Santa Cruz CA Multi Family for Sale

ADDITIONAL INFORMATION

Pogonip Terrace, located at 140 Vernon St in Santa Cruz, is a well maintained property with historically high occupancy rates. Built in 1999, the 28 unit building is near open space with easy access to area highways (9, 1, 17), UC Santa Cruz, and Downtown Santa Cruz. The Santa Cruz rental market is impacted and there is constant demand for smaller units. The 27 SRO (Single Room Occupancy) units and the 1 one-bedroom unit are appealing to professionals and students alike. It is rare for a building of this size, especially one built in the last 25-years, to come on the market in Santa Cruz. Rents have continued to increase, with the latest SROs renting for $1,925 per month. There is upside to an investor by bringing up the remaining rents to the current market per the Rent Roll and Financial Analysis. The property is professionally managed by a long term manager whod like to continue. Four of the units are part of the Measure O (Affordable) program in the city of Cruz. The remainder of the units are market rate. This property is owned and operated by the original owners and is offered for sale for the first time in its 25 year history. Projected property tax based on list price.

ADDITIONAL INFORMATION

312 Ocean Streets is an exceptionally well maintained triplex in close proximity to downtown Santa Cruz, the Santa Cruz Beach Boardwalk and the Santa Cruz Wharf. Its prime location makes this an exceptional opportunity for investors looking for appreciation and cash flow. Located less than one mile away from Downtown Santa Cruz, tenants have easy access to the many shops, restaurants, cafes, and entertainment. The property has two (2) 2 Bedroom x 1 Bathroom units, and one (1) 3 Bedroom x 1 Bathroom unit. Marketing Package available upon request.

ADDITIONAL INFORMATION

313 Raymond Street is a five-unit apartment in close proximity to Downtown Santa Cruz, Santa Cruz Wharf and the Santa Cruz Beach Boardwalk. The property has four (4) 1 Bedroom x 1 Bathroom units, and one (1) 2 Bedroom x 1 Bathroom unit. 313 Raymond Streets prime location makes this an exceptional opportunity for investors seeking appreciation and cash flow. Located less than a ~half mile away from Downtown Santa Cruz, tenants have easy access to the many shops, restaurants, cafes, and entertainment. Marketing Package available upon request.

ADDITIONAL INFORMATION

Meticulously maintained 9 unit property, 160 Park Place is a standout investment opportunity in the heart of Santa Cruz. The building features an ideal floorplan mix with 8 townhome style 1-bedroom/1-bath units with vaulted ceilings, and one studio, attracting a mix of stable, long-term tenants. Additionally, there are nine covered parking spaces and a large storage room with potential for conversion to an on-site income producing laundry area. Recent upgrades include a new roof, updated windows, termite fumigation, new exterior paint, and sewer lateral improvements. Each unit is 100% electric with separate meters, allowing tenants to pay for their own power while the owner covers trash and water as well as hot water through a central gas water heater. Ideally located just minutes from the beach and major commute routes, 160 Park Place enjoys an excellent walkability score. With many long-term tenants in place and an impressive income-to-expense ratio, this property is a robust addition to any investment portfolio. The current insurance partner is ready to provide coverage for the new owner. Complete marketing package, including financials, inspections, and disclosures available. Don't miss this exceptional chance to own a turn key high performing investment property. Est. 5% CAP

ADDITIONAL INFORMATION

Are you opposed to owning investment property with monthly income? This is a great opportunity to have a great investment. Is it time to consider long term income for your life? Then come grab this cute Santa Cruz triplex! One bedroom, one bathroom, great commute location, and long term rental history. Very clean property with recently upgraded flooring, appliances, and engineered septic system. THIS IS A GREAT PROPERTY! PLEASE DO NOT DISTURB TENANTS.

ADDITIONAL INFORMATION

This exceptional duplex combines comfort, style, and thoughtful design. Each unit features private yards surrounded by gorgeous landscaping, including an exquisite persimmon tree, creating a peaceful outdoor oasis. The interiors are light and bright, with vaulted ceilings that add to the spacious, open feel. A standout feature is the custom mosaic wall in the kitchen, adding a unique artistic touch to the heart of the home. The dining area includes a custom-built table, blending function and craftsmanship, while a built-in loft area provides extra space for kid's imagination or relaxation. Located just a short distance from downtown, UCSC, local beaches, shopping, popular eateries, wineries, brew pubs, and hiking trails, this duplex offers the perfect blend of convenience and tranquility. Additionally, the deluxe artist studio opens up endless creative opportunities, making this property truly one of a kind. Whether you're seeking a peaceful retreat or proximity to the vibrant local scene, this home is the perfect fit!

