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Listed by Chris Shoemaker • Shoemaker Commercial Real Estate

$3,600,000

Est. payment - /mo

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5 Beds

3 Baths

6,406 SqFt

Active

707 Seabright AVE Santa Cruz, CA 95062

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The Ruiz Group Real Estate

ruizgrpcommander@gmail.com +1(831) 877-2057

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Key Details

Property Type Commercial

Sub Type Five or More Units

Listing Status Active

Purchase Type For Sale

Square Footage 6,406 sqft

Price per Sqft $561

MLS Listing ID ML82014577

Bedrooms 5

Full Baths 3

Year Built 1975

Lot Size 0.442 Acres

Property Sub-Type Five or More Units

Property Description

707 Seabright is a 9-unit property that has been in the same family for nearly 50 years. It is in close proximity to Seabright Beach, the Santa Cruz Small Craft Harbor, and many local restaurants in the desirable Seabright neighborhood. The units are set back from the street, providing peaceful living experience for the tenants. Although the property provides excellent walkability, it also has 13 parking spaces, including eight covered carport spaces. The unit mix includes eight 1-bedroom, 1-bath units in the two story main building. Each of these eight units has a patio or balcony. The ninth unit is a stand-alone 3-bedroom, 1-bath house with a fenced front patio and an opportunity to create a large, fenced back yard. The house is an excellent rental. It would also work well for an owners beach unit. There is ample open space, with the potential for additional development (the adjacent parcel is similarly sized and contains 14 units). Over the past two years, the owner has completed numerous improvements at a cost of nearly $200,000. These improvements include a new roof on the main building, a re-piping of the main building, and a new sewer lateral. One unit occupied by owner's son not paying rent, will be delivered vacant at closing.

Location

State CA

County Santa Cruz

Area East Santa Cruz

Zoning RL

Interior

Heating Wall Furnace

Cooling None

Exterior

Exterior Feature Back Yard, Balcony / Patio

Parking Features Assigned Spaces, Carport , Uncovered Parking

Community Features None

Utilities Available Individual Electric Meters

Roof Type Composition

Building

Lot Description Grade - Level

Foundation Concrete Slab

Sewer Sewer - Public

Water Public

Others

Restrictions None

Tax ID 010-192-10-000

Security Features None

Special Listing Condition Not Applicable

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The Ruiz Group Real Estate

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707 Seabright AVE Santa Cruz, CA 95062

The Ruiz Group Real Estate

Key Details

Location

Interior

Exterior

Building

Others

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707 Seabright AVE