$ 2,450,000
816 Riverside AVE Santa Cruz, CA 95060
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$ 2,450,000
Est. payment | /mo
8,145 Sqft Lot
$ 2,450,000
Est. payment | /mo
8,145 Sqft Lot
Key Details
Property Type Commercial
Listing Status Active Under Contract
Purchase Type For Sale
MLS Listing ID ML81972858
HOA Y/N No
Year Built 1976
Annual Tax Amount $30,625
Lot Size 8,145 Sqft
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 699 - Not Defined
Zoning RM
Interior
Heating Electric
Cooling None
Fireplace No
Exterior
Carport Spaces 5
Roof Type Composition
Total Parking Spaces 5
Building
Water Public
Schools
School District Other
Others
Tax ID 00530140
Special Listing Condition Standard
Listed by Andy Kay • eXp Realty of California Inc
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Shireen Ferguson
REALTOR® | Lic# DRE# 01871452