$2,325,000Sold Price
4,070 Sqft
8,146 Sqft

816 Riverside Avenue, Santa Cruz, CA 95060

  • Commercial Sale Property Type
  • 1976 Year Built
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.

Basic Details
Commercial Sale
Other
Sold
ML81972858
$2,450,000
75
4,070 Sqft
1976
8,146 Sqft
0.19 Acre
Closed
Features
: Electric
: None
Public Sewer
: Refrigerator
: Coin Operated
: Covered
: Composition Shingles
Address Map
CA
Santa Cruz
Santa Cruz
95060
Riverside Avenue
816
W123° 58' 42.7''
N36° 58' 20.4''
RM
Enter off Broadway not Soquel -
Additional Info
eXp Realty of California Inc
Andy Kay
andy@apartmentandy.com
Sold
Public
For Sale
Price History
11/27/2024
$2,325,000
07/11/2024
$2,585,000
$0
Additional Information
4070
Listing Information
2024-11-29T10:14:17Z
BayEast
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    Puja Gupta
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    Seshu Tirumalashetty
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    Mallik@rRealtyplusplus.com (510) 299-6629