ADDITIONAL INFORMATION

ADDITIONAL INFORMATION

Portfolio Sale: 117 Walti Street, 121 Walti Street, 231 Felix Street & 233 Felix Street Jimmy Castellanos is proud to present a highly unique multifamily portfolio consisting of four adjacent parcels located at 117-121 Walti Street and 231-233 Felix Street in Santa Cruz, CA. This rare offering features 16 charming, one-bedroom, townhome-style units, each thoughtfully designed with private balconies. Built in 1964, these units appeal to both professional and student renters, creating a diverse and steady tenant base. The portfolios standout feature is the four separate parcels, each with a fourplex, offering flexibility and a wide range of investment possibilities. Investors have the option to purchase the entire portfolio with the potential to sell each parcel individually for a profit. Located just off Laurel Street, the property is within walking distance to downtown Santa Cruz and the lively Mission Street, known for its restaurants and shops, making it highly desirable for tenants.

ADDITIONAL INFORMATION

Portfolio Sale: 117 Walti Street, 121 Walti Street, 231 Felix Street & 233 Felix Street Jimmy Castellanos is proud to present a highly unique multifamily portfolio consisting of four adjacent parcels located at 117-121 Walti Street and 231-233 Felix Street in Santa Cruz, CA. This rare offering features 16 charming, one-bedroom, townhome-style units, each thoughtfully designed with private balconies. Built in 1964, these units appeal to both professional and student renters, creating a diverse and steady tenant base. The portfolios standout feature is the four separate parcels, each with a fourplex, offering flexibility and a wide range of investment possibilities. Investors have the option to purchase the entire portfolio with the potential to sell each parcel individually for a profit. Located just off Laurel Street, the property is within walking distance to downtown Santa Cruz and the lively Mission Street, known for its restaurants and shops, making it highly desirable for tenants.

ADDITIONAL INFORMATION

Portfolio Sale: 117 Walti Street, 121 Walti Street, 231 Felix Street & 233 Felix Street Jimmy Castellanos is proud to present a highly unique multifamily portfolio consisting of four adjacent parcels located at 117-121 Walti Street and 231-233 Felix Street in Santa Cruz, CA. This rare offering features 16 charming, one-bedroom, townhome-style units, each thoughtfully designed with private balconies. Built in 1964, these units appeal to both professional and student renters, creating a diverse and steady tenant base. The portfolios standout feature is the four separate parcels, each with a fourplex, offering flexibility and a wide range of investment possibilities. Investors have the option to purchase the entire portfolio with the potential to sell each parcel individually for a profit. Located just off Laurel Street, the property is within walking distance to downtown Santa Cruz and the lively Mission Street, known for its restaurants and shops, making it highly desirable for tenants.

ADDITIONAL INFORMATION

Portfolio Sale: 117 Walti Street, 121 Walti Street, 231 Felix Street & 233 Felix Street Jimmy Castellanos is proud to present a highly unique multifamily portfolio consisting of four adjacent parcels located at 117-121 Walti Street and 231-233 Felix Street in Santa Cruz, CA. This rare offering features 16 charming, one-bedroom, townhome-style units, each thoughtfully designed with private balconies. Built in 1964, these units appeal to both professional and student renters, creating a diverse and steady tenant base. The portfolios standout feature is the four separate parcels, each with a fourplex, offering flexibility and a wide range of investment possibilities. Investors have the option to purchase the entire portfolio with the potential to sell each parcel individually for a profit. Located just off Laurel Street, the property is within walking distance to downtown Santa Cruz and the lively Mission Street, known for its restaurants and shops, making it highly desirable for tenants.

ADDITIONAL INFORMATION

Jimmy Castellanos is proud to present a highly unique multifamily portfolio consisting of four adjacent parcels located at 117-121 Walti Street and 231-233 Felix Street in Santa Cruz, CA. This rare offering features 16 charming, one-bedroom, townhome-style units, each thoughtfully designed with private balconies. Built in 1964, these units appeal to both professional and student renters, creating a diverse and steady tenant base. The portfolios standout feature is the four separate parcels, each with a fourplex, offering flexibility and a wide range of investment possibilities. Investors have the option to purchase the entire portfolio with the potential to sell each parcel individually for a profit. Located just off Laurel Street, the property is within walking distance to downtown Santa Cruz and the lively Mission Street, known for its restaurants and shops, making it highly desirable for tenants.

ADDITIONAL INFORMATION

Fantastic investment opportunity in unique fourplex with upside potential. Seize the chance to own a rare multi-residential fourplex featuring four individual detached homes, each with 2 bedrooms. Located just minutes from the beach and downtown, this fourplex presents an excellent opportunity for investors seeking rental income in Santa Cruzs thriving rental market or homeowners looking to offset their mortgage payments. Unlike typical multi-family properties, the four separate homes each have their own yard which provide enhanced privacy and comfort for individuals and tenants to enjoy the California sunshine in their own outdoor space, ideal for relaxing or entertaining. With room for value-add improvements and increasing market rents, this property presents a lucrative opportunity for growth and increased ROI. Don't miss out on this exceptional investment opportunity with close proximity to downtown attractions, including the Santa Cruz Beach Boardwalk, Pacific Avenue shops, and vibrant nightlife.

