160 Park Place, Santa Cruz, CA 95060 - Berkshire Hathaway HomeServices California Properties
Phone310-890-6928
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160 Park Place, Santa Cruz, CA 95060

$3,675,000 Approx. USD 0 beds, 0 baths
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Listing Agent


Daniel Oster | daniel.oster@cbrealty.com
Lic#: 01381869
Broker: Courtesy of Coldwell Banker Realty

Agent Remarks

Meticulously maintained 9 unit property, 160 Park Place is a standout investment opportunity in the heart of Santa Cruz. The building features an ideal floorplan mix with 8 townhome style 1-bedroom/1-bath units with vaulted ceilings, and one studio, attracting a mix of stable, long-term tenants. Additionally, there are nine covered parking spaces and a large storage room with potential for conversion to an on-site income producing laundry area. Recent upgrades include a new roof, updated windows, termite fumigation, new exterior paint, and sewer lateral improvements. Each unit is 100% electric with separate meters, allowing tenants to pay for their own power while the owner covers trash and water as well as hot water through a central gas water heater. Ideally located just minutes from the beach and major commute routes, 160 Park Place enjoys an excellent walkability score. With many long-term tenants in place and an impressive income-to-expense ratio, this property is a robust addition to any investment portfolio. The current insurance partner is ready to provide coverage for the new owner. Complete marketing package, including financials, inspections, and disclosures available. Don't miss this exceptional chance to own a turn key high performing investment property.Est 5+% CAP

Listing Details

Property type: (Commercial)
Status: Active
MLS# ML81979466
Price: $3,675,000
HOA Fee is $0.00
Built in 1978
0.11 acres
Lot size: 0.1130
County: Santa Cruz
Zoning: Mutlires
Heating/cooling: None
Heating description: Electric
MLS area: 699 - Not Defined

Last Updated: 4/30/2025

 Days On Market (DOM): 176

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This listing belongs to the 699 - Not Defined MLS area

Lat/Long: 36.966414, -122.016409.
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DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or its applicability to your financial situation. Please consult your financial and/or tax advisor. GET PRE-APPROVED The loan's interest rate will depend upon the specific characteristics of the loan transaction and credit profile up to the time of closing.

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