1450 Merrill ST new Save Request In-Person Tour Request Virtual Tour
Santa Cruz,CA 95062
Key Details
Property Type Commercial
Sub Type Five or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 4,260 sqft
Price per Sqft $845
MLS Listing ID ML82010023
Style Traditional
Bedrooms 5
Full Baths 4
Year Built 1956
Lot Size 0.298 Acres
Property Sub-Type Five or More Units
Property Description
This well-maintained 9-unit multifamily complex is an excellent cash-flow opportunity to acquire a stable, long-term asset in a desirable coastal market with a strong rental history. Features 3 separate buildings: a front house with #A (2/1) and #B (1/1); a standalone #C (2/1); and a 6-unit apartment building (1/1). Beautifully landscaped with two outdoor areas, on-site parking, and leased, coin-operated laundry. Prime mid-county location - walking distance to the beach and near Pleasure Point surf and Capitola Village. Close to public transit, shops, and restaurants. 5 %+ cap rate based on current performance. Potential for value-added improvements that can increase rental income over time. Schedule a showing today!
Location
State CA
County Santa Cruz
Area Live Oak
Building/Complex Name Sea Downs
Zoning RM-2.5
Rooms
Kitchen Cooktop - Electric,Countertop - Ceramic,Hood Over Range,Oven - Built-In,Oven - Electric
Interior
Heating Wall Furnace
Cooling None
Flooring Carpet,Vinyl / Linoleum
Laundry Coin Operated
Exterior
Exterior Feature Balcony / Patio
Parking Features Covered Parking
Community Features Common Utility Room
Utilities Available Available - Not On Site
View None
Roof Type Rolled Composition,Tar and Gravel
Building
Lot Description Grade - Level
Foundation Concrete Slab,Crawl Space
Sewer Sewer - Public
Water Public
Others
Restrictions Age - No Restrictions
Tax ID 027-273-02-000
Miscellaneous None
Security Features None
Special Listing Condition Not Applicable