Home | Santa Cruz County | Santa Cruz | 95062 | 1584 Chanticleer Ave
MLS: ML82055928 | Status: | Price: $7,250,000
Beds/Baths: – / –
Property Type: Residential Income
| Beds | Baths | Sq Ft | Sq Ft Lot | Yr Built |
|---|---|---|---|---|
| – | – | 15,890 | 61,643 | 1977 |
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.
| Field | Value |
|---|---|
| MLS # | ML82055928 |
| MLS Source | MLSListings, Inc. |
| Days on Site | 1 |
| Feature | Details |
|---|---|
| Cooling | None |
| Heating | Wall Furnace |
| Feature | Details |
|---|---|
| Roof | Composition |
| Foundation | Concrete Perimeter and Slab |
| Feature | Details |
|---|---|
| Garage/Parking | Attached Garage, Off-Street Parking, Garage: 1 Car(s) |
| Elementary District | Live Oak Elementary |
| High School District | Santa Cruz City High |
| Sewer | Public Sewer |
| Water | Public |
| Complex Amenities | None |
| Zoning | RM-4 |
Joel Calvillo
KW Bay Area Estates
License #: 01733780
Phone: (408) 892-9158
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 6 | 15 | 15 |
| Type | Sq Ft | Beds | Baths | Min Rent | Max Rent | Units Like This |
|---|---|---|---|---|---|---|
| 1 | 1,204 | 2 | 1/0 | $3,200 | $3,700 | 10 |
| 2 | 844 | 1 | 1/0 | $2,800 | $2,852 | 4 |
| 3 | 474 | 1 | 1/0 | $1,400 | – | 1 |
School data provided by GreatSchools.org
| Address | Price | Beds | Baths | Sq Ft | Status |
|---|---|---|---|---|---|
| 1703 East Cliff Dr | $6,999,000 | – | – | 4,754 | Active |
| 100 Oakland | $6,495,000 | – | – | 3,100 | Active |
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This listing information is up-to-date as of July 30, 2026. For the most current information, please contact Joel Calvillo, (408) 892-9158.