21661 E Cliff Drive, Santa Cruz, CA 95062

$11,470,000
13,510
SqFt

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List Price
$11,470,000
Status
ACTIVE
MLS#
ML82032603
Year Built
1948
Property Type
Other
Living Area
13,510
Lot Size
27,704
Acres
0.64
County
Santa Cruz
Subdivision
Ca

Property 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.

Additional Information

Flooring
Concrete, Hardwood, Laminate, Tile
Laundry Features
Coin Operated
Lot Description
Level
Parking Features
Covered, Parking Lot, Assigned
Roof
Composition Shingles
View
Marina, Water
Water Sewer
Public

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Calculator source: Real Geeks

Listing courtesy of Anton Lazarenko from eXp Realty of Northern California, Inc.. 650-862-3173

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