$3,600,000
( $845.07Per Sq Foot )
$19,326 est/mo Sourced by Back At You1450 Merrill Street,Santa Cruz, CA 95062
Santa Cruz, CA 95062
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!
Details
| MLS # | ML82010023 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1956 |
| Days On Site | 14 |
| Listing Provided By | Bailey Properties | Paul Bailey |
Features
| SQ Feet | 4,260 |
|---|---|
| Car Port | Yes |
| Building(s) | 3 |
| Zoning | RM-2.5 |
| Acreage | 0.30 |
Interior
| Cooling | None |
|---|---|
| Heating | Wall Furnace |
| Heating Yes / No | Yes |
| Cooling Yes / No | Yes |
Exterior
| Roof | Shingle, Tar Gravel |
|---|---|
| Lot Features | Level |
Taxes
| Property | 21078 |
|---|
Market Activity 95062
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Learn More About This Property
| State | CA |
|---|---|
| County | Santa Cruz |
| City | Santa Cruz |
| Zip Code | 95062 |
| Area | 699 Not Defined |
| School District | Other |
| Listing VS Median (in 95062) | |
Price: $3,600,000 low | high Med: $2,752,000 SqFt: 4,260 low | high Med: 3,325 $ / SqFt: $845 low | high Med: $869 On site: 14 low | high Med: 560.000000 | |
Listing Updated: June 13, 2025 at 11:00:41 AM PDT