Homes for sale - 328 Ocean ST, Santa Cruz, CA 95060

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Doug Goss

dgoss@kw.com +1(408) 234-0417

Listed by Paul Zech • Coldwell Banker Realty

$3,000,000

Est. payment - /mo

6,047 SqFt

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UPDATED:

Key Details

Property Type Commercial

Sub Type Five or More Units

Listing Status Active

Purchase Type For Sale

Square Footage 6,047 sqft

Price per Sqft $496

MLS Listing ID ML82030413

Style Ranch

Year Built 1977

Lot Size 0.317 Acres

Property Sub-Type Five or More Units

Property Description

Offered at an attractive 6% cap rate with a proven track record of performance,100% occupied for the past 25 years. This 13-unit apartment property delivers excellent rental history with potential upside through reasonable rent increases. The apartments span two parcels totaling 13,808.52 sq. ft. and include 17 marked parking spaces. Ideally located on a major bus line and just minutes to the Santa Cruz Beach Boardwalk, Municipal Wharf, and downtown Santa Cruz. Convenient access with approximately one mile to Hwy 17 and Hwy 1 (PCH). Additional value may exist through future redevelopment potential, with the possibility to increase height and unit count (buyer to verify). Parcel 1: APN 010-551-29 - 7,797.24 sq. ft. Parcel 2: APN 010-551-30 - 6,011 sq. ft.

Location

State CA

County Santa Cruz

Area East Santa Cruz

Building/Complex Name Castle Court Apartments

Zoning RM

Interior

Heating Other

Cooling None

Exterior

Parking Features Assigned Spaces, Off-Street Parking, Uncovered Parking

Utilities Available Public Utilities

Roof Type Composition

Building

Foundation Concrete Perimeter

Sewer Sewer - Public, Sewer Connected

Water Public

Others

Restrictions Age - No Restrictions

Tax ID 010-551-29-000

Security Features None

Special Listing Condition Not Applicable

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NEARBY SCHOOL & BUSINESS

SCHOOLS PROPERTIES

Elementary Schools 20

9

Brook Knoll Elementary School

Public | KG - 5
8

Westlake Elementary

Public | KG - 5
8

Tierra Pacifica Charter

Public | KG - 8
7

Live Oak Elementary School

Public | KG - 5
6

Del Mar Elementary School

Public | KG - 5
6

Green Acres Elementary School

Public | KG - 5
5

Bay View Elementary

Public | KG - 5
5

De Laveaga Elementary

Public | KG - 5
5

Santa Cruz Gardens Elementary

Public | KG - 5
4

Alternative Family Education

Public | KG - 12
1

Gault Elementary

Public | KG - 5
1

Santa Cruz County Special Education

Public | KG - 12
0

Gateway School

Private | KG - 8
0

Spring Hill-Advanced Elementary School of Santa Cr

Private | PK - 6
0

Holy Cross School

Private | PK - 8
0

Santa Cruz Childrens School

Private | KG - 6
0

Midtown Montessori

Private | PK - KG
0

Vhm Christian School

Private | KG - 8
0

Santa Cruz City Elementary Alternative Education-Monarch Community School

Public | KG - 6
0

Ocean Alternative Education Center

Public | KG - 8

Middle Schools 8

10

Pacific Collegiate Charter

Public | 7 - 12
6

Mission Hill Middle School

Public | 6 - 8
5

Shoreline Middle School

Public | 6 - 8
5

Branciforte Middle School

Public | 6 - 8
0

Sequoia Academy

Public | 7 - 12
0

Georgiana Bruce Kirby Preparatory School

Private | 6 - 12
0

Santa Cruz County Court

Public | 7 - 12
0

Santa Cruz County Community

Public | 7 - 12

High Schools 6

8

Cypress Charter High School

Public | 9 - 12
8

Santa Cruz High School

Public | 9 - 12
7

Harbor High School

Public | 9 - 12
2

Ark Independent Studies

Public | 9 - 12
0

Costanoa Continuation High School

Public | 9 - 12
0

Santa Cruz County Regional Occupational Program

Public | 10 - 12

School and business data provided by Attom Data.

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Doug Goss

+1(408) 234-0417

Broker Associate | License ID: 01182111

Broker Associate License ID: 01182111

328 Ocean ST Santa Cruz, CA 95060

Doug Goss

Key Details

Location

Interior

Exterior

Building

Others

NEARBY SCHOOL & BUSINESS

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