440 Frederick St
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440 Frederick St
1.49 Acres of Residential Land Offered at £2,356,436 in Santa Cruz, CA 95062
Investment Highlights
- flat, quiet setting adjacent to 68 acre public green space
Executive Summary
Residential development opportunity. The site is 1.49 Acres/64,960 SF. The property will be delivered as its own parcel. The site is in the city limits of Santa Cruz County, adjacent to Arana Gulch, a 68-acre public green space with multi-use trails for public use with trail access to the Santa Cruz Yacht Harbor. Site access is from Frederick Street and via a deeded easement on Montesano Street. The primary frontage is 338 feet along Frederick Street. The area is easily accessed from Highways 1 and 17 and is served by public transportation less than 1/2 mile away. The property is zoned RL and is described as Multiple Residence - Low Density. The allowable density is 2,200 square feet per unit (1,600 square feet per unit for one-bedroom/studio units). On a 64,960-square-foot lot, 30 units are allowed, or 41 units for all one-bedroom/studio units. The property is within 0.5 miles of a transit stop along Soquel Avenue and would qualify under the current density bonus and reduced parking requirements.
Property Facts In Escrow
| Price | £2,356,436 | Property Type | Land |
| Sale Type | Investment | Property Subtype | Residential |
| No. Lots | 1 | Total Lot Size | 1.49 AC |
| Price | £2,356,436 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Total Lot Size | 1.49 AC |
1 Lot Available
Lot
| Price | £2,356,436 | Lot Size | 1.49 AC |
| Price Per AC | £1,581,500 |
| Price | £2,356,436 |
| Price Per AC | £1,581,500 |
| Lot Size | 1.49 AC |
The site is 1.49 Acres/64,960 SF. The property will be delivered as its own parcel. Mostly flat. primary access is from Frederick Street by a deeded easement on Montesano Street. The property will be delivered as its own parcel.
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Walk Score ®
Very Walkable (72)
Bike Score ®
Very Bikeable (86)
PROPERTY TAXES
| Parcel Number | 011-081-62-000 | Improvements Assessment | £10,157,007 |
| Land Assessment | £2,548,330 | Total Assessment | £12,705,337 |
PROPERTY TAXES
Parcel Number
011-081-62-000
Land Assessment
£2,548,330
Improvements Assessment
£10,157,007
Total Assessment
£12,705,337
zoning
| Zoning Code | RL (RL Multiple Residence – Low Density. The allowable density is 2,200 square feet per unit (1,600 square feet per unit for one-bedroom/studio units).) |
| RL (RL Multiple Residence – Low Density. The allowable density is 2,200 square feet per unit (1,600 square feet per unit for one-bedroom/studio units).) |
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440 Frederick St
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