236 Ocean Street
Santa Cruz, CA 95060
- – beds
- – baths
- – sqft
- 9,853 sqft lot
- – on site
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.
Listed By CRMLS_CA / Paul Zech / Coldwell Banker Realty
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Last updated Apr 12, 2024
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MLS# ML81957963 —
This property is listed in more than one place. See it here, and here.
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Sale history
Date | Event | Source | Price | % Change |
---|---|---|---|---|
3/18/24
Mar 18, 2024
|
Listed / Active | CRMLS_CA | $1,900,000 |