160 Park Place
$3,600,000
—
5,681
5,681
$634
Description
Meticulously maintained 9 unit property, 160 Park Place is a standout investment opportunity in the heart of Santa Cruz. The building features an ideal floorplan mix with 8 townhome style 1-bedroom/1-bath units with vaulted ceilings, and one studio, attracting a mix of stable, long-term tenants. Additionally, there are nine covered parking spaces and a large storage room with potential for conversion to an on-site income producing laundry area. Recent upgrades include a new roof, updated windows,...Meticulously maintained 9 unit property, 160 Park Place is a standout investment opportunity in the heart of Santa Cruz. The building features an ideal floorplan mix with 8 townhome style 1-bedroom/1-bath units with vaulted ceilings, and one studio, attracting a mix of stable, long-term tenants. Additionally, there are nine covered parking spaces and a large storage room with potential for conversion to an on-site income producing laundry area. Recent upgrades include a new roof, updated windows, termite fumigation, new exterior paint, and sewer lateral improvements. Each unit is 100% electric with separate meters, allowing tenants to pay for their own power while the owner covers trash and water as well as hot water through a central gas water heater. Ideally located just minutes from the beach and major commute routes, 160 Park Place enjoys an excellent walkability score. With many long-term tenants in place and an impressive income-to-expense ratio, this property is a robust addition to any investment portfolio. The current insurance partner is ready to provide coverage for the new owner. Complete marketing package, including financials, inspections, and disclosures available. Don't miss this exceptional chance to own a turn key high performing investment property. Est 5.2% CAP
- Listed by Daniel Oster • DRE #01381869 • Brokerage DRE #01908304 • Coldwell Banker Realty • 831-252-5000
Property Details for 160 Park Place
MLS City Name
SANTA CRUZ
Building TypeOther
Garage Spaces0
Parking Spaces0
LISTING UPDATED: 12/09/2024 06:09 AM
Property Details for 160 Park Place
Status | Active |
---|---|
MLS # | ML81979466 |
Days on Compass | 41 |
Taxes | $38,535 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family 5+ |
MLS Type | 5+ Units / Five or More Units |
Year Built | 1978 |
Lot Size | 0.11 AC / 4,922 SF |
County | Santa Cruz County |
Building Information for 160 Park Place
Stories-Residences-Year Built1978Building Size-Lot Size0.11 AC / 4,922 SF
Property Information for 160 Park Place
Property History for 160 Park Place
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 160 Park Place
Taxable ValueLand$922,446Additions$657,329Total$1,579,775
Tax Record2024$18,227 ($1,519 / month)
Home Facts
Baths9Total Finished SqFt5,681 SqFtAbove Grade Finished SqFt5,681 SqFtLot Size4,922 SqFtStyleMulti-Family Res (5+ Units)Year Built1978CountySANTA CRUZAPN007-292-29
Schools near 160 Park Place
This home is within Santa Cruz City High School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 5 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Public - | 9 to 12 |
Rating | School | Distance |
---|---|---|
Gault Elementary School PublicK to 5 | ||
Mission Hill Middle School Public6 to 8 | ||
Harbor High School Public9 to 12 | ||
Santa Cruz High School Public9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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