Homes for sale - 160 Park PL, Santa Cruz, CA 95060

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Doug Goss

dgoss@kw.com +1(408) 234-0417

$3,600,000

Est. payment - /mo

1 Bed

2 Baths

5,681 SqFt

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UPDATED:

12/09/2024 01:09 PM

Key Details

Property Type 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

Year Built 1978

Lot Size 4,922 Sqft

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

Restrictions None

Tax ID 007-292-29-000

Security Features None

Special Listing Condition Not Applicable

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Listed by Daniel Oster • Coldwell Banker Realty

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Doug Goss

+1(408) 234-0417

Broker Associate | License ID: 01182111

Broker Associate License ID: 01182111

160 Park PL Santa Cruz, CA 95060

Doug Goss

Key Details

Location

Interior

Exterior

Building

Others

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