816 Riverside Ave, Santa Cruz, CA 95060

$2,650,000
4,070
SqFt
List Price
$2,650,000
MLS#
ML81811329
Status
ACTIVE
Sqft. of Residence
4,070
Lot Size
8,146
Listing Area
East Santa Cruz
Year Built
1976

Property Description

5 townhouse style units, each with its own enclosed private patio on a peaceful garden setting with old growth landscaping plus a large back patio common area and bonus triangular area adjoining the rear alley with common areas fully lit at night. Located on the quiet section of Riverside dotted with Victorians, walking distance to the shops and restaurants of downtown Santa Cruz. Built and designed by Holcomb to condominium standards in 1976 with double-framed walls to divide them, individual water heaters and separate water shutoff valves for each. Includes 48 SF storage and 54 SF laundry room, plus 5 covered and 5 open parking spaces. 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 as 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.

Additional Information

Acres
0.187
Age
44
Cooling System
None
Floor Covering
Carpet, Vinyl / Linoleum
Foundation
Concrete Perimeter and Slab
Garage Parking
Assigned Spaces, Covered Parking, Lighted Parking Area
Heating System
Electric
Laundry Facilities
Coin Operated, Washer / Dryer
Living Area
4,070
Lot Description
Grade - Level
Lot Size
8,146
Neighborhood
East Santa Cruz
Other Utilities
Individual Electric Meters, Public Utilities
Roof
Rolled Composition
Sewer
Sewer Connected
Special Features
None
Style
Traditional
View
City
Zoning
RM

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
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Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Datta Khalsa from Main Street Realtors

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