See all 43 photos

$3,600,000

Est. payment - /mo

Save

1 BD

2 BA

5,681 SqFt

Price Dropped by $150K

160 Park PL Santa Cruz, CA 95060

Save

REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.

In-PersonVirtual Tour

Tue

Feb

Wed

Feb

Thu

Feb

Xavier Williams

[email protected] +1(408) 774-4300

UPDATED:

12/09/2024 01:09 PM

Key Details

Property Type Multi-Family, Commercial

Sub Type Five or More Units

Listing Status Active

Purchase Type For Sale

Square Footage 5,681 sqft

Price per Sqft $633

MLS Listing ID ML81979466

Bedrooms 1

Full Baths 2

Originating Board MLSListings, Inc.

Year Built 1978

Lot Size 4,922 Sqft

Property Sub-Type Five or More Units

Property Description

Meticulously maintained 9 unit property, 160 Park Place is a standout investment opportunity in the heart of Santa Cruz. The building features an ideal floorplan mix with 8 townhome style 1-bedroom/1-bath units with vaulted ceilings, and one studio, attracting a mix of stable, long-term tenants. Additionally, there are nine covered parking spaces and a large storage room with potential for conversion to an on-site income producing laundry area. Recent upgrades include a new roof, updated windows, termite fumigation, new exterior paint, and sewer lateral improvements. Each unit is 100% electric with separate meters, allowing tenants to pay for their own power while the owner covers trash and water as well as hot water through a central gas water heater. Ideally located just minutes from the beach and major commute routes, 160 Park Place enjoys an excellent walkability score. With many long-term tenants in place and an impressive income-to-expense ratio, this property is a robust addition to any investment portfolio. The current insurance partner is ready to provide coverage for the new owner. Complete marketing package, including financials, inspections, and disclosures available. Don't miss this exceptional chance to own a turn key high performing investment property.Est 5.2% CAP

Location

State CA

County Santa Cruz

Area West Santa Cruz

Zoning Mutlires

Interior

Heating Electric

Cooling None

Exterior

Parking Features Carport

Utilities Available Individual Electric Meters, Natural Gas, Public Utilities

Roof Type Composition

Building

Foundation Concrete Block, Concrete Slab, Pillars / Posts / Piers

Sewer Sewer Connected

Water Public

Others

Tax ID 007-292-29-000

Special Listing Condition Not Applicable

Listed by Daniel Oster • Coldwell Banker Realty

MORTGAGE CALCULATOR

Mortgage values are calculated by Lofty and are for illustration purposes only, accuracy is not guaranteed.

"It's your money, and you're going to be making the payments on your new home (not me). Let's take the time to find the right fit, for you, at your pace! "

+1(408) 774-4300

[email protected]

5450 Thornwood Dr Ste F, San Jose, California, 95123, USA