21661 E Cliff Drive, Santa Cruz, CA 95062
List Price: $11.47M
Listing Status: Active
0Days on Market: 97
0 Bedrooms · 0 Bathrooms
Property Type: CommercialSale
Year Built: 1948
Lot Size: 27,704 sq ft
Annual Property Tax: $124,966
MLS Number: ML82032603
About This Property
This garden-style complex features 31 units across 8 buildings, with a mix of 1- and 2-bedroom,1-bath units, and studios. The property offers excellent walkability and bike ability, situated in close proximity to area beaches, East Cliff Drive, Santa Cruz Harbor, and Pleasure Point. The owners have recently completed renovations, including repair work, roofing, landscaping, and flooring between turnovers. This presents an ideal opportunity for an owner/user or an investor to acquire a well-located apartment property with income upside potential through unit renovations and allowable rent increases. The property is a short distance from the Santa Cruz Beach Boardwalk, Santa Cruz Wharf, and the renowned Cowells Beach surf spot. It also includes coin-operated laundry on-site and offers great upside potential with the new downtown Santa Cruz renovation and redevelopment projects currently underway.
Listing provided by: Anton Lazarenko DRE #02177813 (888) 832-7179 anton.lazarenko@gmail.com, eXp Realty of Northern California, Inc.
Source: CRMLS, MLS #: ML82032603
Belmont Brokerage Inc. (DRE #02431308) is not the listing office for this property. We provide buyer representation and consultation. Any “Schedule a Tour” or “Contact” form on this page contacts a Belmont Brokerage agent — not the listing agent above.