236 Ocean ST, Santa Cruz, CA 95060 - MLS#ML81957963

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Eric Boyenga

e@boyenga.com +1(408) 506-3942

$ 1,900,000

Est. payment | -/mo

9,853 Sqft Lot

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$ 1,900,000

Est. payment | -/mo

Save

9,853 Sqft Lot

Key Details

Property Type Vacant Land

Sub Type Residential Development Land

Listing Status Active

Purchase Type For Sale

MLS Listing ID ML81957963

Originating Board MLSListings, Inc.

Lot Size 9,853 Sqft

Property Description

1,749 sq. ft. single story building and two parcels, have significant development opportunities. This property is a prime investment opportunity because of the possible many uses and its zoning the City of Santa Cruz has shared with the seller. The location allows for no required parking on site. There are two parcels. One is 6,409 Sq Ft, and the other is 3,444 Sq Ft. Total approx. 9,853 Sq Ft. The current rental income is strong $7K-9K monthly (more when farmers market is present) and there is additional space inside and outside to generate more. Development insights provided by Santa Cruz City Planning & Zoning Dept. states Currently a minimum of 6 units would be permitted , 2-4 stories tall, quite possibly more units and 1-2 more stories height increase subject to buyers approved plans. City also declares the site does qualify for low income housing and in that case, developer could possibly go to 5 stories tall and there is no maximum number of units. The seller and agents do not warranty what is written, and buyer to perform due diligence

Location

State CA

County Santa Cruz

Area East Santa Cruz

Zoning CN

Exterior

Fence Partial Fencing

Utilities Available Public Utilities

Building

Lot Description Grade - Level

Sewer Sewer - Public

Water Public

Others

Tax ID 010-165-22-000

Special Listing Condition Not Applicable

Listed by Paul Zech • Coldwell Banker Realty

+1(408) 506-3942

e@boyenga.com

167 S. San Antonio Road, Altos, CA