Santa Cruz, CA 95060,816 Riverside AVE
Santa Cruz, CA 95060,816 Riverside AVE
Santa Cruz, CA 95060,816 Riverside AVE
24
$2,325,000
$2,450,000
5.1%
Est.Price: ?

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8,145 Sqft Lot

816 Riverside AVE Santa Cruz, CA 95060

Est. payment /mo
SOLD DATE : 11/27/2024

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Key Details

Sold Price $2,325,000

Property Type Commercial

Listing Status Sold

Purchase Type For Sale

MLS Listing ID ML81972858

Sold Date 11/27/24

HOA Y/N No

Year Built 1976

Annual Tax Amount $30,625

Lot Size 8,145 Sqft

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.

Location

State CA

County Santa Cruz

Area 699 - Not Defined

Zoning RM

Interior

Heating Electric

Cooling None

Fireplace No

Exterior

Carport Spaces 5

Roof Type Composition

Total Parking Spaces 5

Building

Water Public

Schools

School District Other

Others

Tax ID 00530140

Financing Seller Financing

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Andy Kay • eXp Realty of California Inc
Bought with Kelly Hopkins

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Andy Cleaves

Broker Associate | License ID: 01383386

+1(951) 732-7122

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