803 Pacific Ave, SANTA CRUZ, 95060

Multi-Residential - Five or More Units For Sale

$5,995,000

Beds
Baths
7,808Sqft
.24Acres
1957Built
MLS® #: ML81765507
Active

First time on Market- possibly two of the best parcels in downtown Santa Cruz located in area primed for redevelopment! Corner parcel with over 100 feet of frontage facing the Pacific Garden Mall, which is the main commercial and retail street in Santa Cruz. Additionally, you will find 100 feet of frontage on Laurel Street, which increases the development opportunity. Sale includes both parcels (801 AND 803 Pacific Ave) with nearly $225,000 of existing annual income. KEY FEATURES: Both Parcels in OPPORTUNITY ZONE Over 200 Feet of Street Frontage Hard Corner Parcel New Downtown Plan with upzoning Great Carrier Income Adjacent to Approved Mixed Use Project Within City's parking district, so parking requirements may be met offsite. Existing Tenant Mix includes 7 1 bedroom residential units and 4 commercial units. Commercial tenants include: Taqueria Jalapenos; Bonesios Liquor; and Pacific Gaming. PLEASE do not disturb tenants- thank you.

Essential Information

MLS® #: ML81765507
Price: $5,995,000
Square Footage: 7,808
Acres: 0.24
Year Built: 1957
Type: Multi-Residential
Sub-Type: Five or More Units
Status: Active

Community Information

Address: 803 Pacific Ave
Area: West Santa Cruz
City: SANTA CRUZ
County: Santa Cruz
State: CA
Zip Code: 95060

Amenities

Utilities: Public Utilities
Parking Spaces: 7
View: Downtown

Interior

Heating: Other
Cooling: Other

Exterior

Roof: Other Roof
Foundation: Concrete Perimeter & Slab

Additional Information

Zoning: New Downtown Plan- Commercial

Listing Details

Listing Agent: Derek Timm
Listing Office: Montalvo Homes & Estates

Financials

$/SqFt: $768

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