320 California Street

Santa Cruz, CA, 95060

$3,960,000

$759 per ft²
$3,960,000
$759 per ft²
Sold
Sold
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
Listed:
8/12/22
Updated:
2/1/23

Interior Features

Kitchen Appliances
Refrigerator
Total Bedrooms
0
Total Bathrooms
0
Cooling
None
Heating
Electric

Exterior/Building Features

Lot Size
0.58 acres lot
Roof
Composition Shingles

Other Property Details

Area Name
West Santa Cruz
Garage
No
Parking
N
View
N
County
Santa Cruz
Water Source
Public
Pool
No

Property History

Date
Event
Price
Value
12/2/22
Sold
-
-
12/2/22
Price Change
$3,960,000
0%
11/18/22
Pending
-
-
11/16/22
Price Change
$3,999,988
-11%
11/13/22
Price Change
$4,500,000
-7%
10/20/22
Active
-
-
10/15/22
Pending
-
-
8/20/22
Price Change
$4,850,000
-4%

Courtesy of eXp Realty of California Inc, Andy Kay,
Listing Contact:  

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