137 Clay St
Santa Cruz, CA 95060 ·
4 Units · Multifamily For Sale
Classic House +4 Plex
|No. Units||4||Gross Rent Multiplier||12.20|
|Building Size||3,230 SF||No. Stories||2|
|Property Type||Multifamily||Year Built||1970|
|Property Sub-type||Garden/Low-Rise||Lot Size||8,100 SF|
|Property Use Type||Investment||APN / Parcel ID||005-312-10|
|Commission Split||2.5%||Parking Ratio||6 / 1,000 SF|
|Listing ID: 17944856||Date Created: 12/10/2012||Last Updated: 02/18/2015|
Opportunity to buy turnkey 4-plex (new paint, roof, insulation, fixtures) plus classic house, all with great rents. Price includes preliminary plans to expand to 6-8 units in keeping w/multiple new developments nearby: New townhomes across street w/more to come at nearby Unity Temple site, plus the new Warriors Arena are rapidly transforming the neighborhood. Tap into the wave!
The property is located just off Broadway and Ocean streets, close to downtown Santa Cruz and less than one half mile from the Santa Cruz Boardwalk and Main Beach. The neighborhood is rapidly transforming with recent street upgrades and multiple developments including an upscale 16 townhouse subdivision,directly opposite the property.
- Classic House plus Newer Renovated 4-Plex
- Includes Preliminary Plans to Expand to 8 Units
- Walking Distance to Downtown, Close to Transportation
- Rapidly Developing Area of Town
- Income Projections for 8 units Show 6.4% Cap Rate
- Add conversion of existing 1/1 units to 2/1 units for 6.8% Cap Rate
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.