$14,850,000
$15,000,000
1.0%For more information regarding the value of a property, please contact us for a free consultation.
60,410 SqFt
SOLD DATE : 06/17/2020
Key Details
Sold Price $14,850,000
Property Type Multi-Family
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
Square Footage 60,410 sqft
Price per Sqft $245
MLS Listing ID ML81789178
Sold Date 06/17/20
HOA Y/N No
Year Built 1987
Annual Tax Amount $130,303
Lot Size 3.376 Acres
Acres 3.376
Property Description
This very well maintained apartment complex is conveniently located within the heart of the Watsonville Multi Residential district, and convenient to schools, shopping, public transportation, all City services, and Highway One. Watsonville and the Pajaro Valley are located within one of the most important fruit and vegetable regions of the United States, as such, most tenants have employment almost the entire year. All 80 apartment units have private enclosed garages plus assigned outside second parking spaces. (3 One Bedroom One Bath; 56 Two Bedroom One Bath; 21 Three Bedrooms One Bath) This Garden Hill Apartment Complex enjoys a zero vacancy rate, and current rent rates are being increased. Each apartment unit has a private balcony or patio, and the on site coin operated laundry offers 10 wash machines and 10 dryers. Exterior paint and all roofs were re-done 2010 Don't miss this special investment opportunity, that is performing very well during current economic conditions.
Location
State CA
County Santa Cruz
Area 699 - Not Defined
Zoning R-3
Interior
Heating Wall Furnace
Cooling None
Flooring Carpet
Fireplace No
Appliance Disposal, Refrigerator, Range Hood, Vented Exhaust Fan
Exterior
Garage Guest, Uncovered
Garage Spaces 80.0
Garage Description 80.0
Utilities Available Natural Gas Available
View Y/N Yes
View City Lights, Hills
Roof Type Composition
Accessibility Parking
Parking Type Guest, Uncovered
Total Parking Spaces 100
Building
Lot Description Corners Marked, Paved
Story 2
Foundation Quake Bracing
Sewer Public Sewer
Water Public
Architectural Style Traditional
Schools
High Schools Other
School District Other
Others
Tax ID 01620110000
Security Features Security Lights
Financing Other
Special Listing Condition Standard
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Bought with Charles Allen • Keller Williams Realty Santa Cruz
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CEO | DRE# SA695240000 | DRE# 02100184