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Santa Cruz, CA 95062
$4,245,000
Bed
0
Bath
0
Living Space
6,656 SqFt
Year Built
1970
Lot Size
0.69 Acres
Days
16
EXCELLENT OPPORTUNITY WHETHER A DEVELOPER OR AN INVESTOR. 2651-2661 Fresno Street is a rare jewel in the heart of Santa Cruz's coveted 26th Ave neighborhood, just 0.3 miles from the beach & surrounded by the coastal lifestyle that makes this pocket so desirable. For a developer, the opportunity is exceptional: feasibility study recommends redevelopment into 3-story townhomes, w/ Option A identifying a 13-unit townhouse concept utilizing State Density Bonus Laws. While pursuing entitlements, the property offers the rare advantage of in-place income, generating $26,000+ per month from 8 updated, fully leased residential units. For an investor, the existing asset is equally compelling. The upside or future opportunity to secure cash flow & retain the upside to sell, entitle or develop for add'l value. The property has updated kitchens & baths, private fenced-in yards, large common area w/ chairs & fire pit, fresh exterior paint & new landscaping, separate gas & electrical meters, 2 laundry rooms w/ app-operated payment, 8 carports & 10 onsite parking. In a market defined by limited housing supply, strong rental demand & exceptional beach proximity, Fresno Street offers immediate income today w/ a seductive path toward future upside tomorrow. Enjoy!
Listing provided courtesy ofHelen Pastorino License 00612357 Pertria, Chris Crego License 02074134 Pertria
Data provided by MLSListings Inc.
No schools listed for this address on GreatSchools.org.
Within a 1-2 mile radius of the property, several parks are available. These include Frederick Street Park, Garfield Park, and Chestnut Park. Frederick Street Park offers a playground, picnic tables, and colorful murals. Garfield Park features a playground, basketball court, and picnic tables. Chestnut Park provides a playground, picnic tables, and a basketball half-court.
The neighborhood is located in Santa Cruz, CA. Local businesses and dining options are available in the surrounding areas, with a focus on diverse culinary experiences ranging from Italian cuisine to farm-to-fork dining and casual eateries. The community character is described as laid-back and approachable, with a mix of local shops, breweries, and eateries.
This location has a Walk Score of 78 out of 100, indicating it is Very Walkable, meaning most errands can be accomplished on foot. Transit options include bus lines such as the 34 First Street, 33 Belmont, and 22 West Ave/Tulare. A Transit Score is not readily available for this specific address.
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.
No schools listed for this address on GreatSchools.org.
Within a 1-2 mile radius of the property, several parks are available. These include Frederick Street Park, Garfield Park, and Chestnut Park. Frederick Street Park offers a playground, picnic tables, and colorful murals. Garfield Park features a playground, basketball court, and picnic tables. Chestnut Park provides a playground, picnic tables, and a basketball half-court.
The neighborhood is located in Santa Cruz, CA. Local businesses and dining options are available in the surrounding areas, with a focus on diverse culinary experiences ranging from Italian cuisine to farm-to-fork dining and casual eateries. The community character is described as laid-back and approachable, with a mix of local shops, breweries, and eateries.
This location has a Walk Score of 78 out of 100, indicating it is Very Walkable, meaning most errands can be accomplished on foot. Transit options include bus lines such as the 34 First Street, 33 Belmont, and 22 West Ave/Tulare. A Transit Score is not readily available for this specific address.
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.
