Home | Santa Cruz County | Santa Cruz | 95060 | 114 Franklin St
MLS: ML82036301 | Status: | Price: $1,999,999
Beds/Baths: – / –
Property Type: Residential Income
| Beds | Baths | Sq Ft | Sq Ft Lot | Yr Built |
|---|---|---|---|---|
| – | – | 2,685 | 6,186 | 1980 |
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.
| Field | Value |
|---|---|
| MLS # | ML82036301 |
| MLS Source | MLSListings, Inc. |
| Days on Site | 56 |
| Feature | Details |
|---|---|
| Cooling | None |
| Heating | Electric |
| Feature | Details |
|---|---|
| Roof | Composition, Aluminum Over Tar |
| Foundation | Pillar/Post/Pier, Sealed Crawlspace |
| Feature | Details |
|---|---|
| Garage/Parking | Assigned Spaces, Garage: 0 Car(s) |
| High School District | Santa Cruz City Elementary |
| Sewer | Cesspool, Public Sewer |
| Water | Public |
| Zoning | N/A |
Shawki Farhat
Raeid Farhat Real Estate Inc
License #: 02225210
Phone: (831) 228-9559
| # 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 |
School data provided by GreatSchools.org
| Address | Price | Beds | Baths | Sq Ft | Status |
|---|---|---|---|---|---|
| 1430 Merrill St | $1,650,000 | – | – | 1,630 | Contingent |
| 136 Market St | $1,895,000 | – | – | 2,250 | Active |
| 313 Raymond St | $1,998,000 | – | – | 2,244 | |
| 620 Sumner | $1,895,000 | – | – | 2,079 | Active |
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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.