1450 Merrill ST new Save Request In-Person Tour Request Virtual Tour
Santa Cruz,CA 95062
Key Details
Property Type Multi-Family, Commercial
Sub Type Five or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 4,260 sqft
Price per Sqft $845
MLS Listing ID ML82010023
Style Traditional
Bedrooms 6
Full Baths 4
Year Built 1956
Lot Size 0.298 Acres
Property Sub-Type Five or More Units
Source MLSListings, Inc.
Property Description
This well-maintained 9-unit multifamily complex is an excellent cash-flow opportunity to acquire a stable, long-term asset in a desirable coastal market with a strong rental history. Features 3 separate buildings: a front house with #A (2/1) and #B (1/1); a standalone #C (2/1); and a 6-unit apartment building (1/1). Beautifully landscaped with two outdoor areas, on-site parking, and leased, coin-operated laundry. Prime mid-county location - walking distance to the beach and near Pleasure Point surf and Capitola Village. Close to public transit, shops, and restaurants. 5 %+ cap rate based on current performance. Potential for value-added improvements that can increase rental income over time. Schedule a showing today!
Location
State CA
County Santa Cruz
Area Live Oak
Zoning RM-2.5
Rooms
Kitchen Cooktop - Electric,Cooktop - Gas,Countertop - Laminate,Hood Over Range,Oven - Built-In,Oven - Electric,Oven - Gas
Interior
Heating Wall Furnace ,Other
Cooling None
Flooring Carpet,Vinyl / Linoleum
Laundry Coin Operated
Exterior
Parking Features Covered Parking
Garage Spaces 6.0
Utilities Available Public Utilities
View None
Roof Type Rolled Composition,Shingle,Tar and Gravel
Building
Lot Description Grade - Level
Foundation Concrete Slab,Crawl Space
Sewer Sewer - Public
Water Public
Architectural Style Traditional
Others
Tax ID 027-273-02-000
Special Listing Condition Not Applicable