MLS® ID: ML81770984
307+309 Raymond ST
SANTA CRUZ, California, 95060 $2,999,000
Amazing investment opportunity less than two blocks from Main Beach in Santa Cruz. Own a remodeled 3 bedroom, 3.5 bathroom home plus 12 apartment units. Situated between the mountains and the sea, Santa Cruz is a desirable investment location due to the high rental demand with an expanding University of California, its proximity to Silicon Valley, world class surfing, mountain biking, beaches and a growing tourism industry. Located within a short distance of The Boardwalk, Cowells Beach, West Cliff Drive, Seabright Beach, The San Lorenzo Riverwalk, Downtown SantaCruz, restaurants, shops and a brand new Courtyard Marriott Hotel coming soon. Coin-op laundry onsite. Listed at 10.8 times yearly gross market rents, this property is a great value for the savvy investor.