2735 Soquel Ave - Apartments FOR SALE


Santa Cruz, CA 95062
$2,999,999 USD
831-440-7876
2735 Soquel Ave, Santa Cruz, CA for Sale
$2,999,999 USD
Apartments - FOR SALE
1/4
null | 4% Cap Rate

2735 Soquel Ave
Santa Cruz, CA 95062


OVERVIEW

First time on the market in over 30 years! Located in the central Live Oak neighborhood, this rare residential income property is nearly a half-acre parcel with C-4 zoning, consisting of a 2-story 9-unit apartment building, a single family home, and a separate duplex facing Soquel Avenue. Situated on a main bus route, close proximity to Highway 1 for easy commuting, with over 15 parking spaces. Opportunities abound for commercial developers, investors looking to grow their portfolio, or a homeowner looking to live in one of the homes while generating strong income from the others!

FOR SALE DETAILS

PRICE

$2,999,999 USD

PRICE/SF

$538 USD /SF

# OF UNITS

12

PRICE/UNIT

$250,000

CAP RATE

4%

% LEASED

90%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1900

PARKING SPACES

15

LAND DETAILS

LAND ACRES

0.4 AC

LAND SF

17,424 SF

ZONING

C-4

APN/PARCEL ID

025-131-19-000

ASK ABOUT THIS PROPERTY

Sage GoncharoffBailey PropertiesMore Info
831-440-7876

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Sage GoncharoffBailey PropertiesMore Info
831-440-7876

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.