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$ 6,740,000
Est. payment | /mo
0.92 Acres Lot
$ 6,740,000
Est. payment | /mo
0.92 Acres Lot
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID ML82053750
HOA Y/N No
Year Built 1974
Annual Tax Amount $80,614
Lot Size 0.920 Acres
Property Description
A RARE 16-UNIT APTOS INVESTMENT OPPORTUNITY. This 16-unit Aptos multi residential portfolio offers the fundamentals a thoughtful investor looks for: scale, 100% occupancy, strong in-place income, and the advantage of adjacent ownership across three APNs. Comprised of two neighboring income-producing properties, the portfolio generates more than $40,965 in monthly rental income and includes a desirable unit mix of fourteen two-bedroom residences and two studio apartments. The offering provides immediate income, operational efficiency, and future flexibility rarely found in a market with limited multi residential inventory. Beyond current income, the portfolio allows an investor to evaluate upside 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, improving access to schools, beaches, and community amenities. For the investor seeking stabilized income and long-term ownership in one of Santa Cruz Countys desirable communities, this is a portfolio worth serious review. 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 12
Roof Type Composition,Fiberglass,Shingle
Total Parking Spaces 11
Building
Lot Description Paved
Water Public
Schools
Elementary Schools Mar Vista
Middle Schools Other
High Schools Aptos
School District Other
Others
Tax ID 03919117000A
Special Listing Condition Standard
Listed by Helen Pastorino Pertria #00612357
NEARBY SCHOOLS & PROPERTIES
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