Properties

Comm Ri Multi-units 5+ For Sale

5,900 Sqft - 121 Sylvar Street, SANTA CRUZ, California 95060

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Property Description

RARE OPPORTUNITY to own a well-maintained 8-unit apartment. First time on market in 50 years! Great investment property with excellent financials showing continued revenue growth and strong steady in place cash flow stream. Prime location in Westside Santa Cruz, steps to Downtown amenities, easy access to HWY 17, 2 miles to UCSC & beaches. Consists of (2) 2B/1B units with park views and (6) 1B/1B units, 6-space carport, 8 storage cabinets, coin-op laundry, bike room. On-street permit parking. Kitchens include original tile, gas stoves, refrigerators, abundant cabinetry, rear access. Extensive Improvements: double-pane windows; composite shingle roof; deck, railing, staircase renovations; painting; asphalt paving; hardwood floors – 5 units; water heater; crawlspace vapor barrier and more! Low maintenance landscaping. Individual electric meters. Sewer lateral replacement, property & pest inspections completed. Fully rented. Contact Joe Muzzio, Broker: 408-429-4624, joemuzzio@gmail.com.

Basic Details
Property Type : Comm Ri Multi-units 5+
Listing Type : For Sale
Listing ID : ML81857287
Price : $3,200,000
Bedrooms : 0
Bathrooms : 0
Half Bathrooms : 0
Square Footage : 5,900 Sqft
Year Built : 1950
Lot Area : 0.22 Sqft
Features
Heating System : Wall Furnace
View : Park
Roof : Composition Shingles
Address Map
Country : US
State : CA
County : Santa Cruz
City : SANTA CRUZ
Zipcode : 95060
Street : Sylvar Street
Street Number : 121
Floor Number : 0
Longitude : W123° 58' 9.3''
Latitude : N36° 58' 40.8''
MLS Addon
Office Name : Muzzio Properties
Building Type : Other
Area : West Santa Cruz
Address : 121 Sylvar Street
Cross Street : Mission
LA1User Code : MLL5066594
LA1Agent First Name : Joseph
LA1Agent Last Name : Muzzio
Status Category : Sold
Tot # Parking Spaces : 0
Tot # of Units : 8
Zoning : R-1-
List $/SqFt : $0
Age : 71
Apx Lot Sq Ft : 9,583 Sqft
Type of Building : Apt Complex
Annual Taxes : $35,904
Total Deposits : $0
ALL UNITS HAVE : Refrigerator
FLOORING : Hardwood Floors
ON-SITE PARKING DESC : Spaces - Assigned
OPERATING EXPENSES : Electric, Gas, Insurance, Maintenance/repair, Trash Removal, Water
TENANT PAYS : Electric
WATER/SEWER : Water - Public, Sewer System - Public
LAUNDRY : Coin Operated
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) : 3.97
Ann Act Gross Inc : $0
Gross Oper Actual Inc : $0
Listing Type : Excl Right
Listing Service : Full Service
Special Information : None
Original Price : $3,650,000
Sold Price : $3,225,000
Previous Price : $0
Sale $/SqFt : $0
Gross Oper Actual Inc : 0
Annual Gross Sched Inc : 196080
Net Oper Income : 127118
Annual Mgmt Exp : 0
Annual License Exp : 0
Annual Util Exp : 13021
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 : 16.32
Buyer Agent DRE Num. : 00922383
List Agent DRE Num. : 01868571
Filtered Address : 121 Sylvar ST
Branded Media Link : https://youtu.be/TuLmuFsiwtw
LA1Agent License ID : 01868571
LA1Old Agent ID : 304932
SA1Agent First Name : Andy
SA1Agent Last Name : Kay
SA1Agent License ID : 00922383
SA1User Code : MLL5080706
SA1Old Agent ID : 372618
SA1NRDS_ID : 200003106
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 : 006-172-05-000
Showing : See Confidential Remarks
SO1Office Abbreviation : MLL5009355
SO1Office Name : eXp Realty of California Inc.
LO1Main Office ID : 76285
LO1Board ID : 0
LO2Office Identifier : 0
LO2Main Office ID : 0
SO1Office Identifier : 76128
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 : 3225000
Address Search Number : 121
Listing Agent : 281165
Listing Office : 76285
Co-List Agent : 0
Listing Office 2 : 0
Apprx Equity : 0
Buyer Agent 1 : 328584
Buying Office 1 : 76128
Co-Sell Agent : 0
Buying Office 2 : 0
Photo Count : 40
Input Date : 06/08/2021 23:59:58
Update Date : 15/10/2021 10:00:04
PhotoTimestamp : 09/10/2021 05:28:30
First Photo Add Timestamp :
List Date : 07/08/2021
Expire Date :
Pending Date : 18/09/2021
Closing Date : 08/10/2021
Status Date : 08/10/2021
Price Date :
Off Market Date : 18/09/2021
Status : Sold
HOA : No
Off Market Status Date :
LVT Date :
DOMLS : 43
Cumulative DOMLS : 43
Unit # 1 # of Bedrooms: 2
Unit # 1 Approx. SqFt: 948
Unit # 1 Rent: 2135
Unit # 2 # of Bedrooms: 1
Unit # 2 Approx. SqFt: 528
Unit # 2 Rent: 1830
Comm Ri Multi-units 5+ For Sale
  • Listing ID : ML81857287
  • Bedrooms : 0
  • Bathrooms : 0
  • Square Footage : 5,900 Sqft
$3,200,000
Agent info
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