For Sale: $1,950,000 | CAP Rate 4.72% | 5.72%
Investment Overview
320 Dakota Ave offers investors a unique opportunity to own a beautifully maintained asset in the heart of Santa Cruz. Select units have been tastefully renovated. The exterior has been cared for quite well, with minimal deferred maintenance. The complex is centrally located on a quaint street- mostly lined with single-family homes- close to dining, shopping, public transportation, and other convenient amenities. There is a laundry facility on-site that provides ancillary income. There’s additional upside in rents for the next owner to increase income. In addition, implementing a RUBS program will reduce utility expenses greatly, thereby increasing income for the new owner.
Showing Schedule
*By Appointment Only
Managing Director
Alex Budka
D: 831-275-5370
E: abudka@atlantisproperties.net
DRE#01913403
Managing Director
Joe Budka
D: 831-275-5370
E: jbudka@atlantisproperties.net
DRE#01913402
Property Highlights
Renovated Interiors
4 of 6 Units Fully Renovated
2 of 6 Units Partially Renovated
Private Balconies and Backyards
Walking Distance to Downtown Shops, Restaurants, Breweries and Wine-Tasting
Exterior Improvements
Recently Painted
Driveway Slurry-Coated
Copper Plumbing
Security System (smartphone-enabled)
