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    1114 Pacific Ave Santa Cruz, CA 95060

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    For Sale
    $7,995,000

    Four-story mixed-use building with retail and residential units.

    Lot size:
    0.15 Acres

    Property Features for 1114 Pacific Ave

    General Information

    Lot size
    0.15 Acres

    Building Details

    Year built
    1993

    Source: Russell E. Gross Real Estate Agent Russell Gross

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Downtown Santa Cruz Mixed-Use Building

    This four-story mixed-use building is located in Downtown Santa Cruz. Constructed in 1993, the property features a ground floor retail/restaurant space leased to a long-term tenant. The upper floors consist of 24 studio units, in addition to a manager's office. The property offers an income stream with potential for increased revenue.
    Insight Report Location Intelligence

    Current Use by Public Records

    Gularte Building Apartments Apartment Building

    Suggested Use

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

    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
    -122.0253216
    Latitude
    36.9723077

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    FAQs

    What type of property is this?
    Mixed-use property - Four-story mixed-use building with retail and residential units.
    Where is this mixed-use property located?
    The property is located at 1114 Pacific Ave Santa Cruz, CA.
    What is the asking price?
    The asking price for this property is $7,995,000.
    What are key features of this property?
    This property features: - Excellent income stream with upside potential.; - Four-story commercial mixed-use building in Downtown Santa Cruz.; - Ground floor retail/restaurant space leased to a long-term tenant.
    (831) 464-4700
    Request Owner's contact information
    1114 Pacific Ave 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
    1114 Pacific Ave Santa Cruz, CA 95060
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