114 Franklin ST, Santa Cruz, CA 95060
114 Franklin ST, Santa Cruz, CA 95060
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Wilson Leung

Wilson Leung

+1(650) 280-8888
Listed by Shawki Farhat • Raeid Farhat Real Estate Inc, DRE#02225210
$ 1,999,999
Est. payment | /mo

6 Beds

7.5 Baths

2,685 SqFt

Save
$ 1,999,999
Est. payment | /mo
Save

6 Beds

7.5 Baths

2,685 SqFt

Key Details

Property Type Commercial Multi-Residential (5 units)

Sub Type Five or More Units

Listing Status Active

Purchase Type For Sale

Square Footage 2,685 sqft

Price per Sqft $744

MLS Listing ID ML82036301

Bedrooms 6

Full Baths 5

Half Baths 5

Year Built 1980

Lot Size 6,186 Sqft

Property Sub-Type Five or More Units

Property Description

7+ CAP Investment Opportunity! CAP rate above 7 is uncommon for multi-unit properties in Santa Cruz. Fully leased five-unit income property in prime Santa Cruz location. Property consists of a 2-bedroom main home, two detached studios (including a Jr. ADU), and two detached 2-bedroom/1-bath ADUs. All units are currently occupied, providing stable in-place rental income. Conveniently located near Highway 1, Santa Cruz Beach Boardwalk, UCSC, downtown Santa Cruz, and restaurants. Great opportunity for investors seeking a multi-unit investment property in an ideal location.

Location

State CA

County Santa Cruz

Area East Santa Cruz

Interior

Heating Electric

Cooling None

Exterior

Parking Features Assigned Spaces

Utilities Available Public Utilities

Roof Type Aluminum Over Tar,Composition

Building

Foundation Post and Pier, Sealed Crawlspace

Sewer Cesspool, Sewer - Public

Water Individual Water Meter, Public

Others

Restrictions None

Tax ID 008-231-18-000

Security Features None

Special Listing Condition Not Applicable

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Nearby School & Business

Wilson Leung

+1(650) 280-8888

wilson@theownteam.com

1651 El Camino Real, Millbrae, CA 94030, United States

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