16 Spacious Townhomes. Expansive 1.76 Acre Rectangular Lot. Built in 1998. 1.5 Miles from the Beach. The Azucena Group of Marcus & Millichap is pleased to present the exclusive opportunity to acquire Spring Village, located at 2220 Chanticleer Avenue in the coastal city of Santa Cruz, California. The property is being offered for sale for the first time since its construction by the original developer. The property consists of (1) four-bed/two-bath townhouse, (3) three-bed/two-bath townhouses, (2) two-bed/two-bath townhouses with lofts, and (10) two-bed/two-bath townhouses. All homes are spacious two-story floor plans with private yards, in-unit laundry, 3:1 on-site parking and central A/C and heat. The large open spaces on also allow for the addition of more units/ADUs. Ideally positioned between Silicon Valley and Monterey Bay, Santa Cruz has become one of Northern California's most desirable residential and investment markets. The city's exceptional quality of life, coastal setting, and limited housing supply continue to drive strong demand for rental housing. With a median home sale price exceeding $1.4 million (as of May 2026), homeownership remains unattainable for many local residents due to high acquisition costs, constrained inventory, and persistent buyer competition.
EXCELLENT OPPORTUNITY WHETHER A DEVELOPER OR AN INVESTOR. 2651-2661 Fresno Street is a rare jewel in the heart of Santa Cruz's coveted 26th Ave neighborhood, just 0.3 miles from the beach & surrounded by the coastal lifestyle that makes this pocket so desirable. For a developer, the opportunity is exceptional: feasibility study recommends redevelopment into 3-story townhomes, w/ Option A identifying a 13-unit townhouse concept utilizing State Density Bonus Laws. While pursuing entitlements, the property offers the rare advantage of in-place income, generating $26,000+ per month from 8 updated, fully leased residential units. For an investor, the existing asset is equally compelling. The upside or future opportunity to secure cash flow & retain the upside to sell, entitle or develop for add'l value. The property has updated kitchens & baths, private fenced-in yards, large common area w/ chairs & fire pit, fresh exterior paint & new landscaping, separate gas & electrical meters, 2 laundry rooms w/ app-operated payment, 8 carports & 10 onsite parking. In a market defined by limited housing supply, strong rental demand & exceptional beach proximity, Fresno Street offers immediate income today w/ a seductive path toward future upside tomorrow. Enjoy!
The Silver Spur Assemblage (APNs: 025-201-42, -49, -50, -62), commonly referenced as 2650 Soquel Drive, represents a rare opportunity to acquire a fully controlled, multi-parcel infill development site along the Soquel Drive corridor in unincorporated Santa Cruz County. The Property is strategically positioned within one of Santa Cruz Countys most significant healthcare and employment corridors, supporting a wide range of development outcomes including senior housing, workforce and affordable housing, multifamily residential, and medical uses. Located at a signalized intersection and directly served by public transit, the Silver Spur Assemblage benefits from excellent regional accessibility and immediate proximity to major demand drivers, including Dominican Hospital and multiple Sutter Health facilities. Importantly, the Property is not located within the Coastal Zone, reducing entitlement complexity and risk relative to many comparable development sites in Santa Cruz County. The Silver Spur Assemblage presents a compelling opportunity to acquire a scalable infill development site in one of Californias most supply-constrained coastal regions.
5.1 Cap Rate: Two rental properties total 14 units. This listing and its income/expenses include 319 Jessies St; a 3 bed, 2 bath 1,475 sq. ft. attached 2 car garage located directly behind 328 Ocean St. Offered with a proven track record of performance,100% occupied for the past 25 years. These combined 14-units deliver an excellent 25 year rental history with potential upside through reasonable rent increases. The apartments span two parcels totaling 13,808.52 sq. ft. and include 17 marked parking spaces. Ideally located on a major bus line and just minutes to the Santa Cruz Beach Boardwalk, Municipal Wharf, and downtown Santa Cruz. Convenient access with approximately one mile to Hwy 17 and Hwy 1 (PCH). Additional value may exist through future redevelopment potential, with the possibility to increase height and unit count (buyer to verify). Parcel 1: APN 010-551-29 - 7,797.24 sq. ft. Parcel 2: APN 010-551-30 - 6,011 sq. ft. Both parcels do have strong future increased unit density development allowed by city (buyer to confirm w/ their plans) both properties can be purchase separately. Currently all tenants are on month to month rental agreements.
