Skip To Content
    Return to Previous Page

    120-124 Hiawatha Avenue

    Santa Cruz, CA 95062
    • $5,690,000
    • STATUS: Active
    • ON SITE: 97 days
    • ID#: ML81802282
    UPDATED: 66 min ago
    $5,690,000
    • 0
      BEDS
    • 0.67
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Type:
    Multi-Family
    Built:
    1947
    County:

    School Ratings & Info

    Description

    Property offers an owner-occupant/investor rare opportunity to acquire a single parcel approx 2/3 of an acre w/two buildings, in a historically strong rental market with low vacancy levels. Makena Court is a community of (14) 1 bed/1 bath units most w/ private gated patios, onsite laundry and onsite parking. Recent improvements include: 6 fully renovated units, New exterior paint, New garage door (120/124) New patio fences for patio apartments, new exterior doors for all apartments and house, major repairs to parking lot & restripe, upgraded low-mtc landscaping, completion of sewer lateral inspection & repairs. Makena House is a 3BR/2BA SFR & shows beautifully w/updated kitchen (stainless steel appliances), new lighting & flooring throughout, new interior paint, doors, hardware, bedroom ceiling fans, dedicated laundry room w/washer/dryer, private garage & large outdoor deck. Minutes from Seabright State Beach, Santa Cruz Boardwalk, the Wharf, Santa Cruz Harbor and Capitola.

    Monthly Payment Calculator



    Bay East ©2020. CCAR ©2020. bridgeMLS ©2020. Information Deemed Reliable But Not Guaranteed. This information is being provided by the Bay East MLS, or CCAR MLS, or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website. This information is intended for the personal use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated at 2020-10-28T20:42:03.97.

    www.lucasgphomes.com/homes/108127736
    Print Image

    120-124 Hiawatha Avenue Santa Cruz, CA 95062

    • Price: $5,690,000
    • Status: Active
    • Updated: 66 min ago
    • ID#: ML81802282
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.67
    Acres
    1947
    Built
    Neighborhood:
    All Other Counties/States
    County:
    Santa Cruz
    Area:
    All Other Counties/States
    Property Description
    Property offers an owner-occupant/investor rare opportunity to acquire a single parcel approx 2/3 of an acre w/two buildings, in a historically strong rental market with low vacancy levels. Makena Court is a community of (14) 1 bed/1 bath units most w/ private gated patios, onsite laundry and onsite parking. Recent improvements include: 6 fully renovated units, New exterior paint, New garage door (120/124) New patio fences for patio apartments, new exterior doors for all apartments and house, major repairs to parking lot & restripe, upgraded low-mtc landscaping, completion of sewer lateral inspection & repairs. Makena House is a 3BR/2BA SFR & shows beautifully w/updated kitchen (stainless steel appliances), new lighting & flooring throughout, new interior paint, doors, hardware, bedroom ceiling fans, dedicated laundry room w/washer/dryer, private garage & large outdoor deck. Minutes from Seabright State Beach, Santa Cruz Boardwalk, the Wharf, Santa Cruz Harbor and Capitola.
    Exterior Features

    Parking Spaces Total 14 Roof Rolled Composition

    Interior Features

    All Units Have Refrigerator Apx Sq Ft Unit1 432 Apx Sq Ft Unit2 1555 Bedrooms Unit1 1 Bedrooms Unit2 3 Cooling None Heating Gas Laundry Coin Operated Some Units Have Updated BathsUpdated Kitchen

    Property Features

    Annual Gross Sched Income 467000 Annual Taxes 63283 Annual Utility Expense 35200 Building Type Other Hoa YN No Net Operating Income 274614 Operating Expenses UtilitiesVacancy Factor Rent Unit1 1874 Rent Unit2 4695 Tenant Pays ElectricGas Tot Bldg Sq Ft 7840 Water Sewer Sewer System - PublicWater - Public Zoning Rm

    Listing courtesy of Eduardo Cerna of .


    Bay East ©2020. CCAR ©2020. bridgeMLS ©2020. Information Deemed Reliable But Not Guaranteed. This information is being provided by the Bay East MLS, or CCAR MLS, or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website. This information is intended for the personal use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated at 2020-10-28T20:42:03.97.

     
    https://bt-photos.global.ssl.fastly.net/eastbay/1280_boomver_1_52240595-2.jpg https://bt-photos.global.ssl.fastly.net/eastbay/1280_boomver_1_52240595-2.jpg https://bt-photos.global.ssl.fastly.net/eastbay/1280_boomver_1_52240595-2.jpg
    Logo
    Realty World - The Lucas Group
    181 Sand Creek Rd., Ste I-2
    Brentwood CA, 94513