Duplex with Private
For Sale
$3,150,000
300 Columbia ST, Santa Cruz, CA 95060
Residential Income (2-4 units), SANTA CRUZ, CA
Property Size3,520 SF
Lot Size0.21 Acres
Price / SF$894.89
Days on Market91
Property Features for 300 Columbia ST
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
Res
Bedrooms
5
Rooms
Bedroom 4, Bedroom 5, Bedroom 2, Bedroom 3, Bedroom 1
Parking features
Off Street, Covered, Assigned, Garage - Attached
Interior features
High Ceiling, Vaulted Ceiling
Appliances
Countertop - Ceramic, Countertop - Tile, Dishwasher, Exhaust Fan, Garbage Disposal, Hood Over Range, Oven Range, Pantry Cabinet, Refrigerator
Subdivision
West Santa Cruz
Standard status
Active
Size
3,520 SF
Lot size
0.21 Acres
Utilities
Heating system
Electric (Heating)
Water source
Public
Amenities
jetted hot tub
Building Details
Year built
1979
Number of units
2
Flooring type
Laminate
Roof type
Composition, Shingle
Listing Agency:
Bailey Properties
(831) 426-4100
Listed By:
Tommy Ligon · License #01449570
(831) 331-7828
Added: Jun 22
Changed: Sep 13
Last Checked: Sep 20 at 7:06PM
MLS# ML82043847
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.
Investment Insights
Based on property information with market context.
This Santa Cruz duplex contains two distinct residences within a 3,520-square-foot property. The upper unit provides 3 bedrooms and 2 bathrooms, while the lower unit includes 2 bedrooms, 2 bathrooms, and a bonus room used as a third bedroom. Each residence has a private two-car garage. The upper unit also includes a private yard with a jetted hot tub. Interior features include high and vaulted ceilings, laminate flooring, electric heating, and kitchens equipped with dishwashers, refrigerators, ranges, disposals, and pantry cabinetry.
The property is located one block from the ocean and West Cliff Drive, with Lighthouse Field State Beach and Steamer Lane Supply nearby. Downtown Santa Cruz, the Santa Cruz Wharf, and the Santa Cruz Beach Boardwalk are also identified as accessible destinations. Coastal and mountain biking trails connect directly from the property area. The parcel measures 0.207 acres, carries Res zoning, and was built in 1979.
The property is located one block from the ocean and West Cliff Drive, with Lighthouse Field State Beach and Steamer Lane Supply nearby. Downtown Santa Cruz, the Santa Cruz Wharf, and the Santa Cruz Beach Boardwalk are also identified as accessible destinations. Coastal and mountain biking trails connect directly from the property area. The parcel measures 0.207 acres, carries Res zoning, and was built in 1979.
Key Highlights
- Two residences: upper 3BD/2BA and lower 2BD/2BA with bonus room used as a third bedroom
- 3,520 square feet on a 0.207‑acre parcel
- Private 2‑car garage for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$98,139
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.12%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,962,780
$2.0M
Cap Rate 7%
$1,401,986
$1.4M
Cap Rate 9%
$1,090,433
$1.1M
Market Conditions
NOI Build-Up for 3,520 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$143.6K $40.80/SF
− Vacancy
−$3.4K −$0.97/SF
EGI
$140.2K $39.83/SF
− OpEx
−$42.1K −$11.95/SF
NOI
$98.1K $27.88/SF
Area
Santa Cruz County, CA
Vacancy
2.38%
Lease Rate
$40.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,962,780
Cap Rate 7%
$1,401,986
Cap Rate 9%
$1,090,433
Alternative Uses
Best Use
Multifamily LT 5
$1.40M
$1.23M – $1.64M
NOI $98,139 @ 7.0% cap · market cap 3.12%
Second Best
Apartment 5plus
$1.29M
$1.13M – $1.51M
NOI $90,605 @ 7.0% cap · market cap 2.88%
Theoretical Best
Retail
$2.01M
$1.76M – $2.35M
NOI $140,892 @ 7.0% cap · market cap 4.47%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
483
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Duplex - Two separately configured residences offer flexible occupancy and rental arrangements near Santa Cruz’s coastal recreation and amenities.
Where is this duplex located?
The property is located at 300 Columbia ST Santa Cruz, CA.
What is the asking price?
The asking price for this property is $3,150,000.
What are key features of this property?
This property features: Two residences: upper 3BD/2BA and lower 2BD/2BA with bonus room used as a third bedroom; 3,520 square feet on a 0.207‑acre parcel; Private 2‑car garage for each unit
