Properties

Comm Ri Multi-units 5+ For Sale

3,518 Sqft - 50 5th Avenue, SANTA CRUZ, California 95062

QR Code
Property Description

A rare opportunity to own a 7-unit apartment building with an unbelievable penthouse owners unit, with views of both lighthouses and the entire bay, just 3 properties from the Beach! This location, makes for a great investment property with high demand, updated units, plenty of off-street parking, amazing views and steps to some of the areas best restaurants, coffee, sailing, fishing, paddle boarding, volleyball on twin lakes beach. The owners unit, features its own private rooftop deck, with views from UCSC to Monterey and the Yacht Harbor. Custom walnut cabinets, high-end appliances and hardwood floors making it the perfect weekend getaway, home office, or rent it out for top dollar. 6 of the 7 units have ocean views. Most of the additional 1-bedroom units have been tastefully updated and well maintained with great rental history. There is a separate laundry room with coin op laundry and individual electric meters.

Basic Details
Property Type : Comm Ri Multi-units 5+
Listing Type : For Sale
Listing ID : ML81835913
Price : $3,750,000
Bedrooms : 0
Bathrooms : 0
Half Bathrooms : 0
Square Footage : 3,518 Sqft
Year Built : 1961
Lot Area : 0.11 Sqft
Features
Heating System : Wall Furnace
View : Hills, Bay, Marina
Roof : Composition Shingles
Address Map
Country : US
State : CA
County : Santa Cruz
City : SANTA CRUZ
Zipcode : 95062
Street : 5th Avenue
Street Number : 50
Floor Number : 0
Longitude : W122° 0' 0.1''
Latitude : N36° 57' 48.5''
MLS Addon
Office Name : Anderson Christie, Inc.
Building Type : Other
Area : All Other Counties/States
Address : 50 5th Avenue
Cross Street : Lake Ave
Directions to Property : Take Murray to Lake, Lake turns
LA1User Code : MLL466741
LA1Agent First Name : Marvin
LA1Agent Last Name : Christie
Status Category : Sold
Tot # Parking Spaces : 10
Tot # of Units : 1
Zoning : R-1-
List $/SqFt : $0
Age : 60
Apx Lot Sq Ft : 4,922 Sqft
Type of Building : Apt Complex
Annual Taxes : $39,375
Total Deposits : $0
FLOORING : Tile, Hardwood Floors
OPERATING EXPENSES : Gas, Trash Removal, Water
SOME UNITS HAVE : Updated Baths, Updated Kitchen
WATER/SEWER : Water - Public
Bus Sq Ft of Bldg : 0 Sqft
Other Loans (Y/N) : No
1st Loan Balance : $0
2nd Loan Balance : $0
Tot Other Loans : $0
Financial Data Verif(Y/N) : 3.88
Ann Act Gross Inc : $0
Gross Oper Actual Inc : $0
Listing Type : Excl Right
Listing Service : Full Service
Special Information : None
Original Price : $3,750,000
Sold Price : $3,607,500
Previous Price : $0
Sale $/SqFt : $0
Gross Oper Actual Inc : 0
Annual Gross Sched Inc : 197300
Net Oper Income : 145586
Annual Mgmt Exp : 0
Annual License Exp : 0
Annual Util Exp : 5369
Other Ann Exp : 0
Tot Ann Oper Exp : 0
First Loan Payment : 0
First Balance : 0
Annual Insurance Exp : 0
INTERNET DISPLAY : 0
INTERNET SITES : 0
SA1Agent Type : 0
Gross Rent Multiplier : 19.01
Buyer Agent DRE Num. : 01015666
List Agent DRE Num. : 01894395
Filtered Address : 50 5th AVE
LA1Agent License ID : 01894395
LA1Old Agent ID : 201860
LA1NRDS_ID : 200009696
LA2Agent First Name : Roger
LA2Agent Last Name : Berke
LA2User Code : MLL158703
LA2Old Agent ID : 3736
LA2NRDS_ID : 200003427
SA1Agent First Name : Daniel
SA1Agent Last Name : Rubnitz
SA1Agent License ID : 01015666
SA1User Code : MLL5070766
SA1Old Agent ID : 322565
SA1NRDS_ID : 191003133
Annual Vacancy : 0
Gross Income : 0
Sale/Original $ : 0
Annual Exp Yr : 0
Sale $/SqFt : 0
1st - Yrs Remaining : 0
Sale/Last List $ : 0
Interest Rate : 0
Board ID : Datashare MLSListings
Assessors Parcel No : 027-162-19-000
Showing : Call Listing Agent,See Remarks
LO2Office Name : Thunderbird Real Estate
SO1Office Abbreviation : MLL32301
SO1Office Name : Sereno
LO1Main Office ID : 74392
LO1Board ID : 0
LO2Office Identifier : 71936
LO2Main Office ID : 71936
SO1Office Identifier : 64970
SO1Board ID : 0
SO2Office Identifier : 0
SO2Office Type : 0
VOW Include : Yes
VOW Address : Yes
VOW Comment : Yes
VOW AVM : Yes
Status Detail : 0
Search Price : 3607500
Address Search Number : 50
Listing Agent : 263017
Listing Office : 74392
Co-List Agent : 248103
Listing Office 2 : 71936
Apprx Equity : 0
Buyer Agent 1 : 286796
Buying Office 1 : 64970
Co-Sell Agent : 0
Buying Office 2 : 0
Photo Count : 40
Input Date : 02/04/2021 00:00:00
Update Date : 02/07/2021 01:13:34
PhotoTimestamp : 01/07/2021 23:07:07
First Photo Add Timestamp :
List Date : 02/04/2021
Expire Date :
Pending Date : 08/04/2021
Closing Date : 30/06/2021
Status Date : 01/07/2021
Price Date :
Off Market Date : 08/04/2021
Status : Sold
Dual Variable : No
HOA : No
City Transfer Tax : Yes
Off Market Status Date :
LVT Date :
DOMLS : 7
Cumulative DOMLS : 7
Unit # 1 # of Bedrooms: 1
Unit # 1 Approx. SqFt: 400
Comm Ri Multi-units 5+ For Sale
  • Listing ID : ML81835913
  • Bedrooms : 0
  • Bathrooms : 0
  • Square Footage : 3,518 Sqft
$3,750,000
Agent info
Contact Agent