Log In/Sign Up
Your email has been sent.
Santa Cruz Harbor Multi-Unit Investment 171 Marine Parade 12 Unit Apartment Building $6,500,000 ($541,667/Unit) 4.72% Cap Rate Santa Cruz, CA 95062
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 INFORMATION:
Rent Range: $2500-$3100
Price per sqft: $643
Annual Gross Income: $399,108
Income Annual Rental: $399,108
Income Gross Scheduled: $399,108
Annual Total Expenses: $92,448
Capitalization Rate: 4.72
Gross Rent Multiplier: 16.29
PROPERTY INFORMATION:
Rent Range: $2500-$3100
Price per sqft: $643
Annual Gross Income: $399,108
Income Annual Rental: $399,108
Income Gross Scheduled: $399,108
Annual Total Expenses: $92,448
Capitalization Rate: 4.72
Gross Rent Multiplier: 16.29
Property Facts
| Price | $6,500,000 | Property Subtype | Apartment |
| Price Per Unit | $541,667 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.31 AC |
| Cap Rate | 4.72% | Building Size | 10,098 SF |
| Gross Rent Multiplier | 16.29 | No. Stories | 3 |
| No. Units | 12 | Year Built | 1972 |
| Property Type | Multifamily | 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. | ||
| Price | $6,500,000 |
| Price Per Unit | $541,667 |
| Sale Type | Investment |
| Cap Rate | 4.72% |
| Gross Rent Multiplier | 16.29 |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | B |
| 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. |
Amenities
Unit Amenities
- Balcony
- Refrigerator
- Oven
- Range
1 1
Fairly walkable
50/100
Very drivable
80/100
Limited public transit
30/100
Very bikeable
80/100
Property Taxes
| Parcel Number | 010-241-40-000 | Improvements Assessment | $335,838 |
| Land Assessment | $73,439 | Total Assessment | $409,277 |
Property Taxes
Parcel Number
010-241-40-000
Land Assessment
$73,439
Improvements Assessment
$335,838
Total Assessment
$409,277
1 of 31
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
Santa Cruz Harbor Multi-Unit Investment | 171 Marine Parade
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.