108 Sycamore Street
Santa Cruz, CA 95060 ·
5 Units · Multifamily For Sale
Downtown Moneymaker 5-Plex
|No. Units||5||Gross Rent Multiplier||9.70|
|Building Size||2,400 SF||No. Stories||2|
|Property Type||Multifamily||Year Built||1936|
|Property Sub-type||Garden/Low-Rise||Lot Size||4,835 SF|
|Property Use Type||Investment||APN / Parcel ID||005-172-11|
|Listing ID: 14740852||Date Created: 08/08/2006||Last Updated: 11/17/2015|
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 with a retail component plus parking for 12 cars at street level.
Additional options for development that are listed as primary uses under the existing Zoning for the property include a Micro Hotel or Senior Housing.
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.
- 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
Not exactly what you're looking for? Start a new custom search to find the perfect property
The LoopNet service and information provided therein, while believed to be accurate, are provided "as is". LoopNet disclaims any and all representations, warranties, or guarantees of any kind.