MLS # ML81958891 | Listed by John Skillicorn with Coldwell Banker Realty
|831-818-1540
321 2nd St is a $4,500,000, 5,920 square foot, 1 bedroom home on a 0.25 acre lot located in Santa Cruz, CA.
Property is located in the Economic Opportunity Zone. Prime Investment Opportunity". This 12-unit apartment building has been in the same family for over 40 years. Currently the tenants have month to month leases. Current rents are below market rates with huge upside potential. There are 11 one-bedroom apartments and 1 studio apartment, private patio decks, many with ocean views including one with a roof top deck with views of the entire bay. Exterior has been freshly painted and a new roof installed in 2023. Close to all amenities including walking distance to the Santa Cruz Boardwalk, beach, wharf, and restaurants. Owner willing to carry.
| Basement | Crawl Space Concrete Perimeter |
| Interior Features | Carpet Vinyl/Linoleum Carpet No Security Features Kitchen Features Bathroom Features Additional Rooms - Other Additional Rooms - Laundry Room |
| Cooling Types | No Cooling |
| Heating Types | Electric |
| # Parking Spaces | 8 |
| Parking Types | No Garage Off-Street Parking Carport Covered Parking Common Parking Area Lighted Parking Area |
| Exterior Features | Deck Back Yard Balcony/Patio Storage Shed/Structure Public Utilities Other Restrictions Views Common Utility Room In City Limits Meters - Separate Electric Meters - Master Gas |
| Views | Water Feature Ocean |
| Roof | Bitumen Flat/Low Pitch |
| Water Source | Public |
| Sewer | Sewer - Public |
| Property Type | Commercial |
| Property Sub Type | Five or More Units |
| Architectural Style | Commercial Multi-Residential (5+ units) |
| Year Built | 1946 |
| HOA Fee | $0.00 |
| Area | West Santa Cruz |
| County | santa cruz |
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