Skip To Content

7th Avenue

Santa Cruz, CA 95062
  • $5,399,000
  • STATUS: Active
  • ON SITE: 38 Days
  • ID#: ML81911033
UPDATED: 80 min ago
$5,399,000
  • 15
    BEDS
  • 0.34
    ACRES
  • 13
    BATHS
  • 0
    1/2 BATHS
  • 9,739
    SQFT
  • $554
    $/SQFT
Neighborhood:
Type:
Single-Family Home
Built:
1943
County:

School Ratings & Info

School District:
Listing Agent(s): Willie Eagleton of Coldwell Banker Realty ((831) 688-6461)


Description

ATTENTION INVESTORS - Pro-forma Cap Rate of over 6.4%! Opportunity awaits at Twin Lakes! Enter Harbor Place, an incredible multi-family income property a block and a half from the sand. This unique 13-unit compound consists of eight (8) studio/1bath apartments, three (3) 1bed/1bath units, one (1) 1bed plus bonus room/1bath house, and one (1) 2bed/1bath house. The units are well-maintained and many are nicely updated, with tons of early-1900s charm. The property features calming courtyards, wonderful shared spaces for tenants and guests, bike storage, laundry (extra income), and some private yards. Below-market rents offer HUGE UPSIDE for investors. You and your tenants will LOVE this mid-town banana-belt location. Harbor Place is right in the center of some of Santa Cruz's best shops, restaurants, cafes, and beaches, and next to the fun and outdoor recreation of the Santa Cruz Harbor. Enjoy huge returns for years to come, or keep a unit(s) for your own family/friend Vacation Home.

Monthly Payment Calculator



Based on information from California Regional Multiple Listing Service, Inc. as of 2022-11-29T08:28:20.297. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Mainstreet Realtors®. Licensed in the State of California, USA.
www.mainstreetgroup.com/homes/134154602
Print Image

7th Avenue Santa Cruz, CA 95062

  • Price: $5,399,000
  • Status: Active
  • On Site: 38 Days
  • Updated: 80 min ago
  • ID#: ML81911033
15
Beds
13
Baths
0
½ Baths
0.34
Acres
9,739
SQFT
$554
$/SQFT
1943
Built
Neighborhood:
699 - Not Defined
County:
Santa Cruz
Area:
699 - Not Defined
School District:
Other
Property Description
ATTENTION INVESTORS - Pro-forma Cap Rate of over 6.4%! Opportunity awaits at Twin Lakes! Enter Harbor Place, an incredible multi-family income property a block and a half from the sand. This unique 13-unit compound consists of eight (8) studio/1bath apartments, three (3) 1bed/1bath units, one (1) 1bed plus bonus room/1bath house, and one (1) 2bed/1bath house. The units are well-maintained and many are nicely updated, with tons of early-1900s charm. The property features calming courtyards, wonderful shared spaces for tenants and guests, bike storage, laundry (extra income), and some private yards. Below-market rents offer HUGE UPSIDE for investors. You and your tenants will LOVE this mid-town banana-belt location. Harbor Place is right in the center of some of Santa Cruz's best shops, restaurants, cafes, and beaches, and next to the fun and outdoor recreation of the Santa Cruz Harbor. Enjoy huge returns for years to come, or keep a unit(s) for your own family/friend Vacation Home.
Exterior Features

Attached Garage YN Yes Parking Features Off Street Parking Total 11 Property Attached YN No Roof Composition View Mountain(S)OceanWater View YN Yes

Interior Features

Common Walls No Common Walls Fireplace Features Wood Burning Fireplace YN Yes Heating Wall Furnace Heating YN Yes

Property Features

Association YN No Garage YN Yes Listing Agreement Exclusive Right To Sell New Construction YN No Property Sub Type Single Family Residence Sewer Public Sewer Special Listing Conditions Standard Utilities Other Water Source Public Zoning R-1-3.5



Based on information from California Regional Multiple Listing Service, Inc. as of 2022-11-29T08:28:20.297. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Mainstreet Realtors®. Licensed in the State of California, USA.
 
https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_370333506-1.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_370333506-1.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_370333506-1.jpg
Logo
Mainstreet Realtors®
8577 Haven Ave, Suite 100
Rancho Cucamonga CA, 91730
Listing Agent(s): Willie Eagleton of Coldwell Banker Realty ((831) 688-6461)