Property Details
About this Property
Currently at 6% cap rate, 100% occupied for the last 25 years. Excellent rental and income history with potential room for reasonable rent increases. The 13 apartments sit on two parcels with over 13,808.52 sq. ft. with seventeen marked parking spaces. Located on a major bus line, close 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 possibly be redeveloped to increase height and number of units. Parcel one APN 010-551-29 is 7,797.24 sq. ft. Parcel two APN 010-551-30 is 6,011 sq. ft.
MLS Listing Information
MLS #
ML82030413
MLS Source
MLSListings, Inc.
Days on Site
3
Interior Features
Cooling
None
Heating
Other
Exterior Features
Roof
Composition
Foundation
Concrete Perimeter
Style
Ranch
Parking, School, and Other Information
Garage/Parking
Assigned Spaces, Off-Street Parking, Garage: 0 Car(s)
High School District
Santa Cruz City Elementary
Sewer
Public Sewer
Water
Public
Zoning
RM
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 3 | 13 | 13 |
Neighborhood: Around This Home
Neighborhood: Local Demographics
Nearby Homes for Sale
328 Ocean St is a Residential Income in Santa Cruz, CA 95060. This 6,047 square foot property sits on a 13,808 Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $3,000,000 and was built in 1977. This address can also be written as 328 Ocean St, Santa Cruz, CA 95060.
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This listing information is up-to-date as of January 08, 2026. For the most current information, please contact Paul Zech, (831) 247-3007