ADDITIONAL INFORMATION

Welcome to 413 Laurel St. a beautiful Victorian-style triplex renovated in 2018 & offering 2 residential units & 1 commercial unit. This stunning multi-use property offers excellent income opportunity w/ highly desirable location in the heart of vibrant Downtown Santa Cruz within minutes to UCSC! With 2,179 sq. ft.+/- on a spacious 9,148+/- sq. ft. lot, this rare property is a perfect blend of vintage style & modern convenience PLUS a designated 9 space parking lot. The front unit boasts of 4 BR & 2 BA w/beautifully updated kitchen, granite counters, stainless appl., laundry rm, lg. windows & newer LVP flooring throughout. The second unit offers 1 BR & 1 BA with an updated kitchen and BA w/granite, tile and LVP. The third unit is an ADA compliant commercial office space with a half BA. Downtown Santa Cruz provides a unique blend of urban amenities & coastal charm, making it a highly desirable place to live. Nearby amenities include New Leaf & Trader Joe's, a diverse dining & bar scene w/popular spots such as Laili & Abbott Square & moments from stunning beaches like Natural Bridges & Cowells Beach with the historic Santa Cruz Beach Boardwalk, Enjoy easy access to numerous hiking & biking trails in Pogonip & Wilder Ranch. Pacific Garden Mall offers unique shops & farmers' market.

ADDITIONAL INFORMATION

ADDITIONAL INFORMATION

413-417 2nd Street is a gorgeous collection of 12 spanish style cottages. The property includes: (8) 1 Bedroom / 1 Bathroom apartments and (4) Studios. The property features lush landscaping with 8 of the units individually framed not sharing a wall with any neighboring units. Multiple units have new roofs and tankless water heaters. The (Realist*) building square footage of 3,952 is incorrect. Independent square footage measurement is 5,680 square feet. Buyer to verify. 413-417 2nd St. shares a property line with 409 2nd St. They are less than mile to the Beach and Boardwalk (88 Walk Score & 97 Bike Score).

ADDITIONAL INFORMATION

123 Pearl Street is a quaint 9 unit building located on a quiet mostly single family neighborhood near the San Lorenzo river. This Property includes: (2) 2 Bedroom / 1 Bathroom Units, (5) 1 Bedroom / 1 Bathroom Units, and (2) Studios. The property features vaulted wood ceilings, a new roof in 2023, and fully upgraded electrical system. Most units boast upgraded flooring and granite counters with five of the units having dual entry. 123 Pearl St. is 3/5 of a mile to the Beach and Boardwalk (83 Walk Score & 99 Bike Score). Can be purchased separately or in combination with 409 2nd St (4 Units) and or 413-417 2nd St. (12 Units).

ADDITIONAL INFORMATION

409 2nd Street is a beautiful 4-Plex sharing a property line with 413-417 2nd Street. The Property includes: (2) 2 Bedroom / 1 Bathroom Units, and (2) 1 Bedroom / 1 Bathroom Units. The property features oversized units with separate interior and exterior entrances, a rooftop deck with ocean views, upgraded electrical service, and a detached unoccupied/currently unwarranted studio unit. Tenants benefit from assigned carport parking with storage lockers, a laundry facility, and unparalleled walkability to various restaurants, retail and recreatin options Santa Cruz offers Can be purchased seperately or in combination with 413-417 2nd St. (12 Units) and or 123 Pearl St. (9 Units).

ADDITIONAL INFORMATION

New Price!Great WSC value. This charming 3br/2bth main house captures the charm of its original style but many recent updates make living here feel fresh and fun. In 2006 the permitted addition features an updated kitchen (new cabinets,updated electrical,new appliances) newer forced air heater,fresh paint, roof, landscaping/fencing complete the main house.The sunny front porch,side courtyard with firepit and french doors leading to large fenced yard are great for outdoor living. The legal and stunning 500' ADU provide living flexibility. The detached ADU was thoughtfully designed has its own privacy and yard space and features inside laundry,high ceilings, skylight,wood floors and good size kitchen/bath. Pull onto newly poured driveway to a detached 1 car garage plus additional 160 sq ft workshop/office/studio area in rear. The ADU currently rents for $2750/mo. All this in prime westside location near everything that makes the west side the best side. SQ ft from 2019 appraisal for house and includes legal ADU. Seller and agent do not guarantee sq ft and Buyer should confirm to satisfy themselves.

ADDITIONAL INFORMATION

On a large lot, in the heart of the lower westside, you will discover this beautifully updated 2 bd, 1 bath home and detached 1 bd ADU, with an abundance of flexible living options with artistic details and craftsmanship at every turn. A few blocks away are some of the most stunning and iconic landmarks in all of Santa Cruz. The main home was remodeled in 2012, is equipped with solar panels, a spacious yard with hot tub and fire pit and was thoughtfully redesigned with recycled glass countertops, custom cabinetry and an effortless flow throughout. The ADU was built in 2004, every square inch meticulously designed for form, function and beauty. Vaulted ceilings, custom woodwork, a full size kitchen, stained stucco shower surround, a fireplace insert and an abundance of windows are just a few of the awe inspiring fine points. A private entrance offers great separation from the main home and leads you to the charming yard, complete with storage shed, art studio and Meyer lemon tree.