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The Walker Team

[email protected] +1(650) 383-7298

Listed by Paul Bailey • Bailey Properties

$ 3,600,000

Est. payment -/mo

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Active

1450 Merrill ST Santa Cruz, CA 95062

6 Beds

4 Baths

4,260 SqFt

UPDATED:

Key Details

Property Type Commercial

Sub Type Five or More Units

Listing Status Active

Purchase Type For Sale

Square Footage 4,260 sqft

Price per Sqft $845

MLS Listing ID ML82010023

Style Traditional

Bedrooms 6

Full Baths 4

Year Built 1956

Lot Size 0.298 Acres

Property Sub-Type Five or More Units

Property Description

This well-maintained 9-unit multifamily complex is an excellent cash-flow opportunity to acquire a stable, long-term asset in a desirable coastal market with a strong rental history. Features 3 separate buildings: a front house with #A (2/1) and #B (1/1); a standalone #C (2/1); and a 6-unit apartment building (1/1). Beautifully landscaped with two outdoor areas, on-site parking, and leased, coin-operated laundry. Prime mid-county location - walking distance to the beach and near Pleasure Point surf and Capitola Village. Close to public transit, shops, and restaurants. 5 %+ cap rate based on current performance. Potential for value-added improvements that can increase rental income over time.

Location

State CA

County Santa Cruz

Area Live Oak

Building/Complex Name Sea Downs

Zoning RM-2.5

Rooms

Kitchen Cooktop - Electric, Cooktop - Gas, Countertop - Laminate, Hood Over Range, Oven - Built-In, Oven - Electric, Oven - Gas

Interior

Heating Wall Furnace , Other

Cooling None

Flooring Carpet, Vinyl / Linoleum

Laundry Coin Operated

Exterior

Exterior Feature Balcony / Patio

Parking Features Covered Parking

Community Features Common Utility Room

Utilities Available Public Utilities

View None

Roof Type Rolled Composition,Shingle,Tar and Gravel

Building

Lot Description Grade - Level

Foundation Concrete Slab, Crawl Space

Sewer Sewer - Public

Water Public

Others

Restrictions Age - No Restrictions

Tax ID 027-273-02-000

Miscellaneous None

Security Features None

Special Listing Condition Not Applicable

The Walker Team

Agent | License ID: 01244287

+1(650) 383-7298

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Cupertino, CA

The Walker Team

1450 Merrill ST Santa Cruz, CA 95062

Key Details

Location

Rooms

Interior

Exterior

Building

Others

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1450 Merrill ST