Eight-Unit Apartment
For Sale
Contact for pricing
Pending
121 Sylvar St, Santa Cruz, CA 95060
Well-maintained multifamily property with a balanced mix of one- and two-bedroom residences.
Property SizeContact for details
Days on Market146
Property Features for 121 Sylvar St
General Information
Standard status
Pending
Property subtype
Multifamily
Units
Unit Mix
2 x 2BR/1BA, 6 x 1BR/1BA
Multifamily Units
8
Additional Details
Cap Rate
5.19%
Listing Agency:
Apartment Andy
Listed By:
Andy Kay · License #CA00922383
Source:
Crexi
Added: Apr 11
Changed: Sep 2
Last Checked: Sep 1 at 8:06AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Apartment Andy
Investment Insights
Based on property information with market context.
Located at 121 Sylvar St in Santa Cruz, this apartment property contains eight residences: two two-bedroom, one-bath units and six one-bedroom, one-bath units. The apartments have been maintained over time while preserving original character. Carports are also part of the existing property configuration.
The property sits across from Mission Plaza and Holy Cross church, with a park across the road and downtown Santa Cruz within walking distance. Current income and expenses reflect a 5.19% cap rate. The property may be acquired individually or as part of a five-property portfolio.
The seller is pursuing City of Santa Cruz entitlements for four additional units. The proposed concept would convert the carports into two two-bedroom, one-bath residences and add two new homes, each approximately three bedrooms and more than 900 square feet.
The property sits across from Mission Plaza and Holy Cross church, with a park across the road and downtown Santa Cruz within walking distance. Current income and expenses reflect a 5.19% cap rate. The property may be acquired individually or as part of a five-property portfolio.
The seller is pursuing City of Santa Cruz entitlements for four additional units. The proposed concept would convert the carports into two two-bedroom, one-bath residences and add two new homes, each approximately three bedrooms and more than 900 square feet.
Key Highlights
- Eight‑unit apartment property with two 2Bd/1Bth and six 1Bd/1Bth residences
- 5.19% cap rate based on present income and expenses
- Walking distance to downtown Santa Cruz
Property Analytics
Property Profile
Current Use
Lease Details
8
Residential units
Location Intelligence
Trade Area within ½ mile
3,475
Businesses Nearby
Explore this area
Business Placement
Demographics for 95060, CA
47,931
Population
20,181
Households
2.4
Avg Household Size
39
Median Age
55%
College-Educated
94%
High-School Grad
54.5 sq mi
ZIP Area
879
Density / Sq Mi
$106,040
Median Household Income
$46,231
Median Earnings
$2,356
Median Rent
$1,189,300
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Well-maintained multifamily property with a balanced mix of one- and two-bedroom residences.
Where is this apartment building located?
The property is located at 121 Sylvar St Santa Cruz, CA.
What are key features of this property?
This property features: Eight‑unit apartment property with two 2Bd/1Bth and six 1Bd/1Bth residences; 5.19% cap rate based on present income and expenses; Walking distance to downtown Santa Cruz
