114 Franklin Street, Santa Cruz, CA, CA 95060
- $1,999,999
- List Price
- $1,999,999
- Status
- ACTIVE
- MLS#
- ML82036301
- County
- Santa Cruz
- Zoning
- N/A
- Year Built
- 1980
- Square Feet
- 2,685
- Lot Size (acres)
- 0.14200000000000002
- Days on Market
- 149
- Property Type
- Commercial
Property Description
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.
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Additional Information
- Taxes
- $25,000
- Parcel Number
- 00823118000
- Gross Scheduled Income
- $177,000
- Heat
- Electric
- Cooling
- Yes
- Cooling Description
- None
- Roof
- Composition
- Parking Spaces
- -5
- Water
- Public
- School District
- Other
Listing courtesy of Listing Agent: Shawki Farhat (shawki@farhatregroup.com) from Listing Office: Raeid Farhat Real Estate Inc.
Mortgage Calculator
Based on information from 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.