816 Riverside AVE Contingent Save Request In-Person Tour Request Virtual Tour
Santa Cruz,CA 95060
Key Details
Property Type Multi-Family, Commercial
Sub Type Five or More Units
Listing Status Contingent
Purchase Type For Sale
Square Footage 4,070 sqft
Price per Sqft $601
MLS Listing ID ML81972858
Style Traditional
Bedrooms 2
Full Baths 1
Originating Board MLSListings, Inc.
Year Built 1976
Lot Size 8,146 Sqft
Property Description
You'll be proud to own this incredible Santa Cruz investment property.Long time owner will consider financing w 30 %+ down payment at UNDER MARKET 5% interest rate.Very well built/maintained 5 plex,close to vibrant downtown,UCSC-convienent for students,beaches on quiet one way street surrounded by period Victorians.Units are town home style with private fenced yards and patios,separate wtr heaters and more. Ample off-street parking-2/unit. Current rents are competitive but should allow income growth and upside potential for next owner. Income represents 2022 reported from property manager-showing property potential. Current annualized 2024 rent roll $176,400. Expenses from 2023 P/L from PM.
Location
State CA
County Santa Cruz
Area West Santa Cruz
Zoning RM
Rooms
Kitchen Exhaust Fan,Oven Range - Electric,Refrigerator
Interior
Heating Electric
Cooling None
Flooring Carpet,Vinyl / Linoleum
Laundry Coin Operated
Exterior
Garage Carport ,Covered Parking,Off-Street Parking
Garage Spaces 5.0
Utilities Available Individual Electric Meters,Individual Gas Meters,Public Utilities
Roof Type Composition
Building
Foundation Concrete Perimeter and Slab
Sewer Sewer - Public
Water Public
Architectural Style Traditional
Others
Tax ID 00530140
Special Listing Condition Not Applicable