For Sale
$4,850,000

311 Ocean StSanta Cruz, CA 95060

High-yield apartment building, prime location.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a fully leased apartment building located at 427 Barson St, Santa Cruz, CA 95060. The property boasts a strong 8.87% cap rate and a Net Operating Income (NOI) of $135,000, making it an attractive addition to any portfolio. The asking price is $4,850,000. The building comprises a mix of unit sizes, ranging from 778 to 1,542 square feet. Built between 1900 and 1974, the property sits on a 3,484 square foot lot and includes 10 parking spaces. The land value, based on price per square foot, ranges from $871 to $1,478. Multiple tax parcel numbers are associated with the property: 007-403-23

Highlights

  • Fully leased apartment building at 427 Barson St, Santa Cruz, CA 95060.
  • 8.87% cap rate and $135,000 NOI.
  • Asking price: $4,850,000.
  • Unit sizes range from 778 to 1,542 square feet.
  • 10 parking spaces on a 3,484 sq ft lot, built between 1900 and 1974.
  • Land value: $871 to $1,478 per square foot.

Property Details for 311 Ocean St

Property type
Retail properties, Apartment buildings
Square Feet
778 SF

Location Insight

City
Santa Cruz
County
Santa Cruz
State
California
Latitude
36.9713297
Longitude
-122.0175808
311 Ocean St, Santa Cruz, California

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311 Ocean St
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