26512661 Fresno ST, Santa Cruz, CA 95062
26512661 Fresno ST, Santa Cruz, CA 95062
26512661 Fresno ST, Santa Cruz, CA 95062
26512661 Fresno ST, Santa Cruz, CA 95062
26512661 Fresno ST, Santa Cruz, CA 95062
26512661 Fresno ST, Santa Cruz, CA 95062
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Sam Mu

Sam Mu

+1(949) 258-2228
$ 4,245,000
Est. payment | /mo

0.69 Acres Lot

Save
$ 4,245,000
Est. payment | /mo
Save

0.69 Acres Lot

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

MLS Listing ID ML82053491

HOA Y/N No

Year Built 1970

Annual Tax Amount $64,448

Lot Size 0.690 Acres

Property Description

EXCELLENT OPPORTUNITY WHETHER A DEVELOPER OR AN INVESTOR. 2651-2661 Fresno Street is a rare jewel in the heart of Santa Cruz's coveted 26th Ave neighborhood, just 0.3 miles from the beach & surrounded by the coastal lifestyle that makes this pocket so desirable. For a developer, the opportunity is exceptional: feasibility study recommends redevelopment into 3-story townhomes, w/ Option A identifying a 13-unit townhouse concept utilizing State Density Bonus Laws. While pursuing entitlements, the property offers the rare advantage of in-place income, generating $26,000+ per month from 8 updated, fully leased residential units. For an investor, the existing asset is equally compelling. The upside or future opportunity to secure cash flow & retain the upside to sell, entitle or develop for add'l value. The property has updated kitchens & baths, private fenced-in yards, large common area w/ chairs & fire pit, fresh exterior paint & new landscaping, separate gas & electrical meters, 2 laundry rooms w/ app-operated payment, 8 carports & 10 onsite parking. In a market defined by limited housing supply, strong rental demand & exceptional beach proximity, Fresno Street offers immediate income today w/ a seductive path toward future upside tomorrow. Enjoy!

Location

State CA

County Santa Cruz

Area 699 - Not Defined

Zoning RM-5-PP

Interior

Heating Wall Furnace

Cooling None

Fireplace No

Exterior

Carport Spaces 8

Roof Type Bitumen,Composition,Fiberglass,Shingle

Total Parking Spaces 10

Building

Lot Description Level

Water Public

Schools

Elementary Schools Other

Middle Schools Other

High Schools Soquel

School District Other

Others

Tax ID 02826350000

Special Listing Condition Standard

CRMLS Full IDX Feed (MAIN Website Search)
Listed by Helen Pastorino Pertria #00612357
Sam Mu

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(949) 258-2228

sammuteam@gmail.com

880 Roosevelt Suite 250, Irvine, California, 92620, United States

GET MORE INFORMATION

Name
Phone*
Message

By checking this box, I agree by electronic signature to the Electronic Disclosure Consent Agreement; to receive recurring marketing communication from Sam Mu, including auto-dialed calls, texts, and artificial/prerecorded voice messages (message frequency varies; data rates may apply; reply "STOP" to opt-out of texts or "HELP" for assistance); and to the Terms of Service and Privacy Policy of this website. Consent not required to make a purchase. I understand that I can call to obtain direct assistance.

Go tour this home

26512661 Fresno ST