1703 East Cliff Drive

Santa Cruz, CA 95062

$8,500,000
Price
Beds
4,754 Sq. Ft.
$1,788 / Sq. Ft.
4,754
Sq. Ft.
$1,788
per Sq. Ft.

Description

Premier Beachfront Property on Seabright Beach. Rare Opportunity. Imagine a Unique Family Compound w/Unobstructed Sweeping Views of the Pacific Ocean, Walton Lighthouse, Santa Cruz Wharf, Seal Rock and the Iconic Boardwalk. Truly Memorable Holidays & Summer Time Fun for the Family - Each with Their Own Private Bungalow Unit. With a 7,050+ SF Lot, the Opportunities are Endless: Prized Investment Piece, Larger Development or Build the Ultimate Dream Beach House. Literally Steps Away - Seabright Beach...Premier Beachfront Property on Seabright Beach. Rare Opportunity. Imagine a Unique Family Compound w/Unobstructed Sweeping Views of the Pacific Ocean, Walton Lighthouse, Santa Cruz Wharf, Seal Rock and the Iconic Boardwalk. Truly Memorable Holidays & Summer Time Fun for the Family - Each with Their Own Private Bungalow Unit. With a 7,050+ SF Lot, the Opportunities are Endless: Prized Investment Piece, Larger Development or Build the Ultimate Dream Beach House. Literally Steps Away - Seabright Beach is Your Front Yard. The Current Layout Consists of Two: 2 Beds/1 Bath Units on Ground Floor and Two Units Upstairs with One Unit: 2 Beds/1 Bath; and One Unit: 3 Beds/2 Baths. Approximately 4,750+ SF of Total Living Space. Each Beachy Style Unit is in Fantastic Turnkey Condition w/Updated Appliances, In-Unit Laundry, Ample Cabinets/Storage & Gorgeous Picture Windows Overlooking the Blue Pacific. A Parking Dream w/5 Separate Individual Spaces in the Attached Garage. The Private Fenced Front Yard Delivers an Expansive Deck. Perfect for Sun Soaked Lounging and Hosting Memorable Gatherings. Private Backyard with an Abundance of Space - Could Easily be Repurposed into a Glistening Pool or a Lively Al Fresco Eatery/Bar. A Truly Rare and Amazing Opportunity with this Prime Beachfront Property.
  1. Listed by Andy Sweat • DRE #01974462 • Brokerage DRE #01526679 • KW Bay Area Estates • 408-802-3540

Property Details for 1703 East Cliff Drive

MLS City Name
SANTA CRUZ
Building Type
FOURPLEX
Garage Spaces
5
Parking Spaces
0
View
Ocean
Cross Street
1st Ave

Location

Listing Courtesy of KW Bay Area Estates, Andy Sweat, DRE #01974462
Add your commute
LISTING UPDATED: 05/23/2024 09:38 AM

Property Details for 1703 East Cliff Drive

StatusActive
MLS #ML81958300
Days on Compass24
Taxes$65,450 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeRESIDENTIAL INCOME / Fourplex
Year Built1935
Lot Size0.16 AC / 7,057 SF
CountySanta Cruz County

Location

Listing Courtesy of KW Bay Area Estates, Andy Sweat, DRE #01974462
Add your commute

