1584 Chanticleer Ave, Santa Cruz, CA 95062
- $7,250,000
- 15,890
- SqFt
- List Price
- $7,250,000
- MLS#
- 82055928
- Property Type
- Multifamily
- Sqft. of Residence
- 15,890
- Lot Size
- 61,643
- Region
- Live Oak
- Status
- ACTIVE
- County
- Santa Cruz
- Acres
- 1.42
- Year Built
- 1977
- Parking Spaces
- 1
Property Description
Rare opportunity to acquire a distinctive 15-unit multifamily community in Santa Cruz's highly desirable Live Oak neighborhood. Situated on approximately 1.41 acres in a quiet private cul-de-sac across from Live Oak Elementary and just 1.5 miles from the beach, this pride-of-ownership property offers a unique townhome-style design with spacious single-story residences. Every unit features a private backyard, while Units 1-14 include an attached one-car garage, private laundry room, and dedicated parking. The property consists of (10) 2BD/1BA units, (4) 1BD/1BA units, and (1) micro 1BD/1BA unit. Recent improvements include a newer roof, dual-pane vinyl windows, and fresh exterior paint. Nearly 30 years of meticulous owner management has resulted in exceptionally low turnover, with several second-generation tenants. Owner pays water, sewer, garbage, and landscaping; tenants pay gas and electricity. Excellent opportunity for investors or owner-operators seeking a stable, well-maintained asset with long-term upside. True 5.62% Cap Rate at the asking price with property taxes adjusted accordingly. Please view vitual tours on MLS. Offering Memorandum available upon request.
/u.realgeeks.media/basallewongrealty/BWR_Logo5.png){kind=logo}
Additional Information
- Foundation
- Concrete Perimeter, Slab
- Living Area
- 15,890
- Lot Size
- 61,643
- Region
- Live Oak
- Roof
- Composition
- Zoning
- RM-4
How much is your home worth?
...get instant property value now!
Mortgage Calculator
Listing courtesy of KW Bay Area Estates.
All data, photos, visualizations, and information regarding a property, including the property's compliance with state and local legal requirements and all measurements and calculations of area, have been obtained from various sources, and may include such material that has been generated by use of artificial intelligence. Such information and material have not been and will not be verified for accuracy by the listing broker or the multiple listing service, and are not guaranteed as complete, accurate or reliable. Such information and material should be independently reviewed and verified for accuracy. This information and material are intended for the personal use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.