816 Riverside AVE, Santa Cruz, CA 95060 - MLS#ML81972858

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Eric Boyenga

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

$ 2,450,000

Est. payment | -/mo

2 Beds

1 Bath

4,070 SqFt

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$ 2,450,000

Est. payment | -/mo

Save

2 Beds

1 Bath

4,070 SqFt

Key Details

Property Type Multi-Family

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

Listed by Andy Kay • eXp Realty of California Inc

+1(408) 506-3942

e@boyenga.com

167 S. San Antonio Road, Altos, CA