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+19094654693
Top Producers Realty Partners
Santa Cruz, CA 95060
- $2,900,000
- List Price
- $2,900,000
- Price Change
- ▼ $400,000 1793234607
- Closing Date
- Dec 31, 2026
- Status
- ACTIVE UNDER CONTRACT
- MLS#
- ML82062896
- Year Built
- 1964
- Lot Size
- 13,983
- Acres
- 0.32
- Days on Market
- 92
- Property Type
- Commercial
Property Description
$400,000 PRICE REDUCTION! Offered at $2,900,000, 119 Clay Street presents an opportunity to acquire a 10-unit apartment property in Santa Cruz. The property features a desirable unit mix of eight (8) one-bedroom and two (2) two-bedroom apartments, with an in-place 5.88% cap rate and 10.71 GRM. The property offers strong current income with upside potential through future rent growth in Santa Cruz's competitive rental market.
Additional Information
- Taxes
- $41,821
- Heat
- Wall Furnace
- Cooling
- Yes
- Cooling Description
- None
- Roof
- Composition
- School District
- Other
- Attached Structure
- Detached
- Gross Scheduled Income
- $270,900
Listing courtesy of Listing Agent: Mitchell Zurich (mzurich@marcusmillichap.com) from Listing Office: Marcus & Millichap.
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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.