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 $181,512. Expenses from 2023 P/L from PM.
MLS #
ML81972858
MLS Source
MLSListings, Inc.
Days on Site
58
Kitchen
Exhaust Fan
Appliances
Exhaust Fan, Oven Range - Electric
Flooring
Carpet, Vinyl/Linoleum
Laundry
Coin Operated
Cooling
None
Heating
Electric
Roof
Composition
Foundation
Concrete Perimeter and Slab
Style
Traditional
Garage/Parking
Carport, Covered Parking, Off-Street Parking, Garage: 0 Car(s)
High School District
Santa Cruz City High
Sewer
Public Sewer
Water
Public
Zoning
RM
# Buildings | # Leased Units | # Total Units |
---|---|---|
2 | 5 | 5 |
Type | Sq Ft | Beds | Baths | Min Rent | Max Rent | Units Like This |
---|---|---|---|---|---|---|
1 | 770 | 2 | 1/0 | $2,650 | $3,488 | 5 |
816 Riverside Ave is a Residential Income in Santa Cruz, CA 95060. This 4,070 square foot property sits on a – Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $2,585,000 and was built in 1976.
This address can also be written as 816 Riverside Ave, Santa Cruz, CA 95060.©2024 MLSListings Inc. All rights reserved. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Information provided is for personal, non-commercial use by the viewer and may not be redistributed without explicit authorization from MLSListings Inc.
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This listing information is up-to-date as of August 12, 2024. For the most current information, please contact Andy Kay, (831) 239-9002