Active

160 Park PL

SANTA CRUZ CA, 95060

$3,600,000


$633.69 per sqft

Active

5,681 sqft

Multi-family

Built in 1978

Listed by Coldwell Banker Realty, Daniel Oster, Listing Contact: 8312525000

Meticulously maintained 9 unit property, 160 Park Place is a standout investment opportunity in the heart of Santa Cruz. The building features an ideal floorplan mix with 8 townhome style 1-bedroom/1-bath units with vaulted ceilings, and one studio, attracting a mix of stable, long-term tenants. Additionally, there are nine covered parking spaces and a large storage room with potential for conversion to an on-site income producing laundry area. Recent upgrades include a new roof, updated windows, termite fumigation, new exterior paint, and sewer lateral improvements. Each unit is 100% electric with separate meters, allowing tenants to pay for their own power while the owner covers trash and water as well as hot water through a central gas water heater. Ideally located just minutes from the beach and major commute routes, 160 Park Place enjoys an excellent walkability score. With many long-term tenants in place and an impressive income-to-expense ratio, this property is a robust addition to any investment portfolio. The current insurance partner is ready to provide coverage for the new owner. Complete marketing package, including financials, inspections, and disclosures available. Don't miss this exceptional chance to own a turn key high performing investment property.Est 5.2% CAP

ML81979466

MLS ID

November 6, 2024

Listed

December 9, 2024

Updated

Map

160 Park PL
SANTA CRUZ CA, 95060

Interior Features

Fireplace

No


Cooling

No


Heating

Yes


Heating Description

Electric

Exterior/Building Features

Lot Size

0.11 Acres


Roof

Composition

School Information

School District

Santa Cruz City Elementary

Other Property Details

Area Name

West Santa Cruz


Garage

No


View

No


County

Santa Cruz


Water Source

Public


Pool

No


Zoning

Mutlires

Listing History

Date

Event

Price

11/26/2024

Price change

$3,600,000

-4%

Listed by Coldwell Banker Realty, Daniel Oster,
Listing Contact: 8312525000 

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Marcus Vidrine shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the MLS Listings, Inc. MLS system. Real estate listings held by brokerage firms other than Marcus Vidrine are marked with the Internet Data Exchange icon (a stylized house inside a circle) and detailed information about them includes the names of the listing brokers and listing agents.

©2024 MLS Listing, Inc. All rights reserved. 2024

Data last updated 2:44 PM UTC, 12/9/2024

 

 

Powered byLuxury Presence