Address
314 Spruce ST SANTA CRUZ, CA
Price
$ 1,799,000
Property Attributes
  • MLS#ML81814393
  • TypeMulti-Family
  • CountySANTA CRUZ
  • CitySANTA CRUZ
  • AreaWest Santa Cruz
  • Zip95060
  • Style
  • Price$ 1,799,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage3168
  • Lot Size6,055 SqFt
Listing Provided Courtesy Of:
Debra Wallace with Karon Properties.
Property Description

Least expensive 5+ unit multifamily on the Westside! This ideally located 7-unit building consists of 6 studios & one 2-BR unit, is situated in close proximity to world-class beaches, Santa Cruz Beach Boardwalk, Santa Cruz Municipal Wharf, West Cliff Drive, Kaiser Permanente Arena & Downtown Santa Cruz. Stable rental history w/extremely low vacancy rates & tremendous rental upside. Separate water, gas & electric meters, nearly unheard of for multifamily investment properties. The well maintained property includes a newer 40-year roof & new sewer line, some newer H20 heaters & low maintenance landscaping. Located in the Santa Cruz Economic Opportunity Zone which may yield a stepped up basis f/capital gains & a permanent exclusion from taxable gains if the property is held for at least 10 years & meets Opportunity Zone requirements. Bring your 1031 Exchange buyers, investors who want stable income & less exposure to the volatility of the stock market & those who seek upside potential.

Price History
10/6/2020 Listed $1,799,000

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 95060

Price
AVG $2.98M
$1.8M
Visits
AVG 13
2
Year Built
AVG 1952
1991

Looking for a more comfortable experience?

Download our mobile app for a personalized browsing experience.