PROPERTY APPRAISED FOR $4,985,950. Listed OVER 200k BELOW RECENT APPRAISAL! With our lending options, potentially BUY WITH AS LITTLE AS 10% DOWN! NOT in rent control area. Must be sold with 2651 Fresno. Seller open to owner finance/trade for buyers property. Bridge financing available up to 12 mo at competitive terms. One of the most desirable and largest (.7 acres) properties one short block to one of Santa Cruz's most desirable beaches. One of highest income/CAP rate investment properties near beach offering amazing income of $314,020- prices reflected in financials.. 8 two bedroom units (this listing for 1 of 2 four unit buildings). All units remodeled, including kitchens/baths, new roofs/windows/sliders/more. Each unit has a large private fenced-in yard for outdoor living, pets, toys plus a large common area for all to use. This property also has 20+ parking spaces, two coin-operated laundry facilities and nine outdoor storage units that all offer extra income potential.