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Pinnacle Realty Advisors

support@pinnaclera.com +1(972) 338-5441

Listed by Scott C. Poncetta • KW Bay Area Estates

$ 2,495,000

Est. payment -/mo

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238 San Lorenzo BLVD Santa Cruz, CA 95060

8 Beds

4 Baths

4,368 SqFt

UPDATED:

Key Details

Property Type Multi-Family, Commercial

Sub Type Five or More Units

Listing Status Active

Purchase Type For Sale

Square Footage 4,368 sqft

Price per Sqft $571

MLS Listing ID ML82022121

Bedrooms 8

Full Baths 4

Year Built 1964

Lot Size 6,708 Sqft

Property Sub-Type Five or More Units

Source MLSListings, Inc.

Property Description

Assumable Loan at 3.25% for next 2.5 years. High-Quality Investment in a Prime Santa Cruz Location! Ideally situated between the Seabright neighborhood, the Beach Boardwalk, and Downtown Santa Cruz, this property offers an exceptional investment opportunity in one of the areas most desirable rental markets. Featuring five oversized 2-bedroom, 1-bath units, the property boasts excellent rental history with low vacancy, appealing to both long-term tenants and their guests. Each unit offers abundant natural light and functional floor plans, creating a bright and comfortable living environment. Additional highlights include on-site parking for all units, storage units for each unit, and on-site laundry facilities generating additional income. Fantastic location just steps from the Santa Cruz Wharf, world-class surf spots, the Boardwalk, and Downtown amenities.

Location

State CA

County Santa Cruz

Area East Santa Cruz

Zoning Multi Unit

Interior

Heating Wall Furnace

Cooling None

Laundry Coin Operated

Exterior

Parking Features Assigned Spaces, Carport , Drive Through, Off-Street Parking

Utilities Available Individual Electric Meters, Individual Gas Meters, Public Utilities

Roof Type Flat / Low Pitch,Tar and Gravel

Building

Foundation Concrete Slab

Sewer Sewer Connected

Water Public

Others

Tax ID 007-422-11-000

Special Listing Condition Not Applicable