314 Spruce Street
314 Spruce Street
$1,549,000
—
3,168
3,168
$489
Sold 12/31/20
Description
Least expensive 5+ unit multifamily on the Westside! This ideally located 7-unit building consists of 6 studios & one 2-BR unit, is situated in close proximity to world-class beaches, Santa Cruz Beach Boardwalk, Santa Cruz Municipal Wharf, West Cliff Drive, Kaiser Permanente Arena & Downtown Santa Cruz. Stable rental history w/extremely low vacancy rates & tremendous rental upside. Separate water, gas & electric meters, nearly unheard of for multifamily investment properties. The well maintained...Least expensive 5+ unit multifamily on the Westside! This ideally located 7-unit building consists of 6 studios & one 2-BR unit, is situated in close proximity to world-class beaches, Santa Cruz Beach Boardwalk, Santa Cruz Municipal Wharf, West Cliff Drive, Kaiser Permanente Arena & Downtown Santa Cruz. Stable rental history w/extremely low vacancy rates & tremendous rental upside. Separate water, gas & electric meters, nearly unheard of for multifamily investment properties. The well maintained property includes a newer 40-year roof & new sewer line, some newer H20 heaters & low maintenance landscaping. Located in the Santa Cruz Economic Opportunity Zone which may yield a stepped up basis f/capital gains & a permanent exclusion from taxable gains if the property is held for at least 10 years & meets Opportunity Zone requirements. Bring your 1031 Exchange buyers, investors who want stable income & less exposure to the volatility of the stock market & those who seek upside potential.
- Listed by Debra Wallace • DRE #01355665 • Karon Properties
- Listed by Eli Karon • DRE #01732369 • Karon Properties
Property Details for 314 Spruce Street
MLS City Name
SANTA CRUZ
Building TypeOther
Garage Spaces0
Parking Spaces0
Cross StreetPacific Avenue
Location
LISTING UPDATED: 12/31/2020 11:23 AM
Property Details for 314 Spruce Street
Status | Sold |
---|---|
MLS # | ML81814393 |
Days on Compass | 67 |
Taxes | $25,938 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | COMM RI MULTI-UNITS 5+ / Other |
Year Built | 1991 |
Lot Size | 0.14 AC / 6,055 SF |
County | Santa Cruz County |
Location
Building Information for 314 Spruce Street
Stories-Residences-Year Built1991Building Size-Lot Size0.14 AC / 6,055 SF
Payment Calculator
$10,615 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 314 Spruce Street
Property History for 314 Spruce Street
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Schools near 314 Spruce Street
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 |
---|---|---|
Bay View Elementary School PublicK to 5 | ||
Mission Hill Middle School Public6 to 8 | ||
Harbor High School Public9 to 12 | ||
Santa Cruz 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.
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