Description
Marcus & Millichap is pleased to present 320 Dakota Avenue in Santa Cruz, CA. Constructed in 1974, the subject property offers a unit mix consisting of (4) one bedroom one bath, (1) studio and (1) Jr. one bedroom one bath units. In the last two years, the owner has put in over $50,000 in improvements which include newer cabinetry, vinyl and wood flooring, new bathrooms and granite countertops. The asset itself has been meticulously maintained and comes with a flat vinyl roof in excellent condition, upgraded electrical and a slab concrete foundation. The current rents at 320 Dakota Avenue will offer a new investor a strong steady in place cash flow stream while still retaining the value-add component to upgrade the rest of the units to modern standards and bring the remining rents to market.
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