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Jamie Larkin

jamie@theownteam.com +1(650) 556-4355

Listed by Mitchell Zurich • Marcus & Millichap, DRE#01870648

$ 2,900,000

Est. payment | -/mo

3 Beds

2 Baths

5,756 SqFt

Save

$ 2,900,000

Est. payment | -/mo

Save

3 Beds

2 Baths

5,756 SqFt

Key Details

Property Type Commercial

Sub Type Five or More Units

Listing Status Active

Purchase Type For Sale

Square Footage 5,756 sqft

Price per Sqft $503

MLS Listing ID ML82062896

Bedrooms 3

Full Baths 2

Year Built 1964

Lot Size 0.321 Acres

Property Sub-Type Five or More Units

Property Description

$400,000 PRICE REDUCTION! Offered at $2,900,000, 119 Clay Street presents an opportunity to acquire a 10-unit apartment property in Santa Cruz. The property features a desirable unit mix of eight (8) one-bedroom and two (2) two-bedroom apartments, with an in-place 5.88% cap rate and 10.71 GRM. The property offers strong current income with upside potential through future rent growth in Santa Cruz's competitive rental market.

Location

State CA

County Santa Cruz

Area East Santa Cruz

Zoning RM

Interior

Heating Wall Furnace

Cooling None

Exterior

Parking Features Carport

Utilities Available Individual Electric Meters

Roof Type Composition

Building

Foundation Concrete Perimeter and Slab

Sewer Sewer Connected

Water Water On Site

Others

Restrictions None

Tax ID 007-402-13-000

Security Features None

Special Listing Condition Not Applicable

Nearby School & Business

+1(650) 556-4355

jamie@theownteam.com

1651 El Camino Real, Millbrae, CA 94030, USA

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Clay ST Santa Cruz, CA 95060