238 San Lorenzo Boulevard, Santa Cruz, CA 95060

About this commercial property

NEW PRICE! Assumable Loan at 3.25% for next 2.5 years. High-Quality Investment in a Prime Santa Cruz Location! Ideally situated between the Seabright neighborhood, the Beach Boardwalk, and Downtown Santa Cruz, this property offers an exceptional investment opportunity in one of the areas most desirable rental markets. Featuring five oversized 2-bedroom, 1-bath units, the property boasts excellent rental history with low vacancy, appealing to both long-term tenants and their guests. Each unit offers abundant natural light and functional floor plans, creating a bright and comfortable living environment. Additional highlights include on-site parking for all units, storage units for each unit, and on-site laundry facilities generating additional income. Fantastic location just steps from the Santa Cruz Wharf, world-class surf spots, the Boardwalk, and Downtown amenities.

Listing description from the April 2026 sale, as reported to CRMLS.

Sale history

$2,138,899

Sold April 2026 · listed $2,295,000, orig. $2,495,000, on market December 2025 · MLS #ML82029569 · Source: CRMLS

Listing Agent: Scott C. Poncetta · Listing Office: KW Bay Area Estates · Contact: (408) 560-9000 · Bought with: Sylvia So-Yi Wong

$1,800,000

Sold January 2019 · listed $1,900,000, on market September 2018 · MLS #ML81724888 · Source: CRMLS

Listing Agent: Erik Nielsen · Listing Office: SiliconValley MultiFamilyGroup · Contact: 408-356-1900 · Bought with: Scott C. Poncetta · KW Bay Area Estates

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