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Commercial Property — 114 Franklin Street, Santa Cruz, CA

$1,999,999

114 Franklin Street, Santa Cruz, CA

$1,999,999 — 114 Franklin Street, Santa Cruz, CA — photo 1 $1,999,999 — 114 Franklin Street, Santa Cruz, CA — photo 2
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About this property

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.

Property details

Square feet
2,685
Year built
1980
Property type
CommercialSale

Location

114 Franklin Street • Santa Cruz, CA 95060

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Listed by

Shawki Farhat · Raeid Farhat Real Estate Inc

Listing courtesy of Raeid Farhat Real Estate Inc. Information deemed reliable but not guaranteed.

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