108 Sycamore Street, Santa Cruz, CA, 95060 - Available for Sale

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Downtown Moneymaker 5-Plex

108 Sycamore Street, Santa Cruz, CA 95060

$750,000

5 Units | Multifamily

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Proposed 24 Unit SRO Development

Multifamily Property For Sale

Price:
$750,000
No. Units:
5
Building Size:
2,400 SF
Price/Unit:
$150,000
Property Type:
Multifamily
Property Sub-type:
Garden/Low-Rise
Property Use Type:
Investment
Commission Split:
2.5%
Cap Rate:
5%
Gross Rent Multiplier:
10.60
Occupancy:
100%
No. Stories:
2
Year Built:
1936
Lot Size:
4,835 SF
APN / Parcel ID:
005-172-11
Listing ID
14740852
Last Updated
17 days ago

Find Out More...

Highlights

  • Classic 5-unit Carrier with Stable Tenants
  • Walking distance to Downtown
  • Includes Preliminary Development Plans for 24-unit SRO
  • Excellent Upside Potential
  • Walking Distance to Beach

Description

Calling All Developers!!!

Excellent opportunity to acquire a development project with classic 5-unit carrier bringing in over $65K/year. Includes preliminary plans and application to replace with a 4-story, 24-unit low-income SRO.

See attachments for details.

Located in the emerging corridor between downtown Santa Cruz and the Santa Cruz Municipal Wharf, directly across street from the recently-approved development at 555 Pacific with street level retail, restaurants and residential development a combined 4 stories plus underground parking.

Financial Summary

Unit Mix Information

Debt & Equity Information

  • Actual
  • 2013
  • $70,500
  • $70,500
  • $29,303
  • $41,196
  • $6,788

Map of 108 Sycamore Street, Santa Cruz, CA 95060 (Santa Cruz County)

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Datta Khalsa
Datta Khalsa

Hands-on involvement in all phases of Real Estate Sales & Leasing

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License #01161050

Asking Price Index Trends for Santa Cruz, CA Multifamily For Sale

  Jul 14 vs. 3 mo.
prior
Y-O-Y
-
State
$156,099+4.6%+9.8%

View Santa Cruz Market Trends for other property types for sale or lease. Learn more about the chart info.

Downtown Moneymaker 5-Plex
  • Multifamily
  • $750,000
  • 5 Units
  • 2,400 SF