Santa Cruz, CA 95060,328 Ocean ST
Santa Cruz, CA 95060,328 Ocean ST
Santa Cruz, CA 95060,328 Ocean ST
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Eric Chu

Eric Chu

+1(650) 922-7449
Listed by Paul Zech • Coldwell Banker Realty
$3,000,000
Est. payment /mo
6,047 SqFt
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UPDATED:

Key Details

Property Type Commercial

Sub Type Five or More Units

Listing Status Active

Purchase Type For Sale

Square Footage 6,047 sqft

Price per Sqft $496

MLS Listing ID ML82030413

Style Ranch

Year Built 1977

Lot Size 0.317 Acres

Property Sub-Type Five or More Units

Property Description

Offered at an attractive 6% cap rate with a proven track record of performance,100% occupied for the past 25 years. This 13-unit apartment property delivers excellent rental history with potential upside through reasonable rent increases. The apartments span two parcels totaling 13,808.52 sq. ft. and include 17 marked parking spaces. Ideally located on a major bus line and just minutes to the Santa Cruz Beach Boardwalk, Municipal Wharf, and downtown Santa Cruz. Convenient access with approximately one mile to Hwy 17 and Hwy 1 (PCH). Additional value may exist through future redevelopment potential, with the possibility to increase height and unit count (buyer to verify). Parcel 1: APN 010-551-29 - 7,797.24 sq. ft. Parcel 2: APN 010-551-30 - 6,011 sq. ft.

Location

State CA

County Santa Cruz

Area East Santa Cruz

Building/Complex Name Castle Court Apartments

Zoning RM

Interior

Heating Other

Cooling None

Exterior

Parking Features Assigned Spaces, Off-Street Parking, Uncovered Parking

Utilities Available Public Utilities

Roof Type Composition

Building

Foundation Concrete Perimeter

Sewer Sewer - Public, Sewer Connected

Water Public

Others

Restrictions Age - No Restrictions

Tax ID 010-551-29-000

Security Features None

Special Listing Condition Not Applicable

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Nearby Schools and Businesses

SCHOOLS PROPERTIES
Elementary Schools 20
  • 9

    Brook Knoll Elementary School

    Public | KG - 5

  • 8

    Westlake Elementary

    Public | KG - 5

  • 8

    Tierra Pacifica Charter

    Public | KG - 8

  • 7

    Live Oak Elementary School

    Public | KG - 5

  • 6

    Del Mar Elementary School

    Public | KG - 5

  • 6

    Green Acres Elementary School

    Public | KG - 5

  • 5

    Bay View Elementary

    Public | KG - 5

  • 5

    De Laveaga Elementary

    Public | KG - 5

  • 5

    Santa Cruz Gardens Elementary

    Public | KG - 5

  • 4

    Alternative Family Education

    Public | KG - 12

  • 1

    Gault Elementary

    Public | KG - 5

  • 1

    Santa Cruz County Special Education

    Public | KG - 12

  • 0

    Gateway School

    Private | KG - 8

  • 0

    Spring Hill-Advanced Elementary School of Santa Cr

    Private | PK - 6

  • 0

    Holy Cross School

    Private | PK - 8

  • 0

    Santa Cruz Childrens School

    Private | KG - 6

  • 0

    Midtown Montessori

    Private | PK - KG

  • 0

    Vhm Christian School

    Private | KG - 8

  • 0

    Santa Cruz City Elementary Alternative Education-Monarch Community School

    Public | KG - 6

  • 0

    Ocean Alternative Education Center

    Public | KG - 8

Middle Schools 8
  • 10

    Pacific Collegiate Charter

    Public | 7 - 12

  • 6

    Mission Hill Middle School

    Public | 6 - 8

  • 5

    Shoreline Middle School

    Public | 6 - 8

  • 5

    Branciforte Middle School

    Public | 6 - 8

  • 0

    Sequoia Academy

    Public | 7 - 12

  • 0

    Georgiana Bruce Kirby Preparatory School

    Private | 6 - 12

  • 0

    Santa Cruz County Court

    Public | 7 - 12

  • 0

    Santa Cruz County Community

    Public | 7 - 12

High Schools 6
  • 8

    Cypress Charter High School

    Public | 9 - 12

  • 8

    Santa Cruz High School

    Public | 9 - 12

  • 7

    Harbor High School

    Public | 9 - 12

  • 2

    Ark Independent Studies

    Public | 9 - 12

  • 0

    Costanoa Continuation High School

    Public | 9 - 12

  • 0

    Santa Cruz County Regional Occupational Program

    Public | 10 - 12

School and business data provided by Attom Data.
Eric Chu
Eric Chu

Agent | License ID: 02039805

+1(650) 922-7449 | eric@keyluxestates.com

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328 Ocean ST