1584 Chanticleer AVE, Santa Cruz, CA 95062
1584 Chanticleer AVE, Santa Cruz, CA 95062
1584 Chanticleer AVE, Santa Cruz, CA 95062
25
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$7,250,000
Est. payment /mo
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1.42 Acres Lot
Active

1584 Chanticleer AVE Santa Cruz, CA 95062

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Herb Rim

Herb Rim

+1(818) 699-9179

UPDATED:

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

MLS Listing ID ML82055928

HOA Y/N No

Year Built 1977

Annual Tax Amount $96,970

Lot Size 1.415 Acres

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 5.0% Cap Rate at the asking price with property taxes adjusted accordingly. Please view vitual tours on MLS. Offering Memorandum available upon request.

Location

State CA

County Santa Cruz

Area 699 - Not Defined

Zoning RM-4

Interior

Heating Wall Furnace

Cooling None

Fireplace No

Exterior

Roof Type Composition

Building

Water Public

Schools

Elementary Schools Live Oak

Middle Schools Other

High Schools Santa Cruz

School District Other

Others

Tax ID 02914407000

Special Listing Condition Standard

Virtual Tour https://youtu.be/Sxpkm2e7LuQ

CRMLS Full IDX Feed (MAIN Website Search)
Listed by Joel Calvillo KW Bay Area Estates #01733780

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1584 Chanticleer AVE

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Herb Rim

Herb Rim

Realtor License ID: 01870707

+1(818) 699-9179

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