1114-1116 Pacific Ave - Apartments FOR SALE


Santa Cruz, CA 95060- Downtown Santa Cruz
$8,195,000 USD
831-464-4700
1114-1116 Pacific Ave, Santa Cruz, CA for Sale
$8,195,000 USD
Apartments - FOR SALE
1/16
null | 5.21% 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 potential upside revenue stream.

FOR SALE DETAILS

PRICE

$8,195,000 USD

PRICE/SF

$353 USD /SF

# OF UNITS

24

PRICE/UNIT

$341,458

CAP RATE

5.21%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Gularte apartment

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.