This offering includes 2 parcels: 007-213-08 & 007-213-09 @ 124-206 1st St, Santa Cruz. Sandcastle Apartments offers an investor the rare opportunity to own a piece of Beach Hill, an always-in-demand area. Built in 1925, Sandcastle Apartments features much of the original charm & architecture, offering the distinguishing investor the opportunity to acquire a 12-unit property in a historically strong rental market. Gated community includes 8-studio, 3-1 bed/1 bath, & 1-2 bed/1 bath apartments that offer residents natural light & breathtaking ocean views. Recent improvements to the community include a laundry care center with SMART machines, an inviting ocean view rooftop sundeck with firepit and lounge furniture, BBQ, new exterior doors, exterior paint, landscaping, and locking mailboxes. Renovated units feature new appliances, lighting and ceiling fans, hardware, woodgrain LVT, new miniblind window coverings and interior paint. Minutes from the boardwalk, wharf & downtown area.
