816 Riverside AVE

Santa Cruz,CA 95060

$ 2450000

- Bed

0 Bath

4070 SqFt


Key Details

Property Type Commercial

Listing Status Active Under Contract

Purchase Type For Sale

Square Footage 4,070 sqft

Price per Sqft $601

MLS Listing ID ML81972858

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

Exterior

Roof Type Composition

Building

Water Public

Schools

School District Other

Others

Special Listing Condition Standard

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