Ocean ST, Santa Cruz, CA 95060
- $2,995,000
- 3,700
- SqFt
Listed by Paul Zech, 831-247-3007 from Coldwell Banker Realty
(If provided) CoList: from
- List Price
- $2,995,000
- MLS#
- ML82057686
- Status
- ACTIVE
- Property Type
- Commercial
- Class
- Five or More Units
- Sqft. of Residence
- 3,700
- City
- Santa Cruz
- Lot Size
- 13,808
- Zip
- 95060
- Sqft. of Residence
- 3,700
- Listing Area
- East Santa Cruz
- Year Built
- 1977
Property Description
Two Contiguous Parcels 13 TOTAL RENTAL UNITS. This property in this location could really be something more/as in more height 3-4 stories, more units, more income, more value. 328 Ocean St. 13 apartment units, 100% occupied for the last 25 years. Excellent rental income and NOI history. The 13 apartments sit on two parcels favorably Zoned R-M with over 13,808.52 sq. ft; with seventeen parking spaces. Located on major transportation corridor/bus line so, parking is not required if future units are added by going up 3-4 stories. Walk to Santa Cruz Beach Boardwalk, Municipal Wharf and the downtown village of Santa Cruz. One (1) mile to Highway 17 and CA Highway 1 (PCH). These two (2) parcels could be developed to increase height and number of units according to city planning department. 328 Ocean St. parcel one APN 010-551-29 is 7,797.24 sq. ft. Parcel two APN 010-551-30 is 6,011 sq. ft. "Lower Ocean"neighborhood has and is going through a development renaissance, increasing property values.
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Additional Information
- Building Name
- Castle Court Apartments
- Cooling System
- None
- Foundation
- Concrete Perimeter
- Garage Parking
- No Garage, Off-Street Parking, On Street, Uncovered Parking
- Heating System
- Electric
- Living Area
- 3,700
- Lot Size
- 13,808
- Neighborhood
- East Santa Cruz
- Other Utilities
- Public Utilities
- Roof
- Composition, Rolled Composition
- Sewer
- Sewer Connected
- Water
- Public
- Zoning
- RM
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