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1703 E CLIFF DR Santa Cruz CA 95062-3824

APN 010-292-05-000

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Details
Property Type Multifamily
Sub Type Apartment Building
Building SqFt 6,672
Lot SqFt 7,057
Acreage ******
Number of Units 5
Sold Date ******
Sold Price ******
Sold Price/SqFt ******
Zoning Code RM
Year Built 1935
Building Count 1
Opportunity Zone No
Mortgage Amount ******
Mortgage Term ******
Interest Rate ******

Property History

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Property Type
Property Type
Multifamily
Property Subtype
Apartment Building
Asking Details
Asking Price
$6,999,000
Asking Cap Rate
1.98%
Asking NOI
$138,275
Price/Sq Ft
$1,472.23
Price/Unit
$1,399,800
Marketing Description
Spectacular Front Row 4-unit Apartment Building directly overlooking Seabright State Beach aka "Castle Beach.​" Magnificent vistas across Monterey Bay from sunrise to sunset.​ Located in lovely Lower Seabright positioned between the Yacht Harbor and the Beach Boardwalk.​ This is paradise!
Investment Highlights
  • ​Video Link: https://1703eastcliff.com/
  • ​Disclosure Link: https://app.disclosures.io/link/1703-East-Cliff-Drive-14-054kf84w
Property Type
Property Type
Multifamily
Property Subtype
Apartment Building
Marketing Description

Located on a prime beachfront parcel, this quadplex offers an incredible opportunity to enjoy Seabright Beach, eclectic restaurants, and relish the Santa Cruz lifestyle just steps from your front door. The property includes two units upstairs, and two units downstairs for a total of 9 bedrooms, 5 bathrooms, 5 garage spaces, and ~4,750 SqFt of living space. Through the front gate, you are welcomed into an expansive fenced in front yard and deck with multiple seating areas, an outdoor fireplace, and grill. The large, private back yard is also fenced in and presents an array of potential uses. For Bay Area commuters, the property is off the first exit after the "fish hook" so when coming from up north there is minimal traffic. With views spanning from Walton Lighthouse, past the famous Santa Cruz Pier, all the way to Seal Rock and the grand Pacific beyond, this oceanview opportunity is a rare find that presents a multitude of different options for future investment or personal enjoyment.

Loan History

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Financial History

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Tax History

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Contact Information

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Ownership Information

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Property Details

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There are no additional details for this property

Contacts

Listing removed on
 BY:
TA
Tim Allen PRO
LIC: 00891159
•••.•••.0174
team@••••••••••••••••••.com
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