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3230 Mission Drive, Santa Cruz, CA, USA

Offered At:

$2,975,000

Bds.

Bths.

SqFt

5672

6 Delightful Village Residences

ML81960512

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 floor plans 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.


Contact Listing Agent for Showings.


Regarding "UTILITIES, OTHER":

Each unit has its own address and PG&E service.

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%, with interest-only payments providing better monthly cash flow, and the full principal balance due in 7-10 years.

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More Information

We have compiled a comprehensive package of property information. To learn more about this property, submit a request to view the disclosure package.

Features & Details

01

Versatile Living Configurations

This property offers a mix of 6 residences, including standalone homes, townhouse-style units, and attached homes, all with private yards. Buyers can enjoy flexible living options that cater to multi-generational families, rental income potential, or a blend of both.

03

Prime Location in Santa Cruz County

Nestled in a sought-after mid-county area, this property provides easy access to local amenities, parks, and beaches. Its strategic location enhances lifestyle appeal while offering proximity to schools, shopping, and major transport routes.

02

Expansion Opportunities

With convertible garages and outbuildings primed for ADU conversion, there's potential to expand the living space and significantly increase rental income. This feature adds incredible value for investors or homeowners seeking future growth.

04

Investment Upside and Flexible Development Options

The property comes with a tentative map and TIC documents ready to file, offering pathways for subdivision or creative sales structures. Whether aiming to retain units as rentals or capitalize on the de minimis PUD sales, this investment promises diverse financial benefits.

  • Zoning: RM-3 (Residential Multi-Family)

  • Potential Development Options:

    • ADU conversions in garages and outbuildings

    • Subdivision opportunities with a tentative map and TIC documents ready to file

    • Potential to sell 3 back homes as de minimis PUD dwellings and retain front units for rental investment

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.

Property Presented By

Datta Khalsa

Residential, Commercial, and Business Sales

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