Property Details
About this Property
Meticulously maintained 9 unit property, 160 Park Place is a standout investment opportunity in the heart of Santa Cruz. The building features an ideal floorplan mix with 8 townhome style 1-bedroom/1-bath units with vaulted ceilings, and one studio, attracting a mix of stable, long-term tenants. Additionally, there are nine covered parking spaces and a large storage room with potential for conversion to an on-site income producing laundry area. Recent upgrades include a new roof, updated windows, termite fumigation, new exterior paint, and sewer lateral improvements. Each unit is 100% electric with separate meters, allowing tenants to pay for their own power while the owner covers trash and water as well as hot water through a central gas water heater. Ideally located just minutes from the beach and major commute routes, 160 Park Place enjoys an excellent walkability score. With many long-term tenants in place and an impressive income-to-expense ratio, this property is a robust addition to any investment portfolio. The current insurance partner is ready to provide coverage for the new owner. Complete marketing package, including financials, inspections, and disclosures available. Don't miss this exceptional chance to own a turn key high performing investment property.Est 5.2% CAP
MLS Listing Information
MLS #
ML81979466
MLS Source
MLSListings, Inc.
Days on Site
42
Interior Features
Cooling
None
Heating
Electric
Exterior Features
Roof
Composition
Foundation
Block, Pillar/Post/Pier, Slab
Parking, School, and Other Information
Garage/Parking
Carport, Garage: 0 Car(s)
High School District
Santa Cruz City High
Water
Public
Zoning
Mutlires
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 1 | 7 | 9 |
| Type | Sq Ft | Beds | Baths | Min Rent | Max Rent | Units Like This |
|---|---|---|---|---|---|---|
| 1 | 600 | 1 | 1/0 | $1,800 | $2,695 | 8 |
| 2 | 360 | – | 1/0 | $2,233 | $2,233 | 1 |
Neighborhood: Around This Home
Neighborhood: Local Demographics
Nearby Homes for Sale
160 Park Pl is a Residential Income in Santa Cruz, CA 95060. This 5,681 square foot property sits on a – Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $3,600,000 and was built in 1978. This address can also be written as 160 Park Pl, Santa Cruz, CA 95060.
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This listing information is up-to-date as of December 09, 2024. For the most current information, please contact Daniel Oster, (831) 252-5000
