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$ 3,765,000
Est. payment | /mo
7,295 SqFt
$ 3,765,000
Est. payment | /mo
7,295 SqFt
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 7,295 sqft
Price per Sqft $516
MLS Listing ID ML82053730
HOA Y/N No
Year Built 1977
Lot Size 0.493 Acres
Property Sub-Type Other
Property Description
APTOS INVESTMENT OPPORTUNITY. This fully leased nine-unit multifamily property offers the fundamentals a thoughtful investor looks for: 100% occupancy, strong in-place income, and a desirable coastal location. Generating more than $22,995 in monthly rental income, the property features a proven unit mix of eight two-bedroom residences and one studio apartment, providing stable cash flow and immediate income. Beyond current income, investors can evaluate opportunities through market rent positioning, operating expense review, and net operating income potential, all detailed in the Offering Memorandum. The location is further strengthened by the new pedestrian and bicycle bridge over Highway 1, scheduled for completion in 2026 at the end of Mar Vista Drive, connecting Seacliff and Aptos while improving access to schools, beaches, and community amenities. For the investor seeking stabilized income and long-term ownership in one of Santa Cruz County's desirable coastal communities, this is an opportunity worth serious consideration. Enjoy!
Location
State CA
County Santa Cruz
Zoning RM-3
Interior
Interior Features Smart Thermostat
Heating Natural Gas, Wall Furnace
Cooling None
Fireplace No
Window Features Double Pane Windows
Appliance Refrigerator
Building
Sewer Public Sewer
Water Public
New Construction No
Others
Tax ID 03919110000
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Listed by Helen Pastorino • Pertria
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