Home | Santa Cruz County | Santa Cruz | 95062 | 214 S Branciforte Ave
MLS: ML82021786 | Status: | Price: $3,195,000
Beds/Baths: – / –
Property Type: Residential Income
| Beds | Baths | Sq Ft | Sq Ft Lot | Yr Built |
|---|---|---|---|---|
| – | – | 5,285 | 10,106 | 1974 |
Extensively and tastefully renovated turnkey investment opportunity with upside in rent income and ADU development potential. The property operates at a 5.21% in-place cap rate, with upside of achieving a 7.3% cap rate. Ideally located in the sought-after Seabright neighborhood, the Branciforte Apartments are just a 10-minute walk from Seabright Beach, the Boardwalk, Whole Foods, and the Seabright Retail Corridor. Surrounded by single family homes that can sell for over $2M, the property is tucked away in a very safe, quiet and quaint corner of the neighborhood. This boutique apartment community offers luxurious finishes, in-unit laundry, open floorplans, tandem covered parking with a 2:1 parking space ratio, backyards/balconies in select units and a peaceful outdoor space where tenants can grill, socialize and relax. In addition, the 9 x 10 storage units provide residents with ample space for bikes, surfboards, beach gear, and more. With tenants paying all utilities, ownership is sheltered from skyrocketing utility prices that have jumped as much as 70% in the last 5 years. At the same time, tenants' electricity bills will be significantly, if not entirely, offset by the property's rooftop solar panels. ADU plans ready for building department submittal.
| Field | Value |
|---|---|
| MLS # | ML82021786 |
| MLS Source | MLSListings, Inc. |
| Feature | Details |
|---|---|
| Cooling | None |
| Heating | Wall Furnace |
| Feature | Details |
|---|---|
| Roof | Flat |
| Foundation | Slab |
| Feature | Details |
|---|---|
| Garage/Parking | Covered Parking, Tandem Parking, Garage: 0 Car(s) |
| High School District | Santa Cruz City Elementary |
| Sewer | Public Sewer |
| Zoning | Multifamily |
Alex Budka
Redwood Property Company
License #: 01913403
Phone: (831) 275-5370
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 1 | 5 | 5 |
| Type | Sq Ft | Beds | Baths | Min Rent | Max Rent | Units Like This |
|---|---|---|---|---|---|---|
| 1 | 1,150 | 2 | 1/0 | $3,845 | $3,995 | 3 |
| 2 | 917 | 2 | 1/0 | $3,695 | $3,695 | 2 |
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This listing information is up-to-date as of February 21, 2026. For the most current information, please contact Alex Budka, (831) 275-5370.