Santa Cruz, CA 95062
$7,250,000
Bed
0
Bath
0
Living Space
15,890 SqFt
Year Built
1977
Lot Size
1.42 Acres
Days
31
Rare opportunity to acquire a distinctive 15-unit multifamily community in Santa Cruz's highly desirable Live Oak neighborhood. Situated on approximately 1.41 acres in a quiet private cul-de-sac across from Live Oak Elementary and just 1.5 miles from the beach, this pride-of-ownership property offers a unique townhome-style design with spacious single-story residences. Every unit features a private backyard, while Units 1-14 include an attached one-car garage, private laundry room, and dedicated parking. The property consists of (10) 2BD/1BA units, (4) 1BD/1BA units, and (1) micro 1BD/1BA unit. Recent improvements include a newer roof, dual-pane vinyl windows, and fresh exterior paint. Nearly 30 years of meticulous owner management has resulted in exceptionally low turnover, with several second-generation tenants. Owner pays water, sewer, garbage, and landscaping; tenants pay gas and electricity. Excellent opportunity for investors or owner-operators seeking a stable, well-maintained asset with long-term upside. True 5.0% Cap Rate at the asking price with property taxes adjusted accordingly. Please view vitual tours on MLS. Offering Memorandum available upon request.
Listing provided courtesy ofJoel Calvillo License 01733780 KW Bay Area Estates
Data provided by MLSListings Inc.
- Green Acres Elementary (Elementary) - GreatSchools rating 6/10 - Shoreline Middle (Middle) - Rating not listed - Harbor High (High) - Rating not listed School District: Santa Cruz City Elementary District
Chanticleer Avenue County Park is located at 1975 Chanticleer Ave and features an inclusive playground, dog parks, a bike pump track, and reservable garden plots. This park also offers picnic areas, restrooms, and is known for its accessibility and wheelchair-friendly paths.
The Chanticleer neighborhood is situated in Santa Cruz, CA. Local businesses and dining options are available, with a variety of restaurants and cafes throughout the city. Community organizations such as Grey Bears are located in the vicinity.
Walk Score: Score not available. Transit Score: Score not available. Limited information is available regarding specific transit routes serving the immediate Chanticleer area. However, Santa Cruz generally has some public transportation options and is considered very bikeable.
This neighborhood information is AI-generated based on the property address and publicly available data. Please verify important information independently. Do not rely solely on this information for property decisions. RoostHaven makes no warranties and assumes no liability for the accuracy or completeness of AI-generated information. School boundaries, ratings, and local amenities may change over time.
- Green Acres Elementary (Elementary) - GreatSchools rating 6/10 - Shoreline Middle (Middle) - Rating not listed - Harbor High (High) - Rating not listed School District: Santa Cruz City Elementary District
Chanticleer Avenue County Park is located at 1975 Chanticleer Ave and features an inclusive playground, dog parks, a bike pump track, and reservable garden plots. This park also offers picnic areas, restrooms, and is known for its accessibility and wheelchair-friendly paths.
The Chanticleer neighborhood is situated in Santa Cruz, CA. Local businesses and dining options are available, with a variety of restaurants and cafes throughout the city. Community organizations such as Grey Bears are located in the vicinity.
Walk Score: Score not available. Transit Score: Score not available. Limited information is available regarding specific transit routes serving the immediate Chanticleer area. However, Santa Cruz generally has some public transportation options and is considered very bikeable.
This neighborhood information is AI-generated based on the property address and publicly available data. Please verify important information independently. Do not rely solely on this information for property decisions. RoostHaven makes no warranties and assumes no liability for the accuracy or completeness of AI-generated information. School boundaries, ratings, and local amenities may change over time.