Virtual Tour

Building Information for 1703 East Cliff Drive

Stories2Residences4Year Built1935Building Size-Lot Size0.16 AC / 7,057 SF

Payment Calculator

$51,842 per month

30 year fixed, 7.25% Interest

Principal and Interest

$46,388

Property Taxes

$5,454

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1703 East Cliff Drive

Features
External Links
Room Information
  • Kitchen: Countertop - Tile, Dishwasher, Garbage Disposal, Microwave, Oven Range, Refrigerator
Features
  • Amenities: Walk-in Closet
  • Fireplace: No
  • Flooring: Hardwood, Laminate, Tile
  • Laundry: Washer / Dryer
  • Living SqFt: 4754
  • Pool: No
  • Security Features: Other
  • Special Features: Parking
Utilities
  • Cooling: None
  • Heating: Forced Air
  • Meters: Master Electric, Master Gas
  • Sewer Septic: Sewer - Public
  • Utilities: Public Utilities
  • Water: Public
Carport and Parking
  • Carport Min: 0
Garage
  • Garage and Parking: Attached Garage
Property Details
Homeowners Association
  • HOA Exists: 0
  • HOA Fee: $0
Property Details
  • Area Text: East Santa Cruz
  • Roof: Composition, Shingle, Other
  • Subclass: Fourplex
  • Year Built Source: Assessor
  • Street Number: 1703
  • Street Name: Cliff
  • Street Direction Prefix: East
  • Street Suffix: Drive
  • Area ID: 42
Lot / Property Details
Building Information
  • Number Of Stories: 2
  • Number of Buildings: 1
  • Structure SqFt: 4754
  • Structure SqFt Source: Assessor
  • Age: 89
Development Information
  • Zoning Detail: RM
Location Information
  • Parcel Number: 010-292-05
  • County Name: Santa Cruz
  • City Name: SANTA CRUZ
  • City Postal ID: 64
  • Postal Code: 95062
  • Elementary School District: 840
  • High School District Text: Santa Cruz City High
Lot Information
  • Foundation: Concrete Perimeter and Slab, Raised
  • Horse Property: No
  • Lot Acres: .16
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Minimum Units: Square Feet
  • Lot Size Source: Assessor
Multi Family Information
Building Information
  • No Of Leased: 2
General Information
  • Annual Tax Amount: $65,450
  • Building Unit Total: 4
  • Capitalization Rate: .98
  • Tenant Expenses: All Expenses
  • Income Includes: Rents
  • Vacancy Factor: 10
Income / Expense Details
  • Expense Insurance: $7,200
  • Expense Landscape: $7,000
  • Expense Maintenance: $6,000
  • Expense Management: $0
  • Expense Trash: $3,600
  • Expenses Other: $0
  • Expenses Utility: $22,000
  • Expenses Total: $111,250
  • Operating Expenses Include: Fee - Property Tax, Maintenance, Services - Gardener, Services - Trash Removal, Utilities - Electric, Utilities - Gas, Utilities - Water, Other
  • Gross Rent Multiplier: 39.35
  • Income Annual Gross: $194,400
  • Income Annual Rental: $216,000
  • Income Gross Scheduled: $216,000
  • Income Other: $0
Unit 1 Information
  • Unit 1 Full Bathrooms: 1
  • Unit 1 Number of Bedrooms: 2
  • Unit 1 Rent: $4,000
Unit 2 Information
  • Unit 2 Full Bathrooms: 1
  • Unit 2 Number of Bedrooms: 2
  • Unit 2 Rent: $4,000
Unit 3 Information
  • Unit 3 Full Bathrooms: 1
  • Unit 3 Number of Bedrooms: 2
  • Unit 3 Rent: $4,000
Unit 4 Information
  • Unit 4 Full Bathrooms: 2
  • Unit 4 Number of Bedrooms: 3
  • Unit 4 Rent: $6,000

Property History for 1703 East Cliff Drive

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1703 East Cliff Drive

Taxable ValueLand$659,876Additions$461,650Total$1,121,526
Tax Record2023$13,018 ($1,085 / month)
Home Facts
Total Finished SqFt4,754 SqFtAbove Grade Finished SqFt4,754 SqFtStories2Lot Size7,057 SqFtStyleMulti-Family Res (5+ Units)Year Built1935CountySANTA CRUZAPN010-292-05

Schools near 1703 East Cliff Drive

This home is within Santa Cruz City High School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Gault Elementary School
PublicK to 5

Mission Hill Middle School
Public6 to 8

Harbor High School
Public9 to 12

Soquel High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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1703 East Cliff Drive is a multi-family home for sale in Santa Cruz, CA 95062. This property was listed for sale on May 23, 2024 by KW Bay Area Estates, it's currently listed at $8,500,000. It has been on the market for a total of 24 days and was last sold on September 7, 2023. This listing's school districts are Santa Cruz City High School District, Santa Cruz City Elementary School District. Nearby schools include Gault Elementary School, Mission Hill Middle School and Harbor High School. 1703 East Cliff Drive is a 0-bed, 0-bath, 4,754 sqft multi-family home built in 1935.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of KW Bay Area Estates, Andy Sweat, DRE #01974462

Based on information from one of the following Multiple Listing Services: San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.