1114-1116 Pacific Ave - Apartments FOR SALE


Santa Cruz, CA 95060- Downtown Santa Cruz
$7,995,000 USD
831-464-4700
1114-1116 Pacific Ave, Santa Cruz, CA for Sale
$7,995,000 USD
Apartments - FOR SALE
1/16
null | 5.34% Cap Rate

1114-1116 Pacific Ave
Santa Cruz, CA 95060
Downtown Santa Cruz


HIGHLIGHTS

  • Desirable Downtown Santa Cruz location.
  • Ground floor leased to well established tenant.
  • 24 upstairs, high demand, studio apartments

OVERVIEW

Mixed use investment opportunity in Downtown Santa Cruz. Four-story building featuring ground floor retail/restaurant leased to well established Tenant (Pizza My Heart)and 24 studio apartments situated on the upper floors. Completely rebuilt after the 1989 earthquake in 1993, this property offers a good revenue stream with upside on the existing rents.

FOR SALE DETAILS

PRICE

$7,995,000 USD

PRICE/SF

$344 USD /SF

# OF UNITS

24

PRICE/UNIT

$333,125

CAP RATE

5.34%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Gularte Building

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1993

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,534 SF

ZONING

CBD

APN/PARCEL ID

005-153-22-000

ASK ABOUT THIS PROPERTY

Russell GrossRussell E Gross Real Estate, Inc.More Info
831-464-4700

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Russell GrossRussell E Gross Real Estate, Inc.More Info
831-464-4700

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.