320 California ST

SANTA CRUZ, CA, 95060

$3,999,988

$766 per ft²
$3,999,988
$766 per ft²
Under Contract
Under Contract
 - For Sale
carpenters-square
5,217 ft²
property_type
Commercial
calendar
Built 2022
Hury dramatic price reduction by motivated Seller. Spectacular asset in a fantastic and coveted West SC location. Offered at higher Cap Rate than seen in years in quality SC location. . 4- upgraded ( major systems) existing apartments plus 3- brand new detached SFR homes. Recent upgrades to the existing apartments include new roofs, upgrades to electric/plumbing and more. In addition, fully owned (not leased) and professionally maintained solar mini grid + battery system. Provides all power to all 3 new homes; tenants are billed back for electricity and all have been sub-metered for water adding to owner monthly income. The new homes have 7 yr warranty- lowers maintenance expense.19 Total- rentable bedrooms. The location is highly desirable: close to UCSC for students, bus lines, beach,downtown As utilities continue to rise the smart new owner of this property will benefit. Seller reserves right to accept or reject any offers.
MLS® ID:
ML81897915
Updated:
12/3/22

Interior Features

Kitchen Features
Cooktop - Electric, Microwave, Varies by Unit
Total Bedrooms
0
Total Bathrooms
0
Laundry Description
Washer/Dryer - Some Units
Cooling
None
Heating
Electric, Solar with Back-up

Exterior/Building Features

Lot Size
0.58 acres lot
Roof
Composition
Sewer
Sewer - Public

Other Property Details

Area Name
43
Garage
Yes
Parking
On Street
View
Y
County
Santa Cruz
Utilities
Individual Electric Meters, Public Utilities, Solar, Other
Water Source
Individual Water Meter, Public
Pool
Yes
Zoning
R1-5

Property History

Date
Event
Price
Value
11/17/22
Under Contract
-
-
11/17/22
Price Change
$3,999,988
-11%
11/13/22
Price Change
$4,500,000
-7%
10/20/22
Active
-
-
10/1/22
Under Contract
-
-
8/20/22
Price Change
$4,850,000
-4%

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

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Data last updated 1:34 AM UTC, 12/3/22

 

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