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$ 3,765,000
Est. payment | /mo
0.49 Acres Lot
$ 3,765,000
Est. payment | /mo
0.49 Acres Lot
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID ML82053730
HOA Y/N No
Year Built 1977
Annual Tax Amount $37,527
Lot Size 0.493 Acres
Property Description
APTOS INVESTMENT OPPORTUNITY. This fully leased nine-unit multifamily property offers the fundamentals a thoughtful investor looks for: 100% occupancy, strong in-place income, and a desirable coastal location. Generating more thanÃÂ $22,995 in monthly rental income, the property features a proven unit mix of eight two-bedroom residences and one studio apartment, providing stable cash flow and immediate income. Beyond current income, investors can evaluate opportunities through market rent positioning, operating expense review, and net operating income potential, all detailed in the Offering Memorandum. The location is further strengthened by the new pedestrian and bicycle bridge over Highway 1, scheduled for completion in 2026 at the end of Mar Vista Drive, connecting Seacliff and Aptos while improving access to schools, beaches, and community amenities. For the investor seeking stabilized income and long-term ownership in one of Santa Cruz County's desirable coastal communities, this is an opportunity worth serious consideration. Enjoy!
Location
State CA
County Santa Cruz
Area 699 - Not Defined
Zoning RM-3
Interior
Heating Wall Furnace
Cooling None
Fireplace No
Exterior
Carport Spaces 5
Roof Type Composition,Fiberglass,Shingle
Total Parking Spaces 7
Building
Lot Description Paved
Water Public
Schools
Elementary Schools Mar Vista
Middle Schools Other
High Schools Aptos
School District Other
Others
Tax ID 03919110000
Special Listing Condition Standard
Listed by Helen Pastorino Pertria #00612357
“My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! ”
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