90 Grandview Street
Santa Cruz, CA 95060
COUNTY: Santa Cruz
Las Palmas and Bentall Residential purchased and remodeled this 50-unit Family and Senior apartment complex in Santa Cruz, California. Originally built in 1981, extensive renovations amounting to $1.33 million were completed in November of 2007. All 50 units were given new windows, flooring, cabinets and fixtures; while the building exterior was repainted and landscaping upgraded. The community room was retrofitted and refurnished to provide a welcoming environment for residents.
Multipurpose social room
Full-service kitchen facilities
Computer center with bi-weekly educational classes
Mission Gardens is located within one mile of numerous grocery stores, banks, the beach and several parks. Units are available to seniors and families earning between 50% – 60% of the area median income.
PROPERTY MGMT: The John Stewart Company
Tax Credit Equity Investor: Union Bank
Construction and Permanent Lender: Prudential Affordable Mortgage Company
Number of Units / Bedrooms / Unit Size
26 / 1 / 611-633 sq. ft.
15 / 2 / 859 sq. ft.
8 / 3 / 1268 sq. ft.
1 manager / 2 / 859 sq. ft.
Equal Housing Opportunity100% AFFORDABLE:
Number of Units / % AMI
15 / 50%
34 / 60%
RESIDENT SERVICES: More Information