Welcome to 1328 Mission St, where flexibility, location, and long-term upside come together in one of Santa Cruz's most visible corridors. Currently configured as a residential property, this home offers immediate livability with the added benefit of commercial zoning, creating a rare opportunity for both homeowners and investors alike. Whether your'e looking to occupy, lease, or reposition over time, the zoning offers range of potential uses including office, retail, or mixed-use development. This single level home features approximately 1,229 square feet of living space with 3 beds, 2 baths and offers a functional and versatile layout. High ceilings and a central living room connected to a separate family room with pocket doors allows you to configure the main living space to your needs. The spacious kitchen features ample counter space and is a solid foundation for everyday living or future updates. Additional highlights include a mud room, a convenient laundry space outside, and a private fenced back yard with existing detached ADU. Set on a well-positioned lot along Mission Street, the property benefits from strong visibility, easy access, and close proximity to UCSC, downtown Santa Cruz, and the Westside's most popular shops, restaurants, and amenities.
Discover a premier opportunity for your professional practice in this exceptionally versatile commercial space. Strategically designed to accommodate high-touch professional services, this property boasts a proven track record as a successful medical and dental facility, as well as a specialized veterinary clinic. The interior layout is thoughtfully configured with multiple private exam rooms, consultation spaces, and a welcoming reception area that ensures a seamless flow for both staff and clients. With specialized plumbing and electrical infrastructure already in place, the transition for a healthcare provider, wellness center, or creative professional firm is remarkably straightforward. Large windows invite an abundance of natural light throughout the workspace, creating an inviting atmosphere that balances clinical efficiency with modern comfort. Whether you are looking to establish a new boutique practice or expand an existing healthcare service, this adaptable floor plan offers the flexibility to meet your specific operational needs. Positioned in a high-visibility location with convenient access for clients, this is a rare chance to secure a turnkey-ready space designed for professional excellence.
DO NOT DISTURB OCCUPANTS. Rare chance to acquire a highly visible, commercially zoned property in one of Santa Cruz's most desirable corridors. This offering includes two lots with excellent road frontage, providing strong exposure and long-term upside. The property is currently income-producing with established retail tenants in place through June 2026, offering near-term cash flow while you plan future redevelopment. Zoning allows for a wide range of potential uses, including multifamily development, making this an ideal opportunity for investors, developers, or owner-users seeking flexibility in a high-demand market. The sites prime location, access, and scale position it well for a variety of creative development strategies. Last 3 photos are AI renderings illustrating potential development concepts for the site. Buyer is encouraged to investigate zoning, density, and all potential uses.
Live. Work. Thrive. - on Santa Cruz's vibrant Lower Westside! 108 High Road offers a rare opportunity for businesses, creatives, and entrepreneurs seeking flexible live/work or commercial space in one of Santa Cruz's most dynamic coastal corridors. This light-filled end-unit features a versatile layout ideal for a studio, workshop, office, or showroom, with polished concrete floors, high ceilings, and a fully equipped galley kitchen to support daily operations. The expansive open area provides ample room for creating, building, or collaborating, while abundant natural light enhances productivity and comfort throughout the space. A private rear concrete patio with a large storage shed and gated access offers exceptional utility - perfect for equipment, inventory, surfboards, bikes, or deliveries. Positioned in the heart of the Lower Westside, enjoy close proximity to the beach, surf breaks, trails, and a thriving mix of coffee shops, breweries, wineries, and restaurants. A unique opportunity to secure a highly adaptable, low-maintenance space in a sought-after location for both business and lifestyle.
