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Listed by David Lyng Real Estate
$ 3,200,000
Est. payment | /mo
5,309 SqFt
$ 3,200,000
Est. payment | /mo
5,309 SqFt
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 5,309 sqft
Price per Sqft $602
MLS Listing ID ML82040171
HOA Y/N No
Year Built 1965
Lot Size 6,882 Sqft
Property Sub-Type Other
Source Datashare MLSListings
Property Description
Coastal living meets strong investment performance in this exceptional 8-unit property just steps from the beach in a highly sought-after Westside neighborhood. Located half a block from iconic W Cliff Dr, this well-maintained building features 8 one-level, 1BR/1BA, separately metered units. Ground floor units enjoy small outdoor spaces ideal for plants or personal touches, while the upper units capture neighborhood and downtown views. Professionally managed, these units are consistently occupied, offering stable cash flow and long-term investment reliability. With consistent demand in this prime coastal location, it presents both immediate income and upside potential. Upgrades and amenities include a new DuroLast roof in 2021, double pane windows, on-site laundry, bike racks and dedicated off-street parking. A high Walk Score gives residents easy access to the Santa Cruz Wharf, vibrant downtown, and nearby public transit. Just a few blocks away, sandy beaches and world-class surfing at Steamer Lane offers the perfect coastal escape if you choose to keep one unit for yourself. Multi-unit properties like this rarely come to market, making this one a unique opportunity to acquire a prime asset in one of Santa Cruz's most desirable locations. Photos are when units were vacant.
Location
State CA
County Santa Cruz
Interior
Heating Wall Furnace
Cooling Ceiling Fan(s)
Flooring Laminate
Fireplace No
Window Features Double Pane Windows
Appliance Refrigerator
Laundry Coin Operated
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