Santa Cruz Multifamily Investment
SANTA CRUZ, Santa Cruz 95062
MULTI_FAMILY - SANTA CRUZ
Property size:
4,530 SFLot size:
0.94 AcresPrice / SF:
$838/SF- Added:
- Mar 21, 2026
- Days on Market:
- 62
- Last Refresh:
- May 21 at 6:06 pm
Property Features for SANTA CRUZ
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- RM-4
- Bedrooms
- 8
- Rooms
- Bedroom 6, Bedroom 2, Bedroom 5, Bedroom 4, Bedroom 7, Bedroom 1, Bedroom 3, Bedroom 8
- Parking
- 7
- Parking features
- Off Street, Covered
- Standard status
- Active
- Size
- 4,530 SF
- Lot size
- 0.94 Acres
Utilities
- Heating system
- Forced Air
- Water source
- Public
Building Details
- Year built
- 1950
- Roof type
- Composition
Listing agent Kasey Hinchman License #01424163 (831) 239-3708
Listing office David Lyng Real Estate 1041 41st Ave, CA (831) 429-5700
Listing date Mar 21, 2026
MLS# ML82038869
Listing URL
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.
HighLights
- Turnkey five‑unit income property in Midtown Santa Cruz with strong rental history.
- Vacant rear portion of the parcel offers potential for future development.
- RM‑4 zoning provides potential flexibility for multi‑family housing uses.
- Convenient location near Midtown, Ocean Street, Downtown, and beaches with easy access to shopping, dining, and commuter routes.
- Unit mix includes a variety of unit sizes: 3BR/2BA, studio, 1BR/1BA, and two 2BR units.
- Includes covered parking and a shared laundry area.
Overview
This multi-unit property presents a turnkey investment opportunity in Midtown Santa Cruz. The property consists of five residential units situated across three structures, along with a vacant rear portion of the parcel that offers potential for future development. The unit mix includes a 3-bedroom, 2-bathroom single-family home with an attached studio, a detached 1-bedroom, 1-bathroom home, and a duplex featuring a 2-bedroom, 1-bathroom unit and a 2-bedroom, 1.5-bathroom unit sharing one wall. Additional improvements include covered parking, a shared laundry area, and several accessory structures. The 0.935-acre parcel is primarily designated Urban Medium Residential and zoned RM-4, providing potential flexibility for multi-family housing uses. The property is well-located near Midtown Santa Cruz, Ocean Street, Downtown, and area beaches, with convenient access to shopping, dining, and commuter routes. The property has a strong rental history and currently operates as a solid five-unit income property with ample open space and long-term upside potential, including the possibility for future expansion or larger-scale development. The property size is 4,530 square feet.
Location Intelligence
Current Use by Public Records
Apartment buildings
Map
- City
- Santa Cruz
- County
- Santa Cruz
- State
- Longitude
- -121.993608
- Latitude
- 36.980503
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Turnkey five-unit property with development potential in Midtown Santa Cruz.
Where is this apartment building located?
The property is located at SANTA CRUZ Santa Cruz.
What is the asking price?
The asking price for this property is $3,800,000.
What are key features of this property?
This property features: Turnkey five‑unit income property in Midtown Santa Cruz with strong rental history.; Vacant rear portion of the parcel offers potential for future development.; RM‑4 zoning provides potential flexibility for multi‑family housing uses.
