160 Park PlSanta Cruz, CA 95060

Prime Santa Cruz location, this meticulously maintained three-story apartment building boasts nine units (eight one-bedroom/one-bath townhomes with vaulted ceilings and one studio), offering a strong mix of stable, long-term tenants. Built in 1978, the 5,681 square foot building sits on a 4,922 square foot lot (APN 007-292-29) and includes nine covered parking spaces and a large storage room with potential for conversion to an income-producing laundry area. Recent upgrades include a new roof, updated windows, termite fumigation, new exterior paint, and sewer lateral improvements. Each unit is 100% electric with separate meters, and the owner covers trash, water, and hot water. Currently operating at 100% occupancy, generating a Net Operating Income (NOI) of $189,000 and a 5.04% capitalization rate, this property presents a compelling investment opportunity. Its ideal location, minutes from the beach and major commute routes, ensures high demand and strong rental income. The asking price is $3,750,000 ($660.10 per square foot). A complete marketing package, including financials, inspections, and disclosures, is available. The current insurance provider is prepared to continue coverage for the new owner. This turnkey property is a robust addition to any investment portfolio.