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236 Ocean Street

Santa Cruz, CA 95060
  • $1,900,000
  • STATUS: Active
  • ON SITE: 239 Days
  • ID#: ML81957573
UPDATED: 70 min ago
$1,900,000
  • 0
    BEDS
  • 0.23
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
County:

School Ratings & Info

School District:
Listing Agent(s): Paul Zech of Coldwell Banker Realty ((831) 688-6461) and Jessica Wallace of ()


Description

1,749 sq. ft. single story building and two parcels, have significant development opportunities. This property is a prime investment opportunity because of the possible many uses and its zoning the City of Santa Cruz has shared with the seller. The location allows for no required parking on site. There are two parcels. One is 6,409 Sq Ft, and the other is 3,444 Sq Ft. Total approx. 9,853 Sq Ft. The current rental income is strong $7K-9K monthly (more when farmers market is present) and there is additional space inside and outside to generate more. Development insights provided by Santa Cruz City Planning & Zoning Dept. states Currently a minimum of 6 units would be permitted , 2-4 stories tall, quite possibly more units and 1-2 more stories height increase subject to buyers approved plans. City also declares the site does qualify for low income housing and in that case, developer could possibly go to 5 stories tall and there is no maximum number of units. The seller and agents do not warranty what is written, and buyer to perform due diligence

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Based on information from California Regional Multiple Listing Service, Inc. as of 2024-11-09T16:32:33.203. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Pometto Team Realty | Compass. Licensed in the State of California, USA.
www.carlsbadsearch.com/homes/148588791
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236 Ocean Street Santa Cruz, CA 95060

  • Price: $1,900,000
  • Status: Active
  • On Site: 239 Days
  • Updated: 70 min ago
  • ID#: ML81957573
0
Beds
0
Baths
0
½ Baths
0.23
Acres
Neighborhood:
699 - Not Defined
County:
Santa Cruz
Area:
699 - Not Defined
School District:
Other
Property Description
1,749 sq. ft. single story building and two parcels, have significant development opportunities. This property is a prime investment opportunity because of the possible many uses and its zoning the City of Santa Cruz has shared with the seller. The location allows for no required parking on site. There are two parcels. One is 6,409 Sq Ft, and the other is 3,444 Sq Ft. Total approx. 9,853 Sq Ft. The current rental income is strong $7K-9K monthly (more when farmers market is present) and there is additional space inside and outside to generate more. Development insights provided by Santa Cruz City Planning & Zoning Dept. states Currently a minimum of 6 units would be permitted , 2-4 stories tall, quite possibly more units and 1-2 more stories height increase subject to buyers approved plans. City also declares the site does qualify for low income housing and in that case, developer could possibly go to 5 stories tall and there is no maximum number of units. The seller and agents do not warranty what is written, and buyer to perform due diligence
Exterior Features

Fencing Partial Parking Total 0

Property Features

Association Fee 0 Listing Agreement Exclusive Right To Sell Water Source Public Zoning CN



Based on information from California Regional Multiple Listing Service, Inc. as of 2024-11-09T16:32:33.203. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Pometto Team Realty | Compass. Licensed in the State of California, USA.
 
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Pometto Team Realty | Compass
5796 Armada Dr., Suite 250
Carlsbad CA, 92008
Listing Agent(s): Paul Zech of Coldwell Banker Realty ((831) 688-6461) and Jessica Wallace of ()