2651 Fresno St



Listed by Bri Chmel
Live Love Santa Cruz


16 Beds

8 Baths

6,656 Sq Ft


8 UNITS offered OFF MARKET $4,775,000


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!


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


Interactive 3D House Tour


Property Video


Property Photos


Bri Chmel

Realtor® + Owner


Live Love Santa Cruz
CalBRE# 01977946