Rare opportunity to acquire Slatter Construction, one of Santa Cruz County's most established commercial construction companies with 40+ years of successful operations throughout the Bay Area. Known for quality craftsmanship and long-standing client relationships, the company specializes in commercial, medical, hospitality, retail, entertainment, and public works projects. Turnkey operation includes experienced personnel, established systems, repeat clientele, active projects, and extensive operational assets. Sale includes a 5,400+ SF warehouse/office facility at 126 Fern St, Santa Cruz with approx. 5 offices, kitchen, fenced yard/storage, parking, and 2 roll-up doors. Includes 2 industrial parcels totaling approx. 9,844 SF: 126 Fern St (APN 008-161-14) and 130 Fern St (APN 008-161-15). Included are work trucks (Ford F150/F250/F450/F650), bobcats, forklift, tools, equipment, inventory, and materials. Slatter Construction is licensed as both a General Building Contractor and Engineering Contractor, allowing expanded project capabilities. Business offered at $899,000 and real estate at $1,550,000; available together or separately. NDA required for financials and project pipeline.
First time on the market! This immaculately maintained two-story commercial building offers flexibility in a prime Mid-County location. The site provides 98 on-site parking spaces and easy access via Soquel Avenue and Bostwick Lane; ideal for an owner-user or multi-tenant investor. The building has large open, configurable spaces, a second-floor elevator, and multiple stairwells for efficient flow and easy access. Additional features include a fully usable basement with a dedicated dumbwaiter for logistics, a secure IT room with AC, and high-speed AT&T fiber, plus newly installed HVAC systems. Highly visible with monument signage, this versatile property allows for single or multi-tenant configurations with private entrances, dedicated bathrooms, and flexible utility setups. Situated adjacent to Highway 1 North and South access points. Rent roll available upon request.
Ohana Hale Residences is a fully permitted, shovel-ready 6,393 SF student housing development opportunity with a carrier SFR. The project's student housing income model of 27 leasable beds at a blended market rent of $1,800 per bed per month may produce a Stabilized Pro Forma Gross Income of $618,924 with NOI of $378,659, far exceeding typical investor expectations for newly constructed UCSC-proximate housing, represents an acquisition and construction at a compelling discount with major developer upside embedded in the as-completed spread. The market has already spoken on this block. Next door, 251 High Street, a conventional, unfurnished building with only ~40% student occupancy and no per-bed premium - recently traded at a 3.88% cap rate. Apply the same cap rate to Ohana Hale's fully furnished, 100% per-bed student model: the developer/buyer could realize up to $4M in equity at completion with an IRR well over 50%. The comp is next door. The upside is in the math. Purpose-built for the UCSC off-campus market, 247 High St provides an investor with the ability to acquire fully entitled, permit-ready land with approved plans for a new student housing project featuring 27 beds and 12 bathrooms across 7 units without the time and cost of navigating the complex entitlement process.
Positioned along one of Santa Cruz County's most traveled corridors, 2525 Soquel Dr offers exceptional visibility and high-profile exposure in a thriving commercial hub. This is the first time the property has been on the market in over 40 years presenting a rare purchasing opportunity! The property features a multi-tenant commercial building with 7500 square feet of gross leasable area situated on a generous .6 acre lot. The property includes a well-designed 35-space parking lot with convenient ingress and egress from both Soquel Drive and Winkle Avenue, enhancing accessibility for tenants and customers alike. Currently leased to three long-term, stable and well respected tenants, the asset boasts a strong and consistent income history. Surrounded by vibrant residential neighborhoods and expanding commercial development, this property benefits from exceptional exposure along Soquel Drive with an estimated 20,000+ vehicles per day reinforcing the property's high-profile location and long-standing tenant success. Zoned C1, the property offers attractive upside potential for investors or owner-users seeking to capitalize on its prime positioning, solid fundamentals, and future development or repositioning opportunities in one of Santa Cruz's most dynamic corridors.
