409 2nd St - Apartments FOR SALE


Santa Cruz, CA 95060
$2,200,000 USD
650-688-8533
409 2nd St, Santa Cruz, CA for Sale
$2,200,000 USD
Apartments - FOR SALE
1/14
null | 4.58% Cap Rate

409 2nd St
Santa Cruz, CA 95060


OVERVIEW

413-417 2nd Street is a gorgeous collection of 12 spanish style cottages. The property includes: (8) 1 Bedroom / 1 Bathroom apartments and (4) Studios. The property features lush landscaping with 8 of the units individually framed not sharing a wall with any neighboring units. Multiple units have new roofs and tankless water heaters. The listed building square footage of 3,952 is incorrect. Independent square footage measurement is 5,680 square feet. Buyer to verify. 413-417 2nd St. shares a property line with 409 2nd St. They are less than ¼ mile to the Beach and Boardwalk (88 Walk Score & 97 Bike Score). Can be purchased seperately or in combination with 409 2nd St. (4 Units) and or 123 Pearl St. (9 Units).

FOR SALE DETAILS

PRICE

$2,200,000 USD

PRICE/SF

$532 USD /SF

# OF UNITS

4

PRICE/UNIT

$550,000

CAP RATE

4.58%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1925

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,403 SF

ZONING

-

APN/PARCEL ID

007-213-02-000

ASK ABOUT THIS PROPERTY

Steve ZirelliARA NewmarkMore Info
650-688-8533

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Steve ZirelliARA NewmarkMore Info
650-688-8533

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