121 Sylvar

SANTA CRUZ, CA, 95060

$3,225,000

$546 per ft²
$3,225,000
$546 per ft²
Active
Active
 - For Sale
carpenters-square
5,900 ft²
property_type
Commercial
calendar
Built 1950
Crown Jewell of 5- property multi-residential portfolio. Current ownership has increased NOI significantly to now be at a 5+% Cap Rate on present income/expenses. Still large value-add and upside components here. Fantastic and prime Santa Cruz city location. Walk to downtown, directly across from Mission Plaza and Holly Cross church where Santa Cruz started on a quiet street. The units have been meticulously cared for over the years and still retain their original character. Great unit mix,great location,great value, great opportunity. Portfolio can be bought as a package or individually. Seller reserves right to accept or reject any offers.
MLS® ID:
ML81905506
Updated:
10/1/22

Interior Features

Kitchen Features
Countertop - Tile, Oven Range - Gas
Total Bedrooms
0
Total Bathrooms
0
Laundry Description
Coin Operated
Floor Description
Carpet, Hardwood, Vinyl / Linoleum
Cooling
None
Heating
Wall Furnace

Exterior/Building Features

Lot Size
9,583 ft² lot
Roof
Composition
Sewer
Sewer - Public

Other Property Details

Area Name
43
Garage
Yes
Parking
Carport
View
Y
County
Santa Cruz
Utilities
Individual Electric Meters, Public Utilities
Water Source
Public
Pool
Yes
Zoning
RM

 

Courtesy of Andy Kay, eXp Realty of California Inc

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Data last updated 3:55 AM UTC, 10/1/22

 

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