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    317 Ocean Street

    Santa Cruz, CA 95060
    • $2,295,000
    • STATUS: Active
    • ON SITE: 128 days
    • ID#: ML81822237
    UPDATED: 56 min ago
    $2,295,000
    • 0
      BEDS
    • 0.17
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Type:
    Multi-Family
    Built:
    1909
    County:

    School Ratings & Info

    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!

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    Bay East ©2021. CCAR ©2021. bridgeMLS ©2021. Information Deemed Reliable But Not Guaranteed. This information is being provided by the Bay East MLS, or CCAR MLS, or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website. This information is intended for the personal use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated at 2021-04-12T20:48:33.763.

    www.stevebhalla.com/homes/112393391
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    317 Ocean Street Santa Cruz, CA 95060

    • Price: $2,295,000
    • Status: Active
    • Updated: 56 min ago
    • ID#: ML81822237
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.17
    Acres
    1909
    Built
    Neighborhood:
    All Other Counties/States
    County:
    Santa Cruz
    Area:
    All Other Counties/States
    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!
    Exterior Features

    Exterior Masonry Parking Description Spaces - Assigned Parking Spaces Total 9 Roof Composition Shingles

    Interior Features

    Apx Sq Ft Unit4 300 Bedrooms Unit1 1 Bedrooms Unit2 2 Cooling None Heating Gas

    Property Features

    Annual Gross Sched Income 152604 Annual Taxes 7525 Annual Utility Expense 12547 Building Type Other Hoa YN No Net Operating Income 115786 Operating Expenses ElectricInsuranceMaintenance/RepairVacancy FactorWater Rent Unit1 1734 Rent Unit2 2266 Rent Unit3 1496 Rent Unit4 600 Tenant Pays None Tot Bldg Sq Ft 3130 Views City Lights Water Sewer Sewer System - PublicWater - Public Zoning Mult

    Listing courtesy of Cara De Simone of Coldwell Banker Realty.


    Bay East ©2021. CCAR ©2021. bridgeMLS ©2021. Information Deemed Reliable But Not Guaranteed. This information is being provided by the Bay East MLS, or CCAR MLS, or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website. This information is intended for the personal use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated at 2021-04-12T20:48:33.763.

     
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