Property Details
About this Property
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.
MLS Listing Information
MLS #
ML82036301
MLS Source
MLSListings, Inc.
Days on Site
2
Interior Features
Cooling
None
Heating
Electric
Exterior Features
Roof
Composition, Aluminum Over Tar
Foundation
Pillar/Post/Pier, Sealed Crawlspace
Parking, School, and Other Information
Garage/Parking
Assigned Spaces, Garage: 0 Car(s)
High School District
Santa Cruz City Elementary
Sewer
Cesspool, Public Sewer
Water
Public
Zoning
N/A
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 3 | 5 | 5 |
| Type | Sq Ft | Beds | Baths | Min Rent | Max Rent | Units Like This |
|---|---|---|---|---|---|---|
| 1 | 715 | 2 | 2/5 | – | $3,400 | 1 |
| 2 | 318 | 1 | 1/0 | – | $2,300 | 1 |
| 3 | 272 | 1 | 1/0 | – | – | 1 |
| 4 | 700 | 2 | 1/0 | – | $3,400 | 2 |
Neighborhood: Around This Home
Neighborhood: Local Demographics
Nearby Homes for Sale
114 Franklin St is a Residential Income in Santa Cruz, CA 95060. This 2,685 square foot property sits on a 6,186 Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $1,999,999 and was built in 1980. This address can also be written as 114 Franklin St, Santa Cruz, CA 95060.
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This listing information is up-to-date as of February 26, 2026. For the most current information, please contact Shawki Farhat, (831) 228-9559
