4-Unit Multifamily
For Sale
$2,695,000
130 Market Street, Santa Cruz, CA 95060
ResidentialIncome, Craftsman, Traditional, Victorian, SantaCruz, CA
Property Size3,744 SF
Lot Size0.29 Acres
Price / SF$719.82
Days on Market78
Property Features for 130 Market Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R-1-5
Parking
5
Window features
Skylight(s)
Interior features
HighCeiling
Appliances
Dishwasher, ExhaustFan, HoodOverRange, OvenRange, OvenRangeGas, Refrigerator, WasherDryer
Middle school
BranciforteMiddleSchool
High school
SantaCruzCityHigh
High school district
SantaCruzCityHigh
Subdivision
EastSantaCruz
Standard status
Active
APN
008-333-24-000
Size
3,744 SF
Lot size
0.29 Acres
Taxes and HOA fees
Tax Annual Amount
16439
Utilities
Sewer type
Private Sewer
Heating system
Forced Air, Electric (Heating), Central
Water source
Public
Building Details
Year built
1908
Number of units
4
Flooring type
Laminate, Carpet, Linoleum
Roof type
Shingle
Architectural style
Craftsman
Listing Agency:
Miritz & Bailey Real Estate, Inc
(831) 588-4528
Listed By:
Marshall Keneipp · License #02115477
(303) 913-8113
Added: Aug 5
Changed: Oct 21
Last Checked: Oct 21 at 8:06AM
MLS# ML82056624
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.
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Investment Insights
Based on property information with market context.
Four residential units are arranged across separate buildings: a three-bedroom Victorian house, a two-bedroom cottage, and a duplex with one- and three-bedroom units. A detached four-bay garage building includes additional living space above the garages. The property totals 3,744 square feet on a 0.29-acre lot and was built in 1908. Updates have been made to the units, and the property includes off-street parking and landscaped outdoor areas. Zoning is R-1-5.
The property is at 130 Market Street in Santa Cruz, near downtown. Restaurants, shops, Highway 1, the pier, the Boardwalk, and beaches are identified as nearby destinations. The buildings include a Craftsman-style house, and the listed interior features include high ceilings. Public water and private sewer serve the property.
The property is at 130 Market Street in Santa Cruz, near downtown. Restaurants, shops, Highway 1, the pier, the Boardwalk, and beaches are identified as nearby destinations. The buildings include a Craftsman-style house, and the listed interior features include high ceilings. Public water and private sewer serve the property.
Key Highlights
- Four residential units across a Victorian house, cottage, and duplex
- 3,744 square feet on a 0.29‑acre lot
- Detached four‑bay garage building with living space above
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$96,371
Cap Rate
3.58%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,927,420
$1.9M
Cap Rate 7%
$1,376,729
$1.4M
Cap Rate 9%
$1,070,789
$1.1M
Market Conditions
NOI Build-Up for 3,744 SF
Gross rent
$179.7K $48.00/SF
− Vacancy
−$4.5K −$1.20/SF
EGI
$175.2K $46.80/SF
− OpEx
−$78.8K −$21.06/SF
NOI
$96.4K $25.74/SF
Area
Santa Cruz County, CA
Vacancy
2.50%
Lease Rate
$48.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,927,420
Cap Rate 7%
$1,376,729
Cap Rate 9%
$1,070,789
Alternative Uses
Best Use
Apartment 5plus
$1.38M
$1.20M – $1.61M
NOI $96,371 @ 7.0% cap · market cap 3.58%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$2.14M
$1.87M – $2.50M
NOI $149,857 @ 7.0% cap · market cap 5.56%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
3,135
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
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Multifamily property - Four separate buildings provide varied residential layouts, with garage space and additional living area also on site.
Where is this multifamily property located?
The property is located at 130 Market Street Santa Cruz, CA.
What is the asking price?
The asking price for this property is $2,695,000.
What are key features of this property?
This property features: Four residential units across a Victorian house, cottage, and duplex; 3,744 square feet on a 0.29‑acre lot; Detached four‑bay garage building with living space above
