2 Locations

Two Contiguous Properties 14 TOTAL RENTAL UNITS: Can also be purchase separately.

328 Ocean St. 13 apartment units and 319 Jessie St (APN 010-551-16): a single family residence 1,475 sq. ft; 3 bed, 2 bath, attached 2 car garage all on 5,009 sq. ft. lot residence both 100% occupied for the last 25 years. Excellent rental income and NOI history. The 13 apartments sit on two parcels favorably Zoned R-M with over 13,808.52 sq. ft; with seventeen parking spaces:he single family home zoned R-L is behind and c contiguous with space to potentially add another unit/duplex. Located on major transportation corridor/bus line. Walk to Santa Cruz Beach Boardwalk, Municipal Wharf and the downtown village of Santa Cruz. One (1) mile to Highway 17 and CA Highway 1 (PCH). These two (2) parcels could be developed to increase height and number of units according to city planning department. 328 Ocean St. parcel one APN 010-551-29 is 7,797.24 sq. ft. Parcel two APN 010-551-30 is 6,011 sq. ft.

"Lower Ocean"neighborhood has and is going through a development renaissance, increasing property values. We have other listings in this neighborhood: 338 Ocean St. zoned R-L a Victorian duplex on 17,076 sq. ft. lot. 433 Ocean St. Commercial corner lot, 80 rooms Hotel Solares, Santa Cruz , Another Iconic and legendary hotel in Santa Cruz County- * call Paul