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Listed by Chris Shoemaker • Shoemaker Commercial Real Estate
$ 3,395,000
Est. payment | /mo
3 Beds
1 Bath
4,370 SqFt
$ 3,395,000
Est. payment | /mo
3 Beds
1 Bath
4,370 SqFt
Key Details
Property Type Commercial
Sub Type Five or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 4,370 sqft
Price per Sqft $776
MLS Listing ID ML82017054
Bedrooms 3
Full Baths 1
Year Built 1956
Lot Size 0.298 Acres
Property Sub-Type Five or More Units
Property Description
1450 Merrill St, known as Seadowns, is a three-building, nine-unit property that has been owned by the seller for 26 years. It is in close proximity to area beaches, East Cliff Drive, Pleasure Point, the Santa Cruz Small Craft Harbor, Sunday Live Oak farmer's market, Simpkins Swim Center and many local restaurants. The property contains ample outdoor space, providing a peaceful living experience for the renters. The property provides excellent walkability and bikeability. It also has 11 parking spaces, including 5 covered carport spaces. The coin-operated laundry is leased by the owner. The unit mix includes six 1-bedroom, 1-bath units (1-6) in the two-story building. Each of these six units has access to the outdoor space behind the building and has additional locked storage in the carport. Near the front of the property is a 2-bedroom, 1-bath unit (A) with a large fenced front yard, a 1 bedroom, 1-bath unit (B) with a fenced back yard and covered patio, and a stand-alone 2-bedroon, 1-bath unit (C). The owner has completed recent improvements including a new sewer lateral, new roof on the carport and laundry area, and fumigation for termites. Between turnovers, the Landlord has also painted the units, and updated appliances and fixtures, and installed new carpets.
Location
State CA
County Santa Cruz
Area Live Oak
Zoning RM-2.5
Interior
Heating Wall Furnace
Cooling None
Flooring Carpet, Laminate
Exterior
Parking Features Carport , Parking Area
Utilities Available Individual Electric Meters
Roof Type Composition
Building
Foundation Concrete Slab
Sewer Sewer - Public
Water Public
Others
Restrictions None
Tax ID 027-273-02-000
Security Features None
Special Listing Condition Not Applicable
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John Faylor
Realtor | Lic# 1065896