Clay ST, Santa Cruz, CA 95060
- $2,900,000
- 5,756
- SqFt
Listing courtesy of Mitchell Zurich from Marcus & Millichap. 408-888-9594
- List Price
- $2,900,000
- MLS#
- ML82062896
- Status
- ACTIVE
- Property Type
- com
- Sqft. of Residence
- 5,756
- Listing Area
- East Santa Cruz
- Year Built
- 1964
Property Description
$400,000 PRICE REDUCTION! Offered at $2,900,000, 119 Clay Street presents an opportunity to acquire a 10-unit apartment property in Santa Cruz. The property features a desirable unit mix of eight (8) one-bedroom and two (2) two-bedroom apartments, with an in-place 5.88% cap rate and 10.71 GRM. The property offers strong current income with upside potential through future rent growth in Santa Cruz's competitive rental market.
Additional Information
- Age
- 62
- Cooling System
- None
- Foundation
- Concrete Perimeter and Slab
- Garage Parking
- Carport
- Heating System
- Wall Furnace
- Living Area
- 5,756
- County
- Santa Cruz
- Neighborhood
- East Santa Cruz
- Other Utilities
- Individual Electric Meters
- Roof
- Composition
- Sewer
- Sewer Connected
- Special Features
- None
- Unincorporated Yn
- Yes
- Zoning
- RM
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