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Santa Cruz, CA 95062 21520 E Cliff Drive

$5,395,000

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Presented By: David Brumer with Barcode Properties;
  • MLS# 23339811
  • 12/14/2023
  • Request Tour
  • Request Info
  • FootageSQFT • 9,994

Home Details

Beach close, 20 Unit garden style apartments in 5 buildings on a huge, C1, lot w/ample parking. Great potential for future development. Large garden areas for tenants. Due its location and charm, there are long term stable tenants providing ease of mgmt. Property was originally a hotel, so the small units maximize the Owner's rent/sf. DO NOT DISTURB TENANTS! Showings with accepted offer ONLY! Call Listing Agent for additional information.
Presented By: David Brumer with Barcode Properties;

Interior Features for 21520 E Cliff Drive

Bathrooms

Total Baths

Other Interior Features

Air Conditioning Y/NNo
Basement (Y/N)No
Electric On Property Y/NNo
Fireplace Y/NNo
Heating Y/NNo
Laundry FeaturesCommonArea
Street SuffixDrive
Total Stories2

General for 21520 E Cliff Drive

Additional Parcels Y/NNo
Attached Garage No
Building NameShore & Sea Apartments
Buyer FinancingCash
Cap Rate3.29
Carport Y/NNo
CitySanta Cruz
CountySanta Cruz
Days on Market42
DirectionsHwy 1 to 41st Ave., West to Portola Drive, Right or North to 15th Ave., Left and then a left in to property. May make a U-turn on Portola/E Cliff Drive and 15th Ave., back to property on your right.
ElectricStandard
Garage Y/NNo
HOA0.0
HOA / Comm AssnNo
Home Warranty Y/NNo
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
Listing TermsCash
Lot Size Square Feet37287.0
MobileHomeRemainsYNNo
Net Operating Income177407.0
New ConstructionNo
Open Parking Spaces9.0
Possible UseMultiFamily
Private PoolNo
Property Attached Y/NNo
Property TypeCommercialSale
Rent Control Y/NNo
Senior Community Y/NNo
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Street NameCliff
Total Units20
View Y/NNo
Waterfront Y/NNo
Year Built1952
ZoningC-1

Exterior for 21520 E Cliff Drive

Building Area Total9994.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesBackYard, Garden, GentleSloping, IrregularLot, Lawn, StreetLevel
Lot Size Acres0.856
Lot Size Area37287.0
Lot Size UnitsSquareFeet
Number of Buildings5
Open Parking Y/NNo
SpaNo
Total Parking14.0

Additional Details

Price History

1527188455

First Team Client Services

Price $5,395,000
MLS#23339811
List Date 12/14/2023
Property Type Commercial
Phone 714.964.3311
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CRMLS Compliance Statements & Disclaimers

*According to the National Association of Realtors