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816 Riverside Avenue

Santa Cruz, Ca. 95060

Offered at $2,650,000

5 Units | 4,070 sqft Building | 8,146 sqft  Lot | ML81811329

Townhouse Style 5 Units in Santa Cruz

2 Bd. 

1 Ba.

4,070

1976

$2,650,000

The property has 2 buildings comprised of 5 townhouse style units, each occupying 768 SF with its own enclosed private patio on a peaceful garden setting with old growth landscaping plus a large back patio perfect for a common area. Located on the quietest section of Riverside dotted with Victorian homes, walking distance to the shops and restaurants of downtown Santa Cruz.

Built-in 1976 of simple, sturdy architecture with comp shingle roofs and copper plumbing, these abodes were designed by Holcomb, who would go on to develop Seascape, they were built to condominium standards in place at the time of construction with 2 sets of framing and dead air space in the demising walls between them, with individual water heaters and separate water shutoff valves for each.

Also included is a 48 SF owner’s shop storage space and 54 SF laundry room, with 5 covered and 5 open parking spaces. The common areas are fully lit at night and in addition to the lands in front, there is a triangular piece adjoining the rear alley.

The property has been held in the same family for over two decades, during which time they have faithfully maintained the buildings and updated each unit when they turn over. This is a rare opportunity to acquire a heritage property with good bones and solid cash flow, and the Seller will consider financing as an installment sale with 1/3 down payment.

 
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NEIGHBORHOOD

INFORMATION

 
 

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PRESENTED BY:

DATTA KHALSA

Broker/Owner

Main Street Realtors

Cal BRE 01161050
cell: 831.818.0181
831.462.4000 x201
datta@mainstrealtors.com