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Address not disclosed Santa Cruz, CA 95062
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Key Details
Sold Price $2,585,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Square Footage 3,728 sqft
Price per Sqft $693
MLS Listing ID ML81865011
Sold Date 12/10/21
HOA Y/N No
Year Built 1966
Annual Tax Amount $31,140
Lot Size 0.315 Acres
Acres 0.315
Property Description
Beautifully renovated garden 4-plex on a quiet street in the heart of Mid-County, a short bike ride to the beach and farmers market, close to everything, with a welcoming feel. Solidly built construction featuring larger-than-average units, including a 3BR/2Bth residence formerly owner-occupied with a fireplace and large fenced private yard, plus bonus detached 120 SF art studio. Due to both the desirable setting and quality of the property, there appears to be considerable upside, i rents as well as added development potential due to its large lot size. In fact, under California SB-9 and the County's new ADU rules, it may be possible to add a 25% conversion ADU in the tuck-under parking area, plus 2 more free-standing ADU's in the open areas of the property. And there are additional incentives such as the Planning Dept waiving local development fees to further keep the costs down. If you've been looking for a solid investment with built-in capacity for growth, here's your chance.
Location
State CA
County Santa Cruz
Area 699 - Not Defined
Zoning RM-3
Interior
Heating Wall Furnace
Flooring Laminate, Tile
Fireplace No
Exterior
Garage Carport, Off Street
Carport Spaces 4
Roof Type Composition,Shingle
Accessibility Parking
Parking Type Carport, Off Street
Total Parking Spaces 2
Building
Lot Description Level
Story 2
Sewer Public Sewer
Water Public
Architectural Style Traditional
Schools
Elementary Schools Other
Middle Schools Other
High Schools Harbor
School District Other
Others
Tax ID 02909411000
Financing Conventional
Special Listing Condition Standard
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Bought with Payal Kir • Coldwell Banker Realty