1105 Water St Santa Cruz, CA 95062-1514
- Office buildings
- 3,278 SF
- 0.27 lot acres
Current Use by Public Records
- Women, Infants & Children (WIC) / Social Services Organization / Public Health Department
Property Details for 1105 Water St
- Year built
- 1965
- Construction
- TILT-UP CONCRETE
- Lot size
- 0.27 lot acres
- Property size
- 3,278 SF
- Property type
- Office buildings
- APN
- 009-243-26
- APU
- 924326
Description
This exceptional investment opportunity presents a fully leased commercial property at 1105 Water St, Santa Cruz, CA 95062. The property consists of two buildings totaling 5,260 square feet on an 11,674 square foot lot, zoned C-4 (Commercial). Built in 1965 with an addition in 1985, the property boasts 12 on-site parking spaces, plus street parking, and a security system. The property enjoys a prime Midtown location near Seabright Avenue and Downtown Santa Cruz, ensuring high visibility and traffic. Currently, four tenants occupy the space: Community Bridges (2,000 sq ft), Habitat for Humanity (1,840 sq ft), State Farm Insurance (800 sq ft), and Surf City Windows & Gutters (650 sq ft). All tenants recently renewed their leases, indicating a stable tenant base with minimal turnover. A roof reserve fund is in place. The property offers a 5.03% cap rate and a net operating income (NOI) of $112,093.20, with an asking price of $2,250,000. The APN is 009-243-26-000. This presents a compelling investment opportunity in Santa Cruz's thriving commercial market.
Value Estimations
-
AI approach
- Method
- Estimation
- ML approach
- $350,000
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Location Insight
- Map
- Local Demand
- City
- Santa Cruz
- County
- Santa Cruz
- State
- California
- Longitude
- -122.01
- Latitude
- 36.9816
- CBSA code
- 42100
- CBSA name
- SANTA CRUZ-WATSONVILLE, CA METROPOLITAN STATISTICAL AREA
