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Archived almost 5 years ago

$590,000

2 bd 1 ba

716 California St, Santa Cruz, CA 95060

Residential SFR Needs Repairs Off MLS

Current Rent **

N/A

Projected Rent **

N/A

Estimated Cap Rate *

Pro Only

Estimated Cash on Cash ROI *

Pro Only

Estimated Rent †

Pro Only

Estimated Rent Confidence ‡

Very High

NEW PRICE!!!! Santa Cruz Contract Assignment Opportunity - $590,000

NEW PRICE!!! MUST BE UNDER CONTRACT BY MONDAY. Contract assignment opportunity

Opportunity to purchase an assignable contract in the city of Santa Cruz with an estimated ARV of $950,000+. Located just down the street from Santa Cruz High School, this property offers the right investor an amazing chance to buy an off-market fixer. The seller has owned the property for 20+ years (deferred maintenance and rehab work needed). Offered at $590,000. Property to be delivered vacant at close of escrow.

A little bit about the property/area:

A classic redwood Victorian home filled with Santa Cruz character, in a convenient central location. The property has a Walk Score of 85 and a Bike Score 98. Some of the best schools, delicious restaurants, and the most popular concert venues within an easy and pleasant walk to downtown. A Palo Alto Medical Foundation Urgent Care Center has also opened recently just a couple blocks away. This can be a lifestyle changing home for the next owner, just a 20-minute walk to the beach!

Email for more photos - [email protected]

Location:

716 California St, Santa Cruz, CA 95060

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* The cap rate and cash on cash return calculations found on BiggerPockets Listings are estimated and designed to be used for informational and educational purposes only, and when used alone, do not constitute investment advice. They assume 3 months worth of expenses and estimate taxes and insurance. BiggerPockets recommends that you seek the advice of a real estate professional before making any type of investment. The results presented may not reflect the actual return of your own investments. BiggerPockets is not responsible for the consequences of any decisions or actions taken in reliance upon or as a result of the information provided by these tools. Furthermore, BiggerPockets is not responsible for any human or mechanical errors or omissions.

** Current rent and projected rent are provided by the lister.

† Rental comps are pulled by looking at property characteristics (beds, baths, structure type), date the rent listing was captured, and proximity to the searched location.

‡ Confidence levels range from low to very high. Confidence is determined by the number of recent and relevant comparable properties for any given search. A very high confidence level indicates a high number of recent and similar rental listings.