2651 Fresno St

- SANTA CRUZ CA -

Listed by Bri Steel
Broker/REALTOR®
Founder of Live Love Santa Cruz
DRE# 01977946
831.200.6338
bri@livelovesantacruz.com

16 Beds

8 Baths

6656 Sq Ft

PROPERTY 1 BLOCK TO THE BEACH/OCEAN NOW BEING SOLD FULLY LEASED WITH WELL OVER $300,000 ANNUAL INCOME! APPRAISED JUST UNDER $5,000,000. NO RENT CONTROL! BUY WITH AS LITTLE AS 10% DOWN! Seller Open to TRADE/BUY OTHER PROPERTY as part of deal or OWNER FINANCE. Bridge Financing Options Available at Very Competitive Terms if Needed. Property is a Rare Jewel in the heart of the 26th Ave neighborhood Near Beach/Ocean w/ 6600+ Sq Ft of Living Space on HUGE .7 Acre Lot. Amazing Financials in an Incredible Location! Investor Buyers can Enjoy Huge Returns for Years to Come or Keep Unit(s) for their Own & Family/Friend Use As Vacation Home in Future. All 8 Units Beautifully Remodeled & Being Sold w/ Leases Up to $3495/Month. Each Unit has Large Private Fenced-in Yards for Outdoor Living, Pets, Toys & Large Common Area as Well. 20+ parking spaces, 2 Coin-Operated Laundry Facilities & Extra Outdoor Storage that Offer Extra Income as Well!

Sold: $4,450,000

ML81745509

Property Details

• 29,882 Sq Ft Lot
• 5.1% CAP rate
• 20+ parking spots
• 8 carport parking spots
• Each unit has private fenced in pet-friendly yard
• 9 storage units for extra income
• 2 laundry facilities for extra income
• Very desirable rental location
• Complete top to bottom remodel
• 1 block to 26th Ave beach
• Private location off of all streets
• Quiet neighborhood
• Brand new roof
• Huge common area yard
• Alarm system