413 2nd St - Apartments FOR SALE


Santa Cruz, CA 95060
$3,750,000 USD
650-688-8533
413 2nd St, Santa Cruz, CA for Sale
$3,750,000 USD
Apartments - FOR SALE
1/17
null | 5.65% Cap Rate

413 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 (Realist*) 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).

FOR SALE DETAILS

PRICE

$3,750,000 USD

PRICE/SF

$949 USD /SF

# OF UNITS

12

PRICE/UNIT

$312,500

CAP RATE

5.65%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Beach Hill Court Apts

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1938

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.29 AC

LAND SF

12,545 SF

ZONING

-

APN/PARCEL ID

007-213-01-000

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.