114 Franklin Street, Santa Cruz, CA 95060
114 Franklin Street, Santa Cruz, CA 95060
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In-PersonVirtual Tour
$ 1,999,999
Est. payment | /mo

2,685 SqFt


Save
$ 1,999,999
Est. payment | /mo
Save

2,685 SqFt

Key Details

Property Type Commercial

Sub Type Other

Listing Status Active

Purchase Type For Sale

Square Footage 2,685 sqft

Price per Sqft $744

MLS Listing ID ML82036301

HOA Y/N No

Year Built 1980

Lot Size 6,186 Sqft

Property Sub-Type Other

Property Description

7+ CAP Investment Opportunity! CAP rate above 7 is uncommon for multi-unit properties in Santa Cruz. Fully leased five-unit income property in prime Santa Cruz location. Property consists of a 2-bedroom main home, two detached studios (including a Jr. ADU), and two detached 2-bedroom/1-bath ADUs. All units are currently occupied, providing stable in-place rental income. Conveniently located near Highway 1, Santa Cruz Beach Boardwalk, UCSC, downtown Santa Cruz, and restaurants. Great opportunity for investors seeking a multi-unit investment property in an ideal location.

Location

State CA

County Santa Cruz

Interior

Heating Electric

Cooling None

Fireplace No

Building

Sewer Public Sewer

Water Public

New Construction No

Others

Tax ID 00823118000

Bridge MLS
Listed by Shawki Farhat • Raeid Farhat Real Estate Inc

Nearby Locations

Brian McCarthy

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(510) 854-8066

brian@bayareasbestagent.com

1820 Solano Ave, Berkeley, CA, 94707, USA

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114 Franklin Street