Current as of Janu Updated by FindLaw Staff.
California Public Utilities Code § 21661 California Code, Public Utilities Code - PUC § 21661. Read the code on FindLaw Explore Resources For. Seller-financing will be considered for qualified buyer and acceptable terms. California Public Utilities Code PUC CA PUB UTIL Section 21661. This property has been in the same family for over 30 years and it promises to be a legacy property for the next owner as well. There is also the opportunity for further upside by sub-metering the utilities. The additional units, and the below market rents, provide tremendous upside for a Buyer. There is the potential to rehab an additional six units that are currently unfinished and vacant, bringing to total unit count to 31. A portion of the units have been rehabbed, including updated plumbing and electrical. parcel and currently operates as a 25-unit apartment complex with a mix of studio, one-bedroom, and two-bedroom units.
REGULATION OF PUBLIC UTILITIES 201 - 3260 ( Division 1 enacted by Stats. The property is adjacent to million-dollar single family homes. Public Utilities (P.U.) Code Sections 9 require that the California Public Utilities Commission (Commission) annually report specified information relating to customers, employment, and capital. The property is just steps to the beach and near many amenities including Starbucks, restaurants, shopping, schools, public transit, and a weekly farmer’s market. The property was constructed in the 1930’s and 1940’s and has operated as both a short-term rental (motel) and a long-term rental (apartment) property.
It is located in the highly desirable East Cliff/Sunny Cove area of unincorporated Santa Cruz County. The Surf Apartments is a rare beach area apartment complex in Santa Cruz County.