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    238 San Lorenzo Blvd Santa Cruz, CA 95060

    Sponsored
    For Sale
    $2,295,000

    Five or More Units - SANTA CRUZ, CA

    Property size:
    4,368 SF
    Lot size:
    0.15 Acres
    Days on Market:
    22
    Last Refresh:
    Jan 6 at 8:06 pm

    Property Features for 238 San Lorenzo Blvd

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Multi Unit
    Rooms
    Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
    Bedrooms
    8
    Parking features
    Carport
    Interior features
    None
    Size
    4,368 SF
    Lot size
    0.15 Acres

    Utilities

    Heating system
    Wall Furnace
    Cooling system
    None (Cooling)

    Building Details

    Year built
    1964
    Roof type
    Flat, Tar/Gravel
    Architectural style
    Other

    Keller Williams Los Gatos Estates (408) 560-9000 [email protected]

    Listing agent Scott C. Poncetta (408) 560-9000 License #01497030

    Listing date Dec 16, 2025

    MLS# ML82029569 Listing URL

    Copyright © 2026 MLS Listings, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Santa Cruz Multifamily Investment Opportunity

    This property presents an investment opportunity in a desirable Santa Cruz rental market. It is ideally located between the Seabright neighborhood, the Beach Boardwalk, and Downtown Santa Cruz. The property features five oversized 2-bedroom, 1-bath units. The property has a history of low vacancy. Each unit offers natural light and functional floor plans. On-site parking is available for all units. Additional amenities include storage units for each unit and on-site laundry facilities that generate additional income. The location is near the Santa Cruz Wharf, surf spots, the Boardwalk, and downtown amenities. The lot size is 0.154 acres, and the property size is 4368 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Santa Cruz
    County
    Santa Cruz
    State
    California
    Longitude
    -122.0207192
    Latitude
    36.9693239

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    FAQs

    What type of property is this?
    Apartment building - Five oversized units near the beach and downtown Santa Cruz.
    Where is this apartment building located?
    The property is located at 238 San Lorenzo Blvd Santa Cruz, CA.
    What is the asking price?
    The asking price for this property is $2,295,000.
    What are key features of this property?
    This property features: - Assumable Loan at 3.25% for the next 2.5 years.; - Prime Santa Cruz location between Seabright, Beach Boardwalk, and Downtown.; - Five oversized 2-bedroom, 1-bath units.
    (408) 757-1007
    Request Owner's contact information
    238 San Lorenzo Blvd Santa Cruz, CA 95060
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    Santa Cruz, CA 95060
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    238 San Lorenzo Blvd Santa Cruz, CA 95060
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