313 Raymond St

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Address: 313 Raymond St, Santa Cruz, CA 95060, USA
Created date: December 17, 2024
Date last updated: December 17, 2024

Property Description

Marcus & Millichap is pleased to present 313 Raymond Street in Santa Cruz, California. 313 Raymond Street is a five-unit apartment that is walking distance to The Santa Cruz Beach Boardwalk. The property has four (4) 1 Bedroom x 1 Bathroom units, and one (1) 2 Bedroom x 1 Bathroom unit. 313 Raymond Street’s prime location makes this an exceptional opportunity for investors. Located less than a half mile away from Downtown Santa Cruz, tenants have easy access to the many shops, restaurants, cafes, and entertainment. The University of California, Santa Cruz is less than four miles from the property and the Santa Cruz Beach Boardwalk is just a short walk down the road. Downtown San Francisco is roughly an hour north and San Jose is a mere 30-minute drive. Huge employers are located nearby, such as: PayPal, Adobe, Cisco Systems, Google, Facebook/Meta, and Apple are all less than 45 minutes away.

Key Property Information

Listing Status: Available
Listing Type: Highest & best offer
Property Types: Apartment Buildings
Price: $1,875,000
No. of Units: 5
Cap Rate: 5.14%
GRM /GIM: 11.79
Building Size: 2,244 Sq ft
Opportunity Zone: No
Price per unit: $375,000
Address: 313 Raymond St, Santa Cruz, CA 95060, USA

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