Property Details for 3230-3240 Mission Dr

Year built

1975

Property size

20,604 SF

Property type

Residential income homes

Description

This exceptional investment opportunity presents a delightful six-unit multifamily property nestled in Santa Cruz, California. The portfolio comprises three stand-alone homes, one attached home, and two townhome-style units, all situated on a spacious lot with ample off-street parking. The property boasts a total of 20,604 square feet and is zoned RM-3. The original three-bedroom, two-bathroom home features a charming pergola entry and a lush garden. Two townhome-style units, each offering a two-story, two-bedroom, 1.5-bathroom layout (985 sq ft), and a single-level, two-bedroom, one-bathroom attached home (830 sq ft with potential expansion to 1030 sq ft) complete the front section. The rear of the property includes two additional stand-alone homes, each with an attached garage offering expansion potential. One features a two-bedroom, one-bathroom floor plan (911 sq ft, expandable to 1111 sq ft), and the other a two-bedroom, 1.5-bathroom floor plan (982 sq ft, expandable to 1182 sq ft). Two outbuildings offer potential for conversion to accessory dwelling units (ADUs). The property is offered at $2,975,000, with seller financing available (30% down, low monthly payments). The property's location in Mid-County Santa Cruz (3230-3240 Mission Drive, 95065) provides excellent access to local amenities and attractions. Existing documentation allows for potential subdivision or TIC conversion. Each of the back three homes has separate utilities (water, gas, and electric). This presents a unique opportunity for significant upside potential through ADU conversions and/or property subdivision. Built in 1975, this Class B property offers a compelling return on investment.

Location Insight

City

Santa Cruz

County

Santa Cruz

State

California

Longitude

-121.98

Latitude

36.9905