This Historic Victorian Gem in Prime Downtown Santa Cruz has exceptional opportunities awaiting nestled in the heart of Santa Cruz. This 4 bedroom, 1 bathroom combines vintage character with an unbeatable downtown location, just minutes from the iconic Boardwalk and pristine beaches. Step inside to discover soaring ceilings that create an airy, expansive feel throughout this classic home. The inviting living space centers around a beautiful fireplace, perfect for cozy gatherings on cool coastal evenings. Abundant natural light highlights the home's period details and thoughtful layout. Outdoor living shines on both the welcoming front porch which is perfect for watching the world go by with your morning coffee and also has a generous back patio. The private rear outdoor retreat provides an ideal setting for afternoon barbecues or evening entertainment under the stars, offering a peaceful escape from the vibrant downtown energy just steps away. Positioned in the coveted CBD (Central Business District) zone, this property offers remarkable versatility for its next owner. Maintain it as a rental or convert it to your personal residence or explore the endless commercial possibilities the CBD zoning gives you. This home has the perfect combination of historic charm and location!
Courtesy: Montalvo Homes & Estates
831-460-4663
Positioned in a premier medical corridor, 3311 Mission Drive presents a rare For Sale or Lease opportunity for a well-appointed medical office building in Santa Cruz. Located adjacent to Dominican Hospital, this property offers exceptional visibility and convenience for healthcare providers and patients alike. The building was most recently occupied by a well-established dermatology group. The offering features 11 private treatment rooms, a private office with full bath, an employee lounge, and a spacious reception and lobby area that creates a welcoming patient experience. Additional highlights include a private parking lot with 13 striped parking spaces plus an additional ~130 linear feet of painted curb parking, providing ample accessibility for staff and visitors. This is an ideal opportunity for medical professionals seeking a turnkey or easily customizable space in one of Santa Cruzs most desirable healthcare locations. Financials based on actuals- tenant pays NNN expenses.
Positioned in a premier medical corridor, 3311 Mission Drive presents a rare For Sale or Lease opportunity for a well-appointed medical office building in Santa Cruz. Located adjacent to Dominican Hospital, this property offers exceptional visibility and convenience for healthcare providers and patients alike. The building was most recently occupied by a well-established dermatology group. The offering features 11 private treatment rooms, a private office with full bath, an employee lounge, and a spacious reception and lobby area that creates a welcoming patient experience. Additional highlights include a private parking lot with 13 striped parking spaces plus an additional ~130 linear feet of painted curb parking, providing ample accessibility for staff and visitors. This is an ideal opportunity for medical professionals seeking a turnkey or easily customizable space in one of Santa Cruzs most desirable healthcare locations. Financials based on actuals- tenant pays NNN expenses.
Rare redevelopment and investment opportunity in the Pleasure Point Commercial Corridor within a designated Opportunity Zone. Situated along Portola Drive in the heart of Pleasure Point, this high-visibility property includes an existing medical office building and an adjoining vacant lot, creating a unique opportunity for investors, developers, or owner-users seeking a strategic coastal location with long-term upside. The single-story building is currently configured as a chiropractic office with multiple treatment rooms and a flexible layout suitable for medical, wellness, or professional use. Strong street frontage and a generous on-site parking lot provide excellent visibility and accessibility along one of the areas prime commercial corridors. Preliminary architectural concepts have been explored for a 40± unit mixed-use development, presenting a compelling opportunity to reposition, redevelop, or land bank in a coastal market where development sites are increasingly limited. Located approximately three blocks from the iconic Pleasure Point surf break at The Hook and minutes from Capitola Village, the property sits within one of Santa Cruz County's most desirable coastal communities, surrounded by vibrant retail, restaurants, and year-round beach culture.
Courtesy: David Lyng Real Estate
831-429-5700
Turnkey multi-unit investment opportunity in a convenient Midtown Santa Cruz location. The property features five residential units across three structures plus a vacant rear portion of the parcel offering potential for future development. Unit mix includes a 3BR/2BA single-family