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171 Marine Parade - Santa Cruz Harbor Multi-Unit Investment 12 Unit Apartment Building Offered at $6,500,000 Santa Cruz, CA 95062

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Executive Summary

First time on the market! A+ location at the Santa Cruz Harbor. This property is in a coveted location and offers 10,098 square feet of space. All 12 units are 2BR/1 bath. Short walk to one of the best beaches in Santa Cruz, Seabright Beach. All units have nice balconies or patios, some with harbor views or peeks of the ocean. The home includes radiant heating. Laundry facilities are available on-site with coin-operated machines. The property falls within the Santa Cruz City Elementary School District. This listing presents a unique investment opportunity in the Santa Cruz area, literally a stone's throw from the harbor.

Property Facts

Price	$6,500,000	Lot Size	0.31 AC
Price Per Unit	$541,667	Building Size	10,098 SF
Sale Type	Investment	No. Stories	3
Gross Rent Multiplier	16.29	Year Built	1972
No. Units	12	Parking Ratio	1.19/1,000 SF
Property Type	Multifamily Multifamily Apartments
Zoning	R-1-5 - Single-Family Residential district with a minimum lot size requirement, commonly 5,000 square feet.

Price	$6,500,000
Price Per Unit	$541,667
Sale Type	Investment
Gross Rent Multiplier	16.29
No. Units	12
Property Type	Multifamily Multifamily Apartments
Lot Size	0.31 AC
Building Size	10,098 SF
No. Stories	3
Year Built	1972
Parking Ratio	1.19/1,000 SF
Zoning	R-1-5 - Single-Family Residential district with a minimum lot size requirement, commonly 5,000 square feet.