Property Details
About this Property
Presenting an exceptional multifamily investment opportunity situated on an expansive one acre lot located at 1112 Mission Street in Santa Cruz, CA. This rare gem features 15 charming cottage-style residential units, including one studio, thirteen one-bedroom and one two-bedroom single-story cottages. The demand for rental housing in Santa Cruz has never been higher, particularly near UC Santa Cruz, which is just over a mile from this property. With a constant influx of students seeking housing, 1112 Mission Street offers a steady stream of potential tenants, ensuring low vacancy rates and consistent rental income. The city's rental market has tightened significantly since the pandemic, with investors witnessing strong rent growth across the board. This trend has been particularly pronounced in areas near the university, where housing options are limited and competition is fierce. The property's location not only attracts students but also appeals to professionals and families, further broadening the pool of potential tenants.
MLS Listing Information
MLS #
ML81976660
MLS Source
MLSListings, Inc.
Interior Features
Cooling
Other, Window/Wall Unit
Heating
Wall Furnace
Exterior Features
Roof
Composition
Foundation
Concrete Perimeter
Parking, School, and Other Information
Garage/Parking
Carport, Other, Garage: 0 Car(s)
High School District
Santa Cruz City High
Sewer
Other
Water
Public
Zoning
PA
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 10 | 13 | 15 |
| Type | Sq Ft | Beds | Baths | Min Rent | Max Rent | Units Like This |
|---|---|---|---|---|---|---|
| 1 | – | 1 | 1/0 | $2,071 | – | 13 |
| 2 | – | 2 | 1/0 | $2,850 | – | – |
| 3 | – | – | 1/0 | $1,872 | – | – |
Neighborhood: Around This Home
Neighborhood: Local Demographics
1112 Mission St is a Residential Income in Santa Cruz, CA 95060. This 9,144 square foot property sits on a 0.978 Acres Lot and features – bedrooms & – full bathrooms. It is currently priced at $4,400,000 and was built in 1938. This address can also be written as 1112 Mission St, Santa Cruz, CA 95060.
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This listing information is up-to-date as of December 21, 2024. For the most current information, please contact Jimmy Castellanos, (408) 483-5040
