119 Clay St - Apartments FOR SALE


Santa Cruz, CA 95060- Riverwalk | 
$3,300,000 USD
408-888-9594
119 Clay St, Santa Cruz, CA for Sale
$3,300,000 USD
Apartments - FOR SALE
1/9
null | 5.03% Cap Rate

119 Clay St
Santa Cruz, CA 95060
Riverwalk


HIGHLIGHTS

  • 10-unit multifamily investment opportunity in Santa Cruz, California
  • Centrally located with convenient access to Downtown Santa Cruz, area beaches, the Santa Cruz Beach Boardwalk and UC Santa Cruz
  • Strong local rental fundamentals supported by limited housing supply, high barriers to new development and sustained tenant demand

OVERVIEW

119 Clay Street is a 10-unit apartment property in Santa Cruz listed at $3,300,000, or $330,000 per unit. Situated on a 0.32-acre lot, the property consists of (8) one bedroom and (2) two bedroom apartments. At a current 5.03% cap rate and 12.18 GRM, it offers existing income with room to grow rents. Additional information available upon request.

FOR SALE DETAILS

PRICE

$3,300,000 USD

PRICE/SF

$371 USD /SF

# OF UNITS

10

PRICE/UNIT

$330,000

CAP RATE

5.03%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1964

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.32 AC

LAND SF

13,939 SF

ZONING

N/A

APN/PARCEL ID

007-402-13-000

ASK ABOUT THIS PROPERTY

Mitchell ZurichMarcus & MillichapMore Info
408-888-9594

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Mitchell ZurichMarcus & MillichapMore Info
408-888-9594

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