CA > Santa Cruz
Santa Cruz, CA 95060,160 Park PL
Santa Cruz, CA 95060,160 Park PL
Santa Cruz, CA 95060,160 Park PL
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LaKeshia Lindsey

LaKeshia Lindsey

+1(619) 746-0849
$3,600,000
Est. payment /mo
4,922 Sqft Lot
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UPDATED:

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

MLS Listing ID ML81979466

HOA Y/N No

Year Built 1978

Annual Tax Amount $38,535

Lot Size 4,922 Sqft

Property Description

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

Location

State CA

County Santa Cruz

Area 699 - Not Defined

Zoning Mutlires

Interior

Heating Electric

Cooling None

Fireplace No

Exterior

Carport Spaces 9

Utilities Available Natural Gas Available

Roof Type Composition

Building

Water Public

Schools

School District Other

Others

Tax ID 00729229000

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Daniel Oster • Coldwell Banker Realty
agent-avatar

Lakeshia's passion for real estate and her love for California are a perfect match. She has made it her mission to help local residents sell their homes quickly and at the best possible prices. Equally, she takes immense pride in assisting homebuyers in finding their perfect piece of paradise in California. 

+1(619) 746-0849

lakeshiasellsrealestate@gmail.com

USA

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