Santa Cruz - Beach Property For Sale #3272055

Please go to disclosure link below to sign Confidentiality Agreement. Once return LA will send financials etc. Fantastic assumable loan- approximately $4.4M at 3.4% for 3+yrs.Rarely does a 24-unit investment property in one of the strongest rental markets with tremendous upside come to market. Family owned for decades, pride of ownership-just take a look at the incredible interiors of upgraded units. Location is extremely desirable- easy walk/bike ride to ocean,beach,boardwalk,downtown,wharf and also easy access to freeway for commuter. Value add upside in updating non-upgraded units bring rents to market (recent $8M appraisal available upon request), also available feasibility study ,available on request, shows ability to add more units.