$1,999,999
FOR SALEActive114 Franklin Street
Santa Cruz CA 95060
2,685
SF
Commercial
Type
1980
Built
$745/SF
Cost/SF
Listing Agent
Location Analysis
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 Information
Property Overview
Commercial
Property Type
Active
Status
0.142 acres
Lot Size
5
Total Units
2,685 SF
Square Footage
$744.88/SF
Price per SF
$25,000
Annual Tax
1,980
Year Built
-5
Parking Total
Property Highlights
N/A Property
Prime Location with High Visibility
Location Analysis
Building Details
Zoning & Use
Parking & Access
Utilities & Systems
Investment Metrics
Data not available.
Sale history for 114 Franklin Street → (2 recorded sales)
Similar Commercial Properties
$2.9M40d
5,756 SF•CommercialSaleSanta Cruz, CASanta Cruz, CAMarcus & Millichap | DRE# 01870648$2.1M58d
3,700 SF•CommercialSale317 Ocean StreetSanta Cruz, CAMarcus & Millichap | DRE# 01984041$1.3M206d
1,312 SF•CommercialSale120 Maple StreetSanta Cruz, CAeXp Realty of California Inc | DRE# 02001091$1.9M37d
2,278 SF•CommercialSale703 Pacific AvenueSanta Cruz, CASherman & Boone Realtors | DRE# 01719985$4.8M187d
18,000 SF•CommercialSale2880 Soquel Avenue 1Santa Cruz, CAJR Parrish Inc. | DRE# 00878937$1.4M67d
2,071 SF•CommercialSale3141 Paul Sweet RoadSanta Cruz, CAJR Parrish Inc. | DRE# 00878937$1.6M284d
4,000 SF•CommercialSale1035 17th AvenueSanta Cruz, CASherman & Boone Realtors | DRE# 01719985$1.9M4d
5,000 SF•CommercialSale1050 17th AvenueSanta Cruz, CAeXp Realty of Northern California, Inc. | DRE# 01384858$2.0M5d
6,400 SF•CommercialSale1010 17th AvenueSanta Cruz, CAeXp Realty of Northern California, Inc. | DRE# 01384858$11.5M285d
13,510 SF•CommercialSale21661 E Cliff DriveSanta Cruz, CAeXp Realty of Northern California, Inc. | DRE# 02177813$2.2M11d
8,100 SF•CommercialSale3088 Winkle AvenueSanta Cruz, CAColdwell Banker Realty | DRE# 01965059$3.1M240d
2,366 SF•CommercialSale3811 Portola DriveSanta Cruz, CADavid Lyng Real Estate | DRE# 01424163$3.1M236d
SF N/A•CommercialSale3811 Portola DriveSanta Cruz, CADavid Lyng Real Estate | DRE# 01424163$650K125d
1,369 SF•CommercialSale2745 Porter StreetSoquel, CAMain Street Realtors | DRE# 01161050$975K236d
1,816 SF•CommercialSale4665 Scotts Valley DriveScotts Valley, CAKathleen Morgan-Martinez, Broker | DRE# 01807811$1.8M87d
6,100 SF•CommercialSale5310 Scotts Valley Drive A - DScotts Valley, CAMain Street Realtors | DRE# 01035303$2.4M180d
6,533 SF•CommercialSale6221 Graham Hill RoadFelton, CAeXp Realty of California Inc | DRE# 01354172$975K32d
1,830 SF•CommercialSale6016 Scotts Valley DriveScotts Valley, CASherman & Boone Realtors | DRE# 01719985$2.4M96d
4,178 SF•CommercialSale10040 Highway 9Ben Lomond, CAAction Properties Inc | DRE# 02023630$1.9M192d
4,000 SF•CommercialSale130 Grove StreetBoulder Creek, CARoom Real Estate | DRE# 70010074$1.6M186d
3,614 SF•CommercialSale130 Grove StreetBoulder Creek, CARoom Real Estate | DRE# 70010074$792K252d
1,463 SF•CommercialSale110 Mountain StreetBoulder Creek, CARussell E. Gross Real Estate | DRE# 00887251$335K339d
SF N/A•CommercialSale13080 Highway 9Boulder Creek, CASchwarzbach Associates | DRE# 01460336$1.1M551d
3,550 SF•CommercialSale13090 Highway 9Boulder Creek, CASchwarzbach Associates | DRE# 01460336$2.5M488d
9,877 SF•CommercialSale13300 Big Basin WayBoulder Creek, CARussell E. Gross Real Estate | DRE# 00887251
Recent commercial sales in Santa Cruz
Sold $1,300,000SOLD2,016 SF108 High RoadSold Aug 2026David Lyng Real Estate | DRE #01949291Buyer's agent: DANIEL RACEDO | DRE #00989968
Sold $2,518,000SOLD6,338 SF234 High StreetSold Jun 2026Marcus & Millichap | DRE #01930127Buyer's agent: Eli Karon, Karon Properties | DRE #01732369
Sold $6,477,800SOLD10,098 SF171 Marine ParadeSold May 2026Shaffer & Associates | DRE #00431803Buyer's agent: Joe Heller, Streamline Real Estate Inc. | DRE #01769119
Sold $2,138,899SOLD4,368 SF238 San Lorenzo BoulevardSold Apr 2026KW Bay Area Estates | DRE #01497030Buyer's agent: Sylvia So-Yi Wong | DRE #01925547
Sold $1,975,000SOLD3,696 SF425 Pennsylvania AvenueSold Apr 2026Room Real Estate | DRE #00922383Buyer's agent: Marvin Christie, Anderson Christie, Inc. | DRE #01894395
Sold $1,615,000SOLD2,792 SF200 Panetta Avenue 1Sold Mar 2026David Lyng Real Estate | DRE #01949291Buyer's agent: RECIP | DRE #00000000
Closed commercial sales reported, newest first.
CRMLS
MLS# ML82036301
Listed:
Nalren refreshed:
Last updated
© 2026 California Regional Multiple Listing Service, Inc. Based on information from the California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS.
IDX information is provided exclusively for consumers' personal, non-commercial use. Information is deemed reliable but not guaranteed. Buyer should independently verify all information.
Listed by: Raeid Farhat Real Estate Inc
Equal Housing Opportunity
Advertising Broker: Nalren Corp (CA DRE #02423715)
Licensed in the state of California
Nalren Corp (CA DRE #02423715) is the Advertising Broker for this IDX display. We are not the listing broker for this property. The listing broker/agent information is shown above. Contact the listing agent for inquiries.