10
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Listed by Shawki Farhat, DRE #02225210 • Raeid Farhat Real Estate Inc
$1,799,999
Est. payment /mo
3 Beds
3 Baths
4,192 SqFt
New
520 Chestnut ST Santa Cruz, CA 95060
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Key Details
Property Type Multi-Family, Commercial
Sub Type Five or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 4,192 sqft
Price per Sqft $429
MLS Listing ID ML82063618
Bedrooms 3
Full Baths 3
Year Built 1960
Lot Size 5,053 Sqft
Property Sub-Type Five or More Units
Source MLSListings, Inc.
Property Description
Exceptionally well-maintained 5-unit multi-family property perfectly positioned in the vibrant heart of Santa Cruz. This clean, turnkey asset combines steady historical performance with a rare value-add opportunity, making it a standout acquisition. Significant Upside Potential. Currently low, below-market rents that provide a clear runway for an astute investor to boost cash flow. Offered at under $360k per door, this property represents a remarkably cost-effective entry into the highly competitive Santa Cruz Market. Historically low vacancy, anchored by perennially high tenant demand in the local rental market. Situated just blocks from vibrant Downtown Santa Cruz, residents enjoy effortless access to trendy local eateries, boutique shopping, coffee shops, and local entertainment. An ideal spot for students, with seamless transit options and routes heading directly to the UCSC campus. A short drive or bike ride to the world-famous Santa Cruz Beach Boardwalk, the wharf, and iconic local surf spots. Exceptional positioning close to major regional transit arteries, including Highway 1 and Highway 17, ensuring effortless travel over the hill or down the coast.
Location
State CA
County Santa Cruz
Area West Santa Cruz
Zoning R
Interior
Heating Wall Furnace
Cooling None
Exterior
Parking Features Assigned Spaces, Unassigned Spaces
Garage Spaces 4.0
Utilities Available Public Utilities
Roof Type Composition
Building
Foundation Concrete Slab
Sewer Sewer - Public
Water Public
Others
Tax ID 005-071-21-000
Special Listing Condition Not Applicable
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