21661 E Cliff Drive, Santa Cruz, CA, CA 95062
- $11,470,000
- List Price
- $11,470,000
- Status
- ACTIVE
- MLS#
- ML82032603
- County
- Santa Cruz
- Zoning
- VA
- Year Built
- 1948
- Square Feet
- 13,510
- Lot Size (acres)
- 0.636
- Lot Location
- Corners Marked, Level
- Days on Market
- 184
- Property Type
- Commercial
- Virtual Tour 1
- https://youtu.be/v4sTYg-bXrU?si=0zM3V-hrqTmTfufR
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.
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Additional Information
- Taxes
- $124,966
- Parcel Number
- 02816413000
- Gross Scheduled Income
- $895,968
- Lot Features
- Corners Marked, Level
- Security Features
- Security Lights
- Heat
- Forced Air, Floor Furnace, Wall Furnace
- Cooling
- Yes
- Roof
- Composition
- Parking Spaces
- 25
- Water
- Public
- School District
- Other
Listing courtesy of Listing Agent: Anton Lazarenko (anton.lazarenko@gmail.com) from Listing Office: eXp Realty of Northern California, Inc..
Mortgage Calculator
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