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Santa Cruz Midtown Apartment Building

704 Broadway, Santa Cruz, CA 95062

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For Sale

$3,500,000

Nine-unit apartment property in Midtown Santa Cruz with strong rental income.

Type:Multifamily

Lot size:

0.44 Acres

HighLights

Prime Midtown Santa Cruz location: Close to Downtown, the beach, and major commuter routes.
Strong Parking: Includes 9 open spaces and 8 private garages, a rare amenity.
Turn‑key Asset: Extensively maintained and upgraded with new roofs, updated plumbing/electrical, renovated laundry, and fresh paint.
High Renovation Rate: Seven of the nine units are fully renovated, ensuring strong tenant demand.
Rare Single‑Story Layout: All units are single‑story, highly desirable to tenants and uncommon in the area.
Strong Cash Flow: Current rent roll of $25,545 with potential for increased income through rent adjustments.

We can help!

Listing Contact

Jimmy Castellanos

Learn more

For Sale

$3,500,000

Nine-unit apartment property in Midtown Santa Cruz with strong rental income.

Type:Multifamily

Lot size:

0.44 Acres

Added:: Apr 3, 2026
Days on Market:: 70
Last Refresh:: Apr 3 at 5:02 am

Property Features for 704 Broadway

General Information

Standard status: Active
Lot size: 0.44 Acres
Property subtype: Multifamily

We can help!

Listing Contact

Jimmy Castellanos

Listing agent Jimmy Castellanos License #CA: 02024152

Listing office Palo Alto Office

Listing date Apr 3, 2026

Source Marcusmillichap

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 Palo Alto Office

HighLights

Prime Midtown Santa Cruz location: Close to Downtown, the beach, and major commuter routes.
Strong Parking: Includes 9 open spaces and 8 private garages, a rare amenity.
Turn‑key Asset: Extensively maintained and upgraded with new roofs, updated plumbing/electrical, renovated laundry, and fresh paint.
High Renovation Rate: Seven of the nine units are fully renovated, ensuring strong tenant demand.
Rare Single‑Story Layout: All units are single‑story, highly desirable to tenants and uncommon in the area.
Strong Cash Flow: Current rent roll of $25,545 with potential for increased income through rent adjustments.

Overview

Located in the heart of Midtown Santa Cruz, the property at 706 Broadway is a nine-unit apartment property situated on a 19,210 square foot lot. The property features four duplexes and one single-family home, all single-story. All nine units have one-bedroom floor plans, with seven of the nine units fully renovated. The property is near retail and lifestyle amenities along Soquel Avenue, Ocean Street, and Downtown Pacific Avenue. The building has been extensively maintained and upgraded, including new roofs, updated plumbing and electrical systems, a renovated common laundry room, fresh exterior paint, and an improved driveway. There are nine open parking spaces and eight private garages. The current monthly rent roll is $25,545, assuming the landlord implements a conservative $75 rent increase on 8 of the 9 units by February.

Location Intelligence

Current Use by Public Records

Apartment buildings

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Local Demand

City: Santa Cruz
County: Santa Cruz
State: California
Longitude: -122.015344
Latitude: 36.9743128

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For sale
Apartment buildings
CA
Santa Cruz
95062
704 Broadway

What type of property is this?

Apartment building - Nine-unit apartment property in Midtown Santa Cruz with strong rental income.

Where is this apartment building located?

The property is located at 704 Broadway Santa Cruz, CA.

What is the asking price?

The asking price for this property is $3,500,000.

What are key features of this property?

This property features: Prime Midtown Santa Cruz location: Close to Downtown, the beach, and major commuter routes.; Strong Parking: Includes 9 open spaces and **8 private garages**, a rare amenity.; **Turn‑key Asset**: Extensively maintained and upgraded with new roofs, updated plumbing/electrical, renovated laundry, and fresh paint.

704 Broadway, Santa Cruz, CA 95062

Nine-unit apartment property in Midtown Santa Cruz with strong rental income.

Property Features for 704 Broadway

General Information

We can help!

HighLights

Overview

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Office Building with Residential Unit

Warehouse with Fenced Yard Storage

Five-Unit Residential Income Property

Remodeled Quadplex with Expansion Potential

Multi-Tenant Retail Building

Duplex with Two-Car Garages

Triplex with 1BD/1BA Units

Cottage-Style Duplex with Ocean Views

Front Row Quadplex Apartment Building

Turnkey Duplex with Updated Units

Warehouse/Office Facility For Sale

End-Unit Live-Work Commercial Space

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