Santa Cruz, CA 95062
$7,250,000
Bed
0
Bath
0
Living Space
15,890 SqFt
Year Built
1977
Lot Size
1.42 Acres
Days
63
Rare opportunity to acquire a distinctive 15-unit multifamily community in Santa Cruz's highly desirable Live Oak neighborhood. Situated on approximately 1.41 acres in a quiet private cul-de-sac across from Live Oak Elementary and just 1.5 miles from the beach, this pride-of-ownership property offers a unique townhome-style design with spacious single-story residences. Every unit features a private backyard, while Units 1-14 include an attached one-car garage, private laundry room, and dedicated parking. The property consists of (10) 2BD/1BA units, (4) 1BD/1BA units, and (1) micro 1BD/1BA unit. Recent improvements include a newer roof, dual-pane vinyl windows, and fresh exterior paint. Nearly 30 years of meticulous owner management has resulted in exceptionally low turnover, with several second-generation tenants. Owner pays water, sewer, garbage, and landscaping; tenants pay gas and electricity. Excellent opportunity for investors or owner-operators seeking a stable, well-maintained asset with long-term upside. True 5.0% Cap Rate at the asking price with property taxes adjusted accordingly. Please view vitual tours on MLS. Offering Memorandum available upon request.
Listing provided courtesy ofJoel Calvillo License 01733780 KW Bay Area Estates
Data provided by MLSListings Inc.
- Westlake Elementary School (Elementary) - GreatSchools rating 9/10 - Branciforte Middle School (Middle) - GreatSchools rating 9/10 - Santa Cruz High School (High) - GreatSchools rating 10/10 School District: Santa Cruz City Elementary School District
Chanticleer Avenue County Park is located within 1-2 miles of the property. This park features LEO's Haven, an inclusive playground, restrooms, picnic areas, a dog park, and a bike pump track. Another nearby park is Anna Jean Cummings Park, also known as "Blue Ball Park," which features art installations and is located in the Soquel area.
The neighborhood is located in the Live Oak area of Santa Cruz. The community is characterized by its proximity to parks and local businesses. The area has a dining scene supported by locally grown produce, with options ranging from casual eateries to fine dining. Chanticleer Park itself is a 4.5-acre neighborhood park with a restored farmhouse and community gardens.
Santa Cruz has an average Walk Score of 63 and is considered "Somewhat Walkable." The city offers public transportation through the Santa Cruz METRO, with bus routes connecting various areas. While specific transit scores for the Chanticleer address were not found, Santa Cruz as a whole is described as "Very Bikeable" with a bike score of 86.
This neighborhood information is AI-generated based on the property address and publicly available data. Please verify important information independently. Do not rely solely on this information for property decisions. RoostHaven makes no warranties and assumes no liability for the accuracy or completeness of AI-generated information. School boundaries, ratings, and local amenities may change over time.
- Westlake Elementary School (Elementary) - GreatSchools rating 9/10 - Branciforte Middle School (Middle) - GreatSchools rating 9/10 - Santa Cruz High School (High) - GreatSchools rating 10/10 School District: Santa Cruz City Elementary School District
Chanticleer Avenue County Park is located within 1-2 miles of the property. This park features LEO's Haven, an inclusive playground, restrooms, picnic areas, a dog park, and a bike pump track. Another nearby park is Anna Jean Cummings Park, also known as "Blue Ball Park," which features art installations and is located in the Soquel area.
The neighborhood is located in the Live Oak area of Santa Cruz. The community is characterized by its proximity to parks and local businesses. The area has a dining scene supported by locally grown produce, with options ranging from casual eateries to fine dining. Chanticleer Park itself is a 4.5-acre neighborhood park with a restored farmhouse and community gardens.
Santa Cruz has an average Walk Score of 63 and is considered "Somewhat Walkable." The city offers public transportation through the Santa Cruz METRO, with bus routes connecting various areas. While specific transit scores for the Chanticleer address were not found, Santa Cruz as a whole is described as "Very Bikeable" with a bike score of 86.
This neighborhood information is AI-generated based on the property address and publicly available data. Please verify important information independently. Do not rely solely on this information for property decisions. RoostHaven makes no warranties and assumes no liability for the accuracy or completeness of AI-generated information. School boundaries, ratings, and local amenities may change over time.
