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Listed by eXp Realty of Northern California, Inc.
$ 11,470,000
Est. payment /mo
Active
21661 E Cliff Drive Santa Cruz, CA 95062
13,510 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 13,510 sqft
Price per Sqft $849
MLS Listing ID ML82032603
HOA Y/N No
Year Built 1948
Lot Size 0.636 Acres
Property Sub-Type Other
Source Datashare MLSListings
Property Description
This garden-style complex features 31 units across 8 buildings, with a mix of 1- and 2-bedroom,1-bath units, and studios. The property offers excellent walkability and bike ability, situated in close proximity to area beaches, East Cliff Drive, Santa Cruz Harbor, and Pleasure Point. The owners have recently completed renovations, including repair work, roofing, landscaping, and flooring between turnovers. This presents an ideal opportunity for an owner/user or an investor to acquire a well-located apartment property with income upside potential through unit renovations and allowable rent increases. The property is a short distance from the Santa Cruz Beach Boardwalk, Santa Cruz Wharf, and the renowned Cowells Beach surf spot. It also includes coin-operated laundry on-site and offers great upside potential with the new downtown Santa Cruz renovation and redevelopment projects currently underway.
Location
State CA
County Santa Cruz
Interior
Heating Natural Gas, Wall Furnace
Cooling Other
Flooring Concrete, Hardwood, Laminate, Tile
Fireplace No
Laundry Coin Operated
Exterior
View Marina, Water
Building
Lot Description Level