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Santa Cruz, CA 95060
$4,100,000
Bed
0
Bath
0
Living Space
6,047 SqFt
Year Built
1977
Lot Size
0.32 Acres
Days
22
5.1 Cap Rate: Two rental properties total 14 units. This listing and its income/expenses include 319 Jessies St; a 3 bed, 2 bath 1,475 sq. ft. attached 2 car garage located directly behind 328 Ocean St. Offered with a proven track record of performance,100% occupied for the past 25 years. These combined 14-units deliver an excellent 25 year rental history with potential upside through reasonable rent increases. The apartments span two parcels totaling 13,808.52 sq. ft. and include 17 marked parking spaces. Ideally located on a major bus line and just minutes to the Santa Cruz Beach Boardwalk, Municipal Wharf, and downtown Santa Cruz. Convenient access with approximately one mile to Hwy 17 and Hwy 1 (PCH). Additional value may exist through future redevelopment potential, with the possibility to increase height and unit count (buyer to verify). Parcel 1: APN 010-551-29 - 7,797.24 sq. ft. Parcel 2: APN 010-551-30 - 6,011 sq. ft. Both parcels do have strong future increased unit density development allowed by city (buyer to confirm w/ their plans) both properties can be purchase separately. Currently all tenants are on month to month rental agreements.
Listing provided courtesy ofPaul Zech License 01965059 Coldwell Banker Realty
Data provided by MLSListings Inc.
- Gault Elementary School (Elementary) - GreatSchools rating 5/10 - Shoreline Middle School (Middle) - GreatSchools rating 5/10 - Santa Cruz High School (High) - GreatSchools rating 8/10 School District: Santa Cruz City Elementary School District
Within a 1-2 mile radius of the property, several parks are available. Ocean View Park offers a basketball court, playground, picnic tables, and an off-leash dog area with views of the Boardwalk and Monterey Bay. Frederick Street Park features a playground, skate bowl, volleyball, picnic areas, and ocean views. Beach Flats Park provides a playground and picnic tables.
The neighborhood near Ocean Street in Santa Cruz is part of the vibrant city known for its coastal charm, quirky atmosphere, and natural beauty. Local businesses and dining options are plentiful, with a focus on fresh, local ingredients. The area offers a lively atmosphere with a mix of residential and commercial spaces.
The area around Ocean Street in Santa Cruz has a Walk Score of 92 out of 100, indicating it is a "Walker's Paradise" where daily errands do not require a car. The Transit Score is 50, signifying good transit with many nearby public transportation options. Verified transit routes include the 2 Capitola/Cabrillo/Main, 90X Express, 35 Highway 9/Scotts Valley, 17 Highway 17 Express, 1 Soquel/Cabrillo/Airport, and 4 River/Harvey West/Emeline.
This neighborhood information is AI-generated based on the property address and publicly available data. Please verify important information independently. Do not rely solely on this information for property decisions. RoostHaven makes no warranties and assumes no liability for the accuracy or completeness of AI-generated information. School boundaries, ratings, and local amenities may change over time.
- Gault Elementary School (Elementary) - GreatSchools rating 5/10 - Shoreline Middle School (Middle) - GreatSchools rating 5/10 - Santa Cruz High School (High) - GreatSchools rating 8/10 School District: Santa Cruz City Elementary School District
Within a 1-2 mile radius of the property, several parks are available. Ocean View Park offers a basketball court, playground, picnic tables, and an off-leash dog area with views of the Boardwalk and Monterey Bay. Frederick Street Park features a playground, skate bowl, volleyball, picnic areas, and ocean views. Beach Flats Park provides a playground and picnic tables.
The neighborhood near Ocean Street in Santa Cruz is part of the vibrant city known for its coastal charm, quirky atmosphere, and natural beauty. Local businesses and dining options are plentiful, with a focus on fresh, local ingredients. The area offers a lively atmosphere with a mix of residential and commercial spaces.
The area around Ocean Street in Santa Cruz has a Walk Score of 92 out of 100, indicating it is a "Walker's Paradise" where daily errands do not require a car. The Transit Score is 50, signifying good transit with many nearby public transportation options. Verified transit routes include the 2 Capitola/Cabrillo/Main, 90X Express, 35 Highway 9/Scotts Valley, 17 Highway 17 Express, 1 Soquel/Cabrillo/Airport, and 4 River/Harvey West/Emeline.
This neighborhood information is AI-generated based on the property address and publicly available data. Please verify important information independently. Do not rely solely on this information for property decisions. RoostHaven makes no warranties and assumes no liability for the accuracy or completeness of AI-generated information. School boundaries, ratings, and local amenities may change over time.
