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$ 3,650,000

Est. payment | -/mo

2 Beds

2 Baths

5,213 SqFt

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$ 3,650,000

Est. payment | -/mo

Save

2 Beds

2 Baths

5,213 SqFt

Key Details

Property Type Commercial

Sub Type Five or More Units

Listing Status Active

Purchase Type For Sale

Square Footage 5,213 sqft

Price per Sqft $700

Lot Size 0.440 Acres

MLS Listing ID ML82031354

Style Cottage

Bedrooms 2

Full Baths 2

Property Description

5.50% Cap Rate // Single-Story Units // Turn-key! Marcus & Millichap is excited to present 704-718 Broadway in Santa Cruz, CA. This unique 9-unit apartment property is situated on an expansive 19,210 square foot lot in the heart of Santa Cruz, offering close proximity to Downtown Santa Cruz, the beach area, and major commuter corridors. The property consists of four duplexes and one single-family home, all single-story, which is a rare find for the area and highly attractive to tenants. All nine units feature one-bedroom floor plans, with seven of the nine units fully renovated (new bathrooms, kitchens, electrical, plumbing), contributing to strong tenant demand and ease of leasing. The property is well-positioned near popular retail and lifestyle amenities along Soquel Avenue, Ocean Street, and Downtown Pacific Avenue, providing convenient access to shopping, dining, coffee shops, and daily necessities.

Location

State CA

County Santa Cruz

Area East Santa Cruz

Zoning R-L Multiple Residence - Low Density

Rooms

Kitchen Countertop - Marble

Interior

Heating Wall Furnace

Cooling Ceiling Fan

Flooring Hardwood, Vinyl / Linoleum

1-purchase type For Sale

Exterior

Garage Assigned Spaces, Detached Garage, Off-Street Parking

Garage Spaces 8

Utilities Available Individual Electric Meters, Individual Gas Meters

Roof Type Composition,Shingle

Building

Foundation Concrete Perimeter

Sewer Sewer - Public

Water Public

Others

Restrictions None

Tax ID 010-111-14-000

Security Features None

Special Sale Not Applicable

Listed by Jimmy Castellanos of Marcus & Millichap
Bought with Jimmy Castellanos of Marcus & Millichap

704-718 Broadway Santa Cruz, CA 95062