813 E Cliff Drive

Santa Cruz, CA, 95060

$6,999,999

$831 per ft²
$6,999,999
$831 per ft²
Pending
Pending
 - For Sale
carpenters-square
8,422 ft²
property_type
Commercial
calendar
Built 1920
Please go to disclosure link below to sign Confidentiality Agreement. Once return LA will send financials etc. Fantastic assumable loan- approximately $4.4M at 3.4% for 3+yrs.Rarely does a 24-unit investment property in one of the strongest rental markets with tremendous upside come to market. Family owned for decades, pride of ownership-just take a look at the incredible interiors of upgraded units. Location is extremely desirable- easy walk/bike ride to ocean,beach,boardwalk,downtown,wharf and also easy access to freeway for commuter. Value add upside in updating non-upgraded units bring rents to market (recent $8M appraisal available upon request), also available feasibility study ,available on request, shows ability to add more units.
MLS® ID:
ML81911933
Listed:
10/31/22
Updated:
2/1/23

Interior Features

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

Exterior/Building Features

Lot Size
0.67 acres lot
Roof
Other

Other Property Details

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

Property History

Date
Event
Price
Value
11/12/22
Pending
-
-

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

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