136 Market ST, Santa Cruz, CA 95062
136 Market ST, Santa Cruz, CA 95062
136 Market ST, Santa Cruz, CA 95062
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The Warburton Team Brokered By EXp

The Warburton Team Brokered By EXp

+1(626) 630-2141
$1,895,000
Est. payment /mo
2,250 SqFt
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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Active

Purchase Type For Sale

Square Footage 2,250 sqft

Price per Sqft $842

MLS Listing ID ML82028725

HOA Y/N No

Year Built 1976

Annual Tax Amount $3,010

Lot Size 9,408 Sqft

Property Sub-Type Triplex

Property Description

Outstanding rental property investment opportunity in central Santa Cruz! Well maintained triplex with many recent improvements, highly desirable two-bedroom apartments, and a strong rental history. Ideally located near the rapidly growing downtown area with a Very walkable and Bikers Paradise Offers easy access to restaurants, shops, Whole Foods Market, Highway 1, the pier, Boardwalk, and beaches. Each unit has a private outdoor patio area and rare attached two-car garage that provides ample options for off-street parking, storage, and bonus living space. Below market rents compared to current Zillow rental rates provide an opportunity to improve cash flow and property value by raising rents to market rates upon tenant turnover. Upside potential, lower operating expenses due to improvements, and the potential for long-term value appreciation make this an excellent investment opportunity in a prime Santa Cruz location. Recent improvements include a newer roof, exterior paint job, sewer lateral replacement, water main replacement, newer water heaters, and interior flooring updates. Triplexes in Santa Cruz with this excellent condition, desirability, and long-term stability are rare in Santa Cruz. Don't miss this opportunity!

Location

State CA

County Santa Cruz

Area 699 - Not Defined

Zoning R-1-5

Interior

Heating Electric

Cooling None

Flooring Carpet, Laminate

Fireplace No

Appliance Dishwasher, Disposal, Refrigerator, Range Hood

Exterior

Garage Spaces 6.0

Garage Description 6.0

View Y/N No

Roof Type Shingle

Accessibility None

Building

Story 1

Sewer Public Sewer

Water Public

Schools

Elementary Schools Other

Middle Schools Other

High Schools Santa Cruz

School District Other

Others

Tax ID 00833323

Special Listing Condition Standard

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Listed by Marshall Keneipp Miritz & Bailey Real Estate, Inc #02115477

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