2103 Pacific AveSanta Cruz, CA 95060

Property Details for 2103 Pacific Ave

Year built

1961

Construction

TILT-UP CONCRETE

Lot size

0.09 AC

Property size (Sq ft)

3,020 SF

Property type

Office properties

Property subtype

Office buildings

APN

008-311-34

APU

831134

Description

This exceptional Santa Cruz office complex, located at 2103 N Pacific Ave (corner of River Street), offers 7,461 square feet of versatile space in a single-tenant building. Completely renovated in 2022, the property boasts a main annex of approximately 4,662 square feet, featuring over 20 individual offices, a large conference room, lobby, reception area, file room, private bathrooms, break room, copy room, and an open office area, plus an enclosed outdoor patio. Two additional annexes provide further space: Annex #1 (approximately 756 square feet) includes a library/conference room, three private offices, and two computer/office rooms

• CAP approach

  CAP return

  Valuation

  6%

  $1,073,766

  6.5%

  $991,168

  7%

  $920,370

• Comparable approach

  Method

  Valuation

  Relative Method

  $842,308

  Geo Method

  $842,308

• Alternative Use

  Use

  Valuation

  Residential

  $1,229,049

  Hospitality

  $1,125,802

  Educational

  $936,654

  Medical

  $968,867

  Retail

  $1,457,017

Location Insight

City

Santa Cruz

County

Santa Cruz

State

California

Latitude

36.9791

Longitude

-122.027

CBSA code

42100

CBSA name

SANTA CRUZ-WATSONVILLE, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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