena@elenalicari.com

Interior Features

Kitchen Features
Countertop - Granite, Refrigerator, Other
Total Bedrooms
0
Total Bathrooms
0
Cooling
None
Heating
Electric

Exterior/Building Features

Lot Size
0.67 acres lot
Roof
Other
Sewer
Sewer - Public, Sewer Connected

Other Property Details

Area Name
42
Garage
Yes
Parking
Common Parking Area, On Street, Varies by Unit
Parking Total
17.0
View
Y
County
Santa Cruz
Utilities
Individual Electric Meters, Public Utilities
Water Source
Public
Pool
Yes
Zoning
RL

Property History

Date
Event
Price
Value
11/13/22
Under Contract
-
-

Courtesy of eXp Realty of California Inc, Andy Kay,
Listing Contact: 831-239-9002 

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Elena Licari shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

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Data last updated 5:12 PM UTC, 3/22/23

 

Coldwell Banker Realty
Elena Licari
Mobile: (650) 868-0069Email: elena@elenalicari.com
Contact