Home | Santa Cruz County | Santa Cruz | 95060 | Ocean St
MLS: ML82057686 | Status: | Price: $2,995,000
Beds/Baths: – / –
Property Type: Residential Income
| Beds | Baths | Sq Ft | Sq Ft Lot | Yr Built |
|---|---|---|---|---|
| – | – | 3,700 | 13,808 | 1977 |
Two Contiguous Parcels 13 TOTAL RENTAL UNITS. This property in this location could really be something more/as in more height 3-4 stories, more units, more income, more value. 328 Ocean St. 13 apartment units, 100% occupied for the last 25 years. Excellent rental income and NOI history. The 13 apartments sit on two parcels favorably Zoned R-M with over 13,808.52 sq. ft; with seventeen parking spaces. Located on major transportation corridor/bus line so, parking is not required if future units are added by going up 3-4 stories. Walk to Santa Cruz Beach Boardwalk, Municipal Wharf and the downtown village of Santa Cruz. One (1) mile to Highway 17 and CA Highway 1 (PCH). These two (2) parcels could be developed to increase height and number of units according to city planning department. 328 Ocean St. parcel one APN 010-551-29 is 7,797.24 sq. ft. Parcel two APN 010-551-30 is 6,011 sq. ft. "Lower Ocean"neighborhood has and is going through a development renaissance, increasing property values.
| Field | Value |
|---|---|
| MLS # | ML82057686 |
| MLS Source | MLSListings, Inc. |
| Days on Site | 41 |
| Feature | Details |
|---|---|
| Cooling | None |
| Heating | Electric |
| Feature | Details |
|---|---|
| Roof | Composition, Rolled/Hot Mop |
| Foundation | Concrete Perimeter |
| Feature | Details |
|---|---|
| Garage/Parking | No Garage, Off-Street Parking, On Street, Garage: 0 Car(s) |
| High School District | Santa Cruz City Elementary |
| Water | Public |
| Zoning | RM |
Paul Zech
Coldwell Banker Realty
License #: 01965059
Phone: (831) 247-3007
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 4 | 13 | 13 |
| Type | Sq Ft | Beds | Baths | Min Rent | Max Rent | Units Like This |
|---|---|---|---|---|---|---|
| 1 | – | – | 0/0 | $1,400 | $1,725 | 6 |
| 2 | – | 2 | 1/0 | $1,850 | $2,000 | 3 |
| 3 | – | 1 | 1/0 | $1,750 | $1,850 | 4 |
School data provided by GreatSchools.org
| Address | Price | Beds | Baths | Sq Ft | Status |
|---|---|---|---|---|---|
| 512 2nd St | $2,700,000 | – | – | 2,957 | Active |
| 300 Columbia St | $3,150,000 | – | – | 3,520 | Active |
| 257 High St | $2,480,000 | – | – | 3,978 | Active |
| 130 Market St | $2,695,000 | – | – | 3,744 | Active |
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This listing information is up-to-date as of August 14, 2026. For the most current information, please contact Paul Zech, (831) 247-3007.