1112 Mission Street, Santa Cruz, CA 95060
-
Sold Price :
$4,400,000
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Beds :
N/A
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Baths :
-
Property Size :
N/A sqft
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Year Built :
1938
Property Description
Presenting an exceptional multifamily investment opportunity situated on an expansive one acre lot located at 1112 Mission Street in Santa Cruz, CA. This rare gem features 15 charming cottage-style residential units, including one studio, thirteen one-bedroom and one two-bedroom single-story cottages. The demand for rental housing in Santa Cruz has never been higher, particularly near UC Santa Cruz, which is just over a mile from this property. With a constant influx of students seeking housing, 1112 Mission Street offers a steady stream of potential tenants, ensuring low vacancy rates and consistent rental income. The city's rental market has tightened significantly since the pandemic, with investors witnessing strong rent growth across the board. This trend has been particularly pronounced in areas near the university, where housing options are limited and competition is fierce. The property's location not only attracts students but also appeals to professionals and families, further broadening the pool of potential tenants.
Interior Features
Bedroom Information |
Bedrooms |
N/A |
Interior Information |
Cooling Type |
Wall/Window Unit(s) |
Listing Information
Address |
1112 Mission Street |
City |
Santa Cruz |
State |
CA |
Zip |
95060 |
County |
Santa Cruz |
Listing Agent |
Jimmy Castellanos DRE #02024152 |
Courtesy Of |
Marcus & Millichap |
Close Price |
$4,400,000 |
Status |
Closed |
Type |
Commercial |
Structure Size |
N/A |
Lot Size |
42,602 |
Year Built |
1938 |
Listing information courtesy of: Jimmy Castellanos, Marcus & Millichap. *Based on information from the Association of REALTORS/Multiple Listing as of Sep 17th, 2024 at 11:00 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.