24
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$3,650,000
Est. payment /mo
0.44 Acres Lot
New
704718 Broadway Santa Cruz, CA 95062
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Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID ML82031354
HOA Y/N No
Year Built 1939
Annual Tax Amount $42,768
Lot Size 0.440 Acres
Property Description
5.50% Cap Rate // Single-Story Units // Turn-key! Marcus & Millichap is excited to present 704-718 Broadway in Santa Cruz, CA. This unique 9-unit apartment property is situated on an expansive 19,210 square foot lot in the heart of Santa Cruz, offering close proximity to Downtown Santa Cruz, the beach area, and major commuter corridors. The property consists of four duplexes and one single-family home, all single-story, which is a rare find for the area and highly attractive to tenants. All nine units feature one-bedroom floor plans, with seven of the nine units fully renovated (new bathrooms, kitchens, electrical, plumbing), contributing to strong tenant demand and ease of leasing. The property is well-positioned near popular retail and lifestyle amenities along Soquel Avenue, Ocean Street, and Downtown Pacific Avenue, providing convenient access to shopping, dining, coffee shops, and daily necessities.
Location
State CA
County Santa Cruz
Area 699 - Not Defined
Zoning R-L Multiple Residence -
Interior
Heating Wall Furnace
Fireplace No
Exterior
Roof Type Composition,Shingle
Total Parking Spaces 9
Building
Water Public
Schools
Elementary Schools Other
Middle Schools Other
School District Other
Others
Tax ID 01011114000
Special Listing Condition Standard
Listed by Jimmy Castellanos Marcus & Millichap
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