These two parcels have significant development opportunities. This property is a prime investment opportunity because of the possible many uses and its zoning the City of Santa Cruz has shared with the seller. The location allows for no required parking on site. There are two parcels. One is 6,409 Sq Ft, and the other is 3,444 Sq Ft. Total approx. 9,853 Sq Ft. The current income is strong, and there is additional space inside and outside to generate more. Development insights provided by Santa Cruz City Planning & Zoning Dept. states Currently a minimum of 6 units would be permitted , two stories tall, quite possibly more units and height increase subject buyers plans. City also declares the site does qualify for low income housing and in that case, developer could possibly go to 5 stories tall and there is no maximum number of units. The seller and agents do not warranty what is written, and buyer due diligence is recommended.
Listing Courtesy of MLSlistings Inc. / Coldwell Banker Realty / Paul Zech
$1,098,000
Santa Cruz Area Multi-Family
Contingent
206 Pearl Street Santa Cruz, CA 95060
Bed
0 Baths
1418 sqft
MLS# ML81943873
Delightful vintage property situated just a short stroll away from the Ocean & the iconic Santa Cruz Boardwalk - visible right from the street. This Duplex is set up as a 2bed/1 bath in the front and a 1bed/1bath in the rear. Great opportunity for those looking to live in one unit and rent out the other. Recent updates include new paint throughout the interior & many new light fixtures. The hardwood floors have been refinished and new carpet adds comfort to the bedrooms. The front bedroom captivates with its soaring ceilings, picturesque windows and overall ambiance. The large covered front porch offers a relaxing space to enjoy a morning coffee & the back yard has room for gardening with 2 garden beds and extra storage in the sheds. Electric & gas are metered separately and there is one water meter on the property. Shared washer/dryer in the back yard shed. Great rental area with high demand.
Listing Courtesy of MLSlistings Inc. / Coldwell Banker Realty / Jessica Wallace
$575,000
Watsonville Area Detached Single Family
Contingent
815 Cynthia Drive Watsonville, CA 95076
2 Bed
2 Baths
972 sqft
MLS# ML81955808
Sweet home in the 55+ Community of Pajaro Village where you have access to a community pool, spa, RV parking, community garden, library, and activities. This single level home has newer laminate flooring, fresh paint throughout the interior, attached 2 car garage, living room with fireplace. Each bedroom has their own full bathroom. As an added bonus there is large sunroom off the living area providing extra space. The backyard has so much room for gardening & BBQs and is nicely landscaped. You must be 55+ to live in Pajaro Village but any age can own. Cynthia Drive is a quiet street close to the community facilities.
Listing Courtesy of MLSlistings Inc. / Coldwell Banker Realty / Jessica Wallace