321 Second Street
321 Second Street
$4,850,000
—
5,920
5,920
$819
Description
"Prime Investment Opportunity". This 12-unit apartment building has been in the same family for over 40 years. Currently the tenants have month to month leases with rents well below the current market rates. There are 11 one-bedroom apartments and 1 studio apartment, private patio decks, many with ocean views including one with a roof top deck with views of the entire bay. Exterior has been freshly painted and a new roof installed in 2023. Close to all amenities including walking distance to the..."Prime Investment Opportunity". This 12-unit apartment building has been in the same family for over 40 years. Currently the tenants have month to month leases with rents well below the current market rates. There are 11 one-bedroom apartments and 1 studio apartment, private patio decks, many with ocean views including one with a roof top deck with views of the entire bay. Exterior has been freshly painted and a new roof installed in 2023. Close to all amenities including walking distance to the Santa Cruz Boardwalk, beach, wharf, and restaurants. Offering a lucrative opportunity with a possible Pro Forma of 6.4%+ CAP Rate.
- Listed by John Skillicorn • DRE #01875872 • Brokerage DRE #01908304 • Coldwell Banker Realty • 831-818-1540
- Listed by Sean Poudrier • DRE #01932326 • Brokerage DRE #01908304 • Coldwell Banker Realty
Property Details for 321 Second Street
MLS City Name
SANTA CRUZ
Building TypeOther
Complex NameAnchor Apartments Of Santa Cruz
Garage Spaces0
Parking Spaces8
ViewCity, Ocean
Location
LISTING UPDATED: 03/27/2024 11:19 AM
Property Details for 321 Second Street
Status | Active |
---|---|
MLS # | ML81958891 |
Days on Compass | 34 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | 5+ Units / Five or More Units |
Year Built | 1946 |
Lot Size | 0.25 AC / 11,021 SF |
County | Santa Cruz County |
Location
Building Information for 321 Second Street
Stories-Residences-Year Built1946Building Size-Lot Size0.25 AC / 11,021 SF
Payment Calculator
$27,430 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 321 Second Street
Property History for 321 Second 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.
Public Records for 321 Second Street
Taxable ValueLand$339,076Additions$614,226Total$953,302
Tax Record2023$11,546 ($962 / month)
Home Facts
Total Finished SqFt5,920 SqFtAbove Grade Finished SqFt5,920 SqFtStories2Lot Size11,021 SqFtStyleMulti-Family Res (5+ Units)Year Built1946CountySANTA CRUZAPN007-213-04
Schools near 321 Second 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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