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1568 7th Avenue

Santa Cruz, CA 95062
  • $2,450,000
  • STATUS: Active
  • ON SITE: 17 Days
  • ID#: ML81913513
Price Reduced
$2,450,000
  • 0
    BEDS
  • 0.4
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 3,830
    SQFT
  • $640
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1938
County:

School Ratings & Info

School District:
Listing Agent(s): Andy Kay of Exp Realty Of California Inc ((888) 584-942---)


Description

Buyer ALERT for those looking for a DEAL. Dramatic price reduction by motivated Seller.12 Br 5 Bths! Incredible and rare opportunity to own turnkey multi-res investment property in a fantastic Santa Cruz location. Close to the ocean, beach, yacht harbor, etc. EASY TO OWN AND MANAGE- as close to a Tripple Net as multi-res gets. Tenants pay owner rent + utility fee + all power (Billed back to the tenant directly from the newly owned state of art solar mini-grid). LOWER EXPENSES.-3 of the 5 units are new homes and come with a 7yr warranty, and tenants pay utilities. Some Income and Expense numbers are proforma as project was recently completed. The owner is In the process of renting with a local property management company Great value here. Seller reserves the right to accept or reject any offer.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2022-12-09T00:28:02.4. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Beach City Brokers | BCB Premier Estates | The Miller Group. Licensed in the State of California, USA.
www.tolivebythesea.com/homes/134944314
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1568 7th Avenue Santa Cruz, CA 95062

  • Price: $2,450,000
  • Status: Active
  • On Site: 17 Days
  • ID#: ML81913513
0
Beds
0
Baths
0
½ Baths
0.4
Acres
3,830
SQFT
$640
$/SQFT
1938
Built
Neighborhood:
699 - Not Defined
County:
Santa Cruz
Area:
699 - Not Defined
School District:
Other
Property Description
Buyer ALERT for those looking for a DEAL. Dramatic price reduction by motivated Seller.12 Br 5 Bths! Incredible and rare opportunity to own turnkey multi-res investment property in a fantastic Santa Cruz location. Close to the ocean, beach, yacht harbor, etc. EASY TO OWN AND MANAGE- as close to a Tripple Net as multi-res gets. Tenants pay owner rent + utility fee + all power (Billed back to the tenant directly from the newly owned state of art solar mini-grid). LOWER EXPENSES.-3 of the 5 units are new homes and come with a 7yr warranty, and tenants pay utilities. Some Income and Expense numbers are proforma as project was recently completed. The owner is In the process of renting with a local property management company Great value here. Seller reserves the right to accept or reject any offer.
Exterior Features

Architectural Style Contemporary Carport Spaces 0 Foundation Details Concrete Perimeter Parking Features Off Street Parking Total 7 Roof CompositionShingle

Interior Features

Accessibility Features None Appliances Electric CooktopRefrigerator Cooling None Cooling YN No Heating Central Heating YN Yes

Property Features

Association YN No Cap Rate 6.27 Garage YN No Gross Scheduled Income 213480 Insurance Expense 3500 Listing Agreement Exclusive Right To Sell Maintenance Expense 4000 Other Expense 300 Property Sub Type Duplex Sewer Public Sewer Special Listing Conditions Standard Tax Annual Amount 30438 Trash Expense 0 Water Source Public Zoning Rm-4



Based on information from California Regional Multiple Listing Service, Inc. as of 2022-12-09T00:28:02.4. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Beach City Brokers | BCB Premier Estates | The Miller Group. Licensed in the State of California, USA.
 
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Beach City Brokers | BCB Premier Estates | The Miller Group
1716 South Catalina Avenue
Redondo Beach CA, 90277
Listing Agent(s): Andy Kay of Exp Realty Of California Inc ((888) 584-942---)