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    816 Riverside Avenue

    Santa Cruz, CA 95060
    • $2,650,000
    • STATUS: Active
    • ON SITE: 39 days
    • ID#: ML81811329
    UPDATED: 230 min ago
    $2,650,000
    • 0
      BEDS
    • 0.19
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Type:
    Multi-Family
    Built:
    1976
    County:

    School Ratings & Info

    Description

    5 townhouse style units, each with its own enclosed private patio on a peaceful garden setting with old growth landscaping plus a large back patio common area and bonus triangular area adjoining the rear alley with common areas fully lit at night. Located on the quiet section of Riverside dotted with Victorians, walking distance to the shops and restaurants of downtown Santa Cruz. Built and designed by Holcomb to condominium standards in 1976 with double-framed walls to divide them, individual water heaters and separate water shutoff valves for each. Includes 48 SF storage and 54 SF laundry room, plus 5 covered and 5 open parking spaces. The property has been held in the same family for over two decades, during which time they have faithfully maintained the buildings and updated each unit as they turn over. This is a rare opportunity to acquire a heritage property with good bones and solid cash flow, and the Seller will consider financing as an installment sale with 1/3 down payment.

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    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 2020-10-26T23:39:53.677.

    www.lucasgphomes.com/homes/110131191
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    816 Riverside Avenue Santa Cruz, CA 95060

    • Price: $2,650,000
    • Status: Active
    • Updated: 230 min ago
    • ID#: ML81811329
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.19
    Acres
    1976
    Built
    Neighborhood:
    All Other Counties/States
    County:
    Santa Cruz
    Area:
    All Other Counties/States
    Property Description
    5 townhouse style units, each with its own enclosed private patio on a peaceful garden setting with old growth landscaping plus a large back patio common area and bonus triangular area adjoining the rear alley with common areas fully lit at night. Located on the quiet section of Riverside dotted with Victorians, walking distance to the shops and restaurants of downtown Santa Cruz. Built and designed by Holcomb to condominium standards in 1976 with double-framed walls to divide them, individual water heaters and separate water shutoff valves for each. Includes 48 SF storage and 54 SF laundry room, plus 5 covered and 5 open parking spaces. The property has been held in the same family for over two decades, during which time they have faithfully maintained the buildings and updated each unit as they turn over. This is a rare opportunity to acquire a heritage property with good bones and solid cash flow, and the Seller will consider financing as an installment sale with 1/3 down payment.
    Exterior Features

    Exterior Brick Lot Description Level Parking Description Covered ParkingSpaces - Assigned Parking Spaces Total 5 Roof Rolled Composition

    Interior Features

    All Units Have Refrigerator Apx Sq Ft Unit1 768 Bedrooms Unit1 2 Cooling None Heating Electric Laundry Coin Operated Some Units Have Updated BathsUpdated Kitchen

    Property Features

    Annual Gross Sched Income 166600 Annual Taxes 31800 Annual Utility Expense 1083 Building Type Other City Transfer Tax No Hoa YN No Net Operating Income 105377 Operating Expenses InsuranceMaintenance/RepairTrash RemovalUtilitiesWater Rent Unit1 2325 Tenant Pays ElectricOther Tot Bldg Sq Ft 4070 Views City Lights Water Sewer Water - Public Zoning Rm

    Listing courtesy of Datta Khalsa of Main Street Realtors.


    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 2020-10-26T23:39:53.677.

     
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