24/25 Unit Multi-Family Estate

  • 24 Beds
  • 24 Baths
  • 8422 SqFt.
$ 6,999,999

813 East Cliff Drive, Santa Cruz, CA 95062

Rare opportunity to acquire 24 unity property in coveted Santa Cruz location with tremendous under market assumable financing @3.4% with tremendous uncapture value add potential. Tenants can walk/ride to the ocean, beaches, boardwalk, wharf and downtown Santa Cruz. Commuters right up Ocean St to freeways. There is a clear value add path to increase value by upgrading the remaining units and bringing rents to current proven market rate. Also recent feasibility study shows potential development to add additional units. Offers due on or before Nov. 9th 2022 at 5pm. Seller reserves the right to accept or reject any offers.

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813 East Cliff Drive, Santa Cruz, CA, USA

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