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124-206 1st St
Santa Cruz, CA 95060
Sandcastle Apartments on Beach Hill · Multifamily Property For Sale
·
12 Units
Property Facts
| No. Units | 12 | Lot Size | 0.68 AC |
| Property Type | Multifamily | Building Size | 6,175 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built | 1925 |
| Building Class | C | ||
| Zoning | R3 | ||
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.68 AC |
| Building Size | 6,175 SF |
| No. Stories | 2 |
| Year Built | 1925 |
| Zoning | R3 |
Amenities
Unit Amenities
- Heating
- Ceiling Fans
- Kitchen
- Window Coverings
Site Amenities
- Controlled Access
- Laundry Facilities
- Gated
- Grill
- Sundeck
About 124-206 1ST ST , SANTA CRUZ, CA 95060
Located at 124-206 1st Street in Santa Cruz, Sandcastle Apartments offers an investor the rare opportunity to own a piece of Beach Hill, an always-in-demand area. Built in 1925, Sandcastle Apartments features much of the original charm and architecture, and offers the distinguishing investor the opportunity to acquire a 12-unit property in a historically strong rental market. This gated community includes (8) studio, (3) 1 bedroom/1 bath, and (1) 2 bedroom/1 bath apartments that offer its residents natural light and breathtaking views. Recent improvements to the community include a laundry care center with SMART machines, an inviting ocean view rooftop sundeck with firepit and lounge furniture, BBQ, new exterior doors, exterior paint, landscaping, and locking mailboxes. Renovated units feature new appliances, lighting and ceiling fans, hardware, woodgrain LVT, new miniblind window coverings and interior paint. Subject property is located one block from Santa Cruz Beach Boardwalk & Wharf founded in 1907, California's oldest surviving amusement park and the last remaining seaside amusement park on the West Coast of the United States. Downtown is just minutes away from Downtown Santa Cruz, offering over 100 shopping, dining and entertainment options. Santa Cruz’ recent development plans include a fully entitled mixed-use high-density development downtown at 555 Pacific Avenue which consists of a 4-story building with 94 residential units and 4 commercial units. New to the area is Fairfield Inn & Suites by Marriott. The anticipated development at the site of the historic La Bahia is scheduled to begin this Summer resulting in a 165-room hotel with event/meeting space, two restaurants, pool, spa and 244 on-site parking spaces, just across the street from Sandcastle.
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 8 | $1,861 | 325 - 400 |
| 1+1 | 3 | $2,523 | 400 - 760 |
| 2+1 | 1 | $2,835 | 1,250 |
Property Taxes
| Parcel Numbers | Improvements Assessment | $1,148,329 | |
| Land Assessment | $3,663,714 | Total Assessment | $4,812,043 |
Property Taxes
