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6 Delightful Village Residences
Delightful Village of 6 Residences, with 3 stand-alone Homes plus 3 Townhome-style units and 2 Outbuildings. All this on a large garden parcel with ample yards and plenty of off-street parking on a prime Mid-County location!
The Original 3 BR/1.5 Bath Home sits back from Mission Dr behind a charming entry pergola and picket-fenced front yard with lush garden. In its large back yard is an outbuilding with potential for conversion to an ADU.
Next down the driveway are 3 Townhome-style units, each with private back yards: Two have 2-story 2/1.5 985 SF floorplans and the third has a 2/1 single-level 830 SF floorplan with an adjacent garage that offers potential to expand to a 3/2 of 1030 SF.
At the back of the property are the final 2 standalone homes, each of which has an attached garage offering room to add another bedroom and bath. One has a 2/1 floorplan in 911 SF, expandable to 1111 SF, and the other has a 2/1.5 floorplan in 982 SF, expandable to 1182 SF plus an outbuilding with potential for conversion to yet another ADU.
Research shows Market GSI of $300K as-is, with upside if you convert the garages and ADUs. Additional opportunities abound with a tentative map and TIC docs ready to file, and an adjoining parcel offered separately that is entitled for development of 21 units.
And following is the text for the Confidential Agent Remarks section:
Contact Listing Agent for Showings. The house at 3230 Mission Dr is available for the initial showing, and other units can be made available to show upon a return visit. Each unit has its own address and PG&E service. Regarding "UTILITIES, OTHER": The 3 townhouses have 1 water meter, and the 3 houses are on separate water meters. Regarding “FINANCING": Owner will carry Buyer's loan, with considered terms of up to 70% LTV and a competitive interest rate of 6.5%, with interest-only payments providing better monthly cash flow, and the full principal balance due in 7-10 years.
Offering Memorandum
Download the offering memorandum for this property, and view additional disclosures related to the property.
Santa Cruz
Nestled along the stunning coastline of central California, Santa Cruz is a captivating coastal gem that seamlessly blends natural beauty with a laid-back, bohemian atmosphere. Renowned for its iconic beach boardwalk, the city exudes a classic California charm, attracting surfers, artists, and nature enthusiasts alike. With its vibrant downtown, Santa Cruz offers a diverse array of eclectic shops, artisanal eateries, and a thriving arts scene, all set against the backdrop of the majestic Santa Cruz Mountains. The city's redwood-lined landscapes provide a picturesque backdrop for outdoor activities, from hiking in the nearby state parks to exploring the serene UC Santa Cruz Arboretum. Santa Cruz's distinctive blend of surf culture, progressive values, and breathtaking scenery creates a unique and welcoming enclave on the California coast, making it a must-visit destination for those seeking a harmonious blend of beachside relaxation and vibrant community spirit.