321 2nd ST, SANTA CRUZ CA, 95060

Sold

321 2nd ST

SANTA CRUZ CA, 95060

$4,175,000

$705.24 per sqft

Sold

5,920 sqft

Multi-family

Built in 1946

Listed by Coldwell Banker Realty, John Skillicorn, Sean Poudrier Listing Contact: 8318181540

Property is located in the Economic Opportunity Zone. 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. Current rents are below market rates with huge upside potential. 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. Owner willing to carry.

ML81958891

MLSⓇ ID

March 25, 2024

Listed

October 23, 2024

Updated

Map

321 2nd ST
SANTA CRUZ CA, 95060

Interior Features

Laundry Description: Laundry Room
Fireplace: No
Cooling: No
Heating: Yes
Heating Description: Electric

Exterior/Building Features

Lot Size: 0.25 Acres
Sewer: Public Sewer

School Information

School District: Santa Cruz City Elementary

Other Property Details

Area Name: West Santa Cruz
Garage: No
Parking: No Garage, Off Street
Parking Total: 8
View: Yes
View Description: Ocean
County: Santa Cruz
Water Source: Public
Pool: No
Zoning: Apt 11-20 Units

Listing History

Date	Event	Price
7/31/2024	Sold	$4,175,000
5/14/2024	Under contract	—
5/9/2024	Price change	$4,500,000 -8%

Listed by Coldwell Banker Realty, John Skillicorn, Sean Poudrier
Listing Contact: 8318181540

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Shari Silva | CA DRE# 01725425 shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

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Data last updated 5:54 PM UTC, 10/23/2024