313 Raymond Street

Santa Cruz, CA 95060

$1,875,000
Price
Beds
2,244 Sq. Ft.
$836 / Sq. Ft.
2,244
Sq. Ft.
$836
per Sq. Ft.

Description

313 Raymond Street is a five-unit apartment in close proximity to Downtown Santa Cruz, Santa Cruz Wharf and the Santa Cruz Beach Boardwalk. The property has four (4) 1 Bedroom x 1 Bathroom units, and one (1) 2 Bedroom x 1 Bathroom unit. 313 Raymond Streets prime location makes this an exceptional opportunity for investors seeking appreciation and cash flow. Located less than a ~half mile away from Downtown Santa Cruz, tenants have easy access to the many shops, restaurants, cafes, and entertainment....313 Raymond Street is a five-unit apartment in close proximity to Downtown Santa Cruz, Santa Cruz Wharf and the Santa Cruz Beach Boardwalk. The property has four (4) 1 Bedroom x 1 Bathroom units, and one (1) 2 Bedroom x 1 Bathroom unit. 313 Raymond Streets prime location makes this an exceptional opportunity for investors seeking appreciation and cash flow. Located less than a ~half mile away from Downtown Santa Cruz, tenants have easy access to the many shops, restaurants, cafes, and entertainment. Marketing Package available upon request.

Property Details for 313 Raymond Street

MLS City Name
SANTA CRUZ
Building Type
Other
Garage Spaces
0
Parking Spaces
0
LISTING UPDATED: 11/07/2024 11:00 AM

Property Details for 313 Raymond Street

StatusActive
MLS #ML81985988
Days on Compass88
Taxes$21,171 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family 5+
MLS Type5+ Units / Five or More Units
Year Built1898
Lot Size0.07 AC / 3,180 SF
CountySanta Cruz County

Building Information for 313 Raymond Street

Stories-Residences-Year Built1898Building Size-Lot Size0.07 AC / 3,180 SF

Property Information for 313 Raymond Street

Features
Features
  • Fireplace: No
  • Living SqFt: 2244
  • Pool: No
  • Security Features: None
  • Special Features: None
Utilities
  • Cooling: None
  • Heating: Wall Furnace
  • Meters: Master Water
  • Sewer Septic: Sewer Connected
  • Utilities: Individual Electric Meters
  • Water: Water On Site
Carport and Parking
  • Carport Min: 0
Garage
  • Garage and Parking: No Garage
Property Details
Homeowners Association
  • HOA Exists: 0
  • HOA Fee: $0
Property Details
  • Min Num Of Units in Complex: 5
  • Area Text: West Santa Cruz
  • Restrictions: None
  • Roof: Composition
  • Subclass: Five or More Units
  • Year Built Source: Assessor
  • Street Number: 313
  • Street Name: Raymond
  • Street Suffix: Street
  • Area ID: 43
Lot / Property Details
Building Information
  • Number of Buildings: 1
  • Structure SqFt: 2244
  • Structure SqFt Source: Assessor
  • Age: 126
Development Information
  • Zoning Detail: RTD - TOURIST BEACH RES
Location Information
  • City Limits: Yes
  • Parcel Number: 007-281-13-000
  • County Name: Santa Cruz
  • City Name: SANTA CRUZ
  • City Postal ID: 64
  • Postal Code: 95060
  • Elementary School District: 840
  • High School District Text: Santa Cruz City Elementary
Lot Information
  • Foundation: Concrete Perimeter and Slab
  • Lot Acres: .07
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Minimum Units: Square Feet
  • Lot Size Source: Assessor
Multi Family Information
Building Information
  • No Of Leased: 5
General Information
  • Annual Tax Amount: $21,171
  • Capitalization Rate: 5.14
  • Tenant Expenses: Utilities - Electric, Utilities - Gas
  • Income Includes: None
  • Vacancy Factor: 3
Income / Expense Details
  • Expense Insurance: $5,000
  • Expense Landscape: $1,500
  • Expense Maintenance: $2,500
  • Expense Management: $0
  • Expense Trash: $1,200
  • Expenses Other: $0
  • Expenses Utility: $9,873
  • Expenses Total: $41,244
  • Operating Expenses Include: Fee - Property Tax, Insurance, Maintenance, Services - Gardener, Services - Trash Removal, Utilities, Vacancy Factor
  • Gross Rent Multiplier: 13.21
  • Income Annual Gross: $137,701
  • Income Annual Rental: $141,960
  • Income Gross Scheduled: $141,960
  • Income Other: $0
Unit 1 Information
  • Unit 1 Full Bathrooms: 1
  • Unit 1 Number of Bedrooms: 1
Unit 2 Information
  • Unit 2 Full Bathrooms: 1
  • Unit 2 Number of Bedrooms: 2

Property History for 313 Raymond Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 313 Raymond Street

Taxable ValueLand$780,863Additions$446,208Total$1,227,071
Tax Record2024$14,121 ($1,177 / month)
Home Facts
Baths7Total Finished SqFt2,244 SqFtAbove Grade Finished SqFt2,244 SqFtLot Size3,180 SqFtStyleMulti-Family Res (5+ Units)Year Built1898CountySANTA CRUZAPN007-281-13

Schools near 313 Raymond Street

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.

Similar Homes

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

313 Raymond Street is for sale in Santa Cruz, CA 95060. This property was listed for sale on November 7, 2024 by Marcus & Millichap, it's currently listed at $1,875,000. It has been on the market for a total of 88 days and was last sold on June 21, 2018. This listing's school districts are Santa Cruz City High School District, Santa Cruz City Elementary School District. Nearby schools include Gault Elementary School, Mission Hill Middle School and Harbor High School. 313 Raymond Street is a 0-bed, 0-bath, 2,244 sqft built in 1898.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Marcus & Millichap, Mitchell Zurich, DRE #01870648

Based on information from one of the following Multiple Listing Services: San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.