ACTIVE (Pending)
247 High St, Santa Cruz, CA 95060
Approved Development for Seven (7) Unit Luxury Apartment Building.
Fully-entitled project consists of five (5) 2BR/2BA + Offices and two (2) 1BR/1BA units including an 1-BR Affordable Unit for a total 12 Bedrooms (17 Rooms/Occupants) and 12 Bathrooms in a stunningly beautiful, all-electric, luxury multifamily design complete with EV charges, security gates, community patio and BBQ area, pet washing station, and secured individual tenant storage lockers for surfboard, bikes, etc.
FOR SALE: $1,549,000
The design is modeled after an adjacent building previously owned by the Seller located at 251 High St which had an 8.7% Avg Annual Rental Rate Growth and an actual Vacancy Factor of less than 0.5% (2015 - 2022) which was recently sold for $6,650,000 or $665,000/Unit and $475,000/Room with a 3.88% Cap Rate and 18.63 GRM. The location is ideally situated on UCSC Bus Line, and close proximity to Downtown Santa Cruz, Google Analytics, and Joby Aviation - all of which are the target demographic of future tenants.
KEY NOTES
SFR is rented on Month-to-Month basis to 2022 winter storm victim at $2,000/mo. Entitlements include a completed and recorded Easement across Vintage Faith Church for SWM drainage secured and paid for by the Seller. Brand New Fence along the West property line adjoining 251 High St.
SOLD
251 High St, Santa Cruz, CA 95060
premier 10-unit multifamily PROPERTY in a quiet, safe, and highly desirable Upper Westside neighborhood
Key Highlights
8.7% Average Annual Rental Rate Growth (2015 - 2022)
Less than 0.5% Historical Vacancy Rate (Exception: for when units are offline for renovations)
First Time on the Market - Original Owner, Developer, Builder, Family.
SOLD: $6,650,000
180 Crescent Dr, Boulder Creek, CA 95006
Creekside 2BR/1BA home with heated basement on a private sunny lot
RECENTLY RENOVATED STARTER HOME | SUNNY 703 2-BED, 1-BATH HOME | 242 SF BASEMENT / OFFICE WITH SEPRATE ENTRY
SOLD: $675,000
1415A & 1415B Seabright Ave, Santa Cruz, CA 95062
Newly rebuilt duplex delivered FULLY leased At $126,000 AGR
SOLD: $1,900,000
1415A SEABRIGHT AVE: 3-PERSON PENINSULA | BUILT-IN DISHWASHERS | GENEROUS BEDROOM SIZES WITH PRIMARY EN-SUITE BATHROOM | FULLY LANDSCAPED AND FENCED FRONT YARD WITH BEAUTIFULLY PRIVATE PITTOSPORUM HEDGING
1415B SEABRIGHT AVE: DUAL-FRENCH DOORS | ATTACHED OVERSIZED 1-CAR GARAGE | WET BAR & WINE FRIDGE | GAS FIREPLACE | HUGE REDWOOD DECK AND FULLY LANDSCAPED BACKYARD | REMARKABLY HIGH-END FINISHES
1411A & 1411B Seabright Ave, Santa Cruz, CA 95062
Two Stunning 2BR/2BA Single Family Residences with Outdoor LIVING and Timeless Coastal Cape Cod Design
SOLD: $2,200,000
1411A SEABRIGHT AVE: BRAND NEW 2BR 2BA HOME | NEW DETACHED 1-CAR GARAGE WITH EV CAPABILITIES | ELECTRIC HEAT PUMP HVAC | HOME OFFICE NOOK | LAUNDRY ROOM | INTEGRAED MEDIA HOOK-UPS | DUAL-SINK PRIMARY BATHROOM VANITY | ANTIQUE BRASS WALL ART SCONCES | FULLY REBUILT
1411B SEABRIGHT AVE: EXTENSIVELY REMODELED 2BR 2BA HOME | EXCEPTIONALLY PRIVATE ENCLOSED FRONT COURTYARD | FULLY LANDSCAPED BACK AND SIDE YARDS | BUILT-IN DINING NOOK WITH UNDERSEAT STORAGE | FLOATING VANITIES | SIGNATURE HARDWARE | FLOOR TO CEILING TILE
415 Caledonia St, Santa Cruz, CA 95062
REFRESHING SINGLe-StORY SEABRIGHT DELIGHT with Expansive BACKYARD
WALKABILITY ABOUND IN THIS SUNNY SEABRIGHT LOCATION | SUNNY 4-BED, 2-BATH HOME | 1,896 SF | 5TH BEDROOM / OFFICE WITH SEPRATE ENTRY IN BACK
SOlD: $1,730,000
220 Hayward Rd, Aptos, CA 95003
Nicely Updated Aptos Farmhouse
REMODELED AND ENLARGED MASTER BEDROOM SUITE | SUNNY 3-BED, 2-BATH FARMHOUSE STYLE HOME | FINISHED DETACHED 2-CAR GARAGE | VIKING APPLIANCES | RAIN SHOWER
SOLD: $865,000
1700 Early Dr, Felton, CA 95018
Mountain log cabin Dream home
IMMACULATELY MAINTAINED 3-BED, 2-BATH LOG CABIN |1.25 ACRES | DETACHED ONE-CAR GARAGE WITH BONUS LOFT | CARPORT | HOT TUB WITH ENCLOSED GAZEBO
SOLD: $1,015,000
111 Bean Creek Rd #169, Scotts Valley, CA 95066
Hidden Oaks #169
TWO-STORY 2-BEDROOM, 2-BATH END-UNIT CONDO | NICELY UPDATED | NEARBY DETACHED GARAGE ONLY STEPS FROM THE FRONT DOOR
SOLD: $580,000
1061 Lakeside Dr, Felton, CA 95018
Modern Farmhouse Delight
TURN-KEY 3-BEDROOM, 2-BATH MODERN FARMHOUSE | BEAUTIFULLY REMODELED | DETACHED WORKSHOP AND GARAGE | STUNNING UPSTAIRS MASTER SUITE
SOLD: $865,000
344 Pine St, Santa Cruz, CA 95062
Stunning Single-Story Seabright Home with Guest House
CUSTOM CONTEMPORARY SINGLE-STORY HOME BUILT IN 2011 | DETACHED GUEST HOUSE BUILT IN 2016 | BEAUTIFULLY LANDSCAPED FRONT & REAR YARD WITH OUTDOOR FIRE PIT | ENDLESS UPGRADES
SOLD: $1,400,000
300 Melin Ave, Ben Lomond, CA 95005
Single-Level Home | Lots of Privacy | Recent Improvements
2BR | 2BA | OFFICE/DEN | ADU BUILDABILITY | 1,479 SF HOME | 0.9 ACRE LAND | LOFT | ARTIST STUDIO | SAUNA
SOLD: $864,900
516 & 518 S Branciforte Ave, Santa Cruz, CA 95062
4BR 2BA SEABRIGHT DupleX with CALIFORNIA ESSENCe LIVING
2BR 1BA SINGLE-STORY RESIDENCES WITH SEPARATE OUTDOOR SPACES | TURN-KEY INVESTMENT LOADED WITH UPGRADES