Commercial Sale in Santa Cruz

$11,470,000

21661 Cliff, 95062, Santa Cruz, CA

Commercial Sale for sale in Santa Cruz, 21661 Cliff, 95062

21661 Cliff, 95062, Santa Cruz, CA

$11,470,000

Type: Commercial Sale

Description

This garden-style complex features 31 units across 8 buildings, with a mix of 1- and 2-bedroom, 1-bath units, and studios. The property offers excellent walkability and bike ability, situated in close proximity to area beaches, East Cliff Drive, Santa Cruz Harbor, and Pleasure Point. The owners have recently completed renovations, including repair work, roofing, landscaping, and flooring between turnovers. This presents an ideal opportunity for an owner/user or an investor to acquire a well-located apartment property with income upside potential through unit renovations and allowable rent increases. The property is a short distance from the Santa Cruz Beach Boardwalk, Santa Cruz Wharf, and the renowned Cowells Beach surf spot. It also includes coin-operated laundry on-site and offers great upside potential with the new downtown Santa Cruz renovation and redevelopment projects currently underway.

Location

21661 Cliff, 95062, Santa Cruz, CA

Data

Object TypeCommercial Sale
Purchase Price$11,470,000
Living Space0 m²
Plot Size2573.78 m²
BathroomsN/A
Construction Year1948
ConditionNot specified
RoomsN/A

Energy Information

Heating TypeForced Air, Floor Furnace, Wall Furnace
Primary Energy SourceN/A
Construction Year1948
Energy CertificateN/A
Final Energy DemandN/A
Certificate Valid UntilN/A
Energy Efficiency ClassN/A

Contact Agent

Listing Agent