234 High St - Apartments FOR SALE


Santa Cruz, CA 95060- Westside
$3,200,000 USD
650-208-5282
234 High St, Santa Cruz, CA for Sale
$3,200,000 USD
Apartments - FOR SALE
1/3
null | 5.29% Cap Rate

234 High St
Santa Cruz, CA 95060
Westside


HIGHLIGHTS

  • 10 Unit Multifamily Property in Santa Cruz
  • Excellent Westside Santa Cruz Location Near Downtown
  • Strong In-Place Income with Rental Upside
  • Unit Mix: 8 One-Bedroom Units, 1 Studio, 1 Two-Bedroom
  • Close to UC Santa Cruz, Beaches, and Shopping
  • Opportunity for Value-Add Through Rent Increases

OVERVIEW

10-unit multifamily investment opportunity located at 234 High Street in Santa Cruz, California. The property is offered at $3,200,000 and consists of a mix of studio, one-bedroom, and two-bedroom units. The property is currently fully occupied and offers significant upside potential through rental increases to market rents. Located in Westside Santa Cruz near Downtown Santa Cruz, UC Santa Cruz, and major retail centers. This offering provides investors the opportunity to acquire a well-located multifamily asset in a high-demand rental market with strong long-term appreciation potential.

FOR SALE DETAILS

PRICE

$3,200,000 USD

PRICE/SF

$358 USD /SF

# OF UNITS

10

PRICE/UNIT

$320,000

CAP RATE

5.29%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1944

PARKING SPACES

7

LAND DETAILS

LAND ACRES

0.48 AC

LAND SF

20,909 SF

ZONING

RM

APN/PARCEL ID

001-111-07-000

ASK ABOUT THIS PROPERTY

Joshua JohnsonMarcus & MillichapMore Info
650-208-5282

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Joshua JohnsonMarcus & MillichapMore Info
650-208-5282

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