160 Park PL
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For Sale

160 Park PL

160 Park PL, SANTA CRUZ, CA 95060

$3,600,000
Meticulously maintained 9 unit property, 160 Park Place is a standout investment opportunity in the heart of Santa Cruz. The building features an ideal floorplan mix with 8 townhome style 1-bedroom/1-bath units with vaulted ceilings, and one studio, attracting a mix of stable, long-term tenants. Additionally, there are nine covered parking spaces and a large storage room with potential for conversion to an on-site income producing laundry area. Recent upgrades include a new roof, updated windows, termite fumigation, new exterior paint, and sewer lateral improvements. Each unit is 100% electric with separate meters, allowing tenants to pay for their own power while the owner covers trash and water as well as hot water through a central gas water heater. Ideally located just minutes from the beach and major commute routes, 160 Park Place enjoys an excellent walkability score. With many long-term tenants in place and an impressive income-to-expense ratio, this property is a robust addition to any investment portfolio. The current insurance partner is ready to provide coverage for the new owner. Complete marketing package, including financials, inspections, and disclosures available. Don't miss this exceptional chance to own a turn key high performing investment property.Est 5.2% CAP

5,681 Sq.Ft. LIVING AREA

4,922.28 Sq.Ft. lot

Daniel Oster

Daniel Oster

Features & Amenities

Area & Lot

  • Status For Sale
  • Living Area5,681 Sq.Ft.
  • Lot Area4,922.28 Sq.Ft.
  • MLS® IDML81979466
  • TypeMulti-Family
  • YEAR BUILT1978
  • NeighborhoodSanta Cruz
  • School DistrictSanta Cruz City High

Exterior

  • water SourcePublic
  • utilitiesNatural Gas Available
  • roofComposition
  • HEAT TYPEElectric
  • SubstructureSlab

Financial

  • Sales Price$3,600,000
  • Zoning Mutlires

Santa Cruz

An ideal climate with endless sunny weather.

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Work With Daniel

I'm focused on offering my expertise as a dedicated guide and consultant. Together, we'll accomplish your real estate goals and have fun doing it!