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
241 7th Avenue
Santa Cruz, CA 95062
For Sale · $1,900,000
2,846 SF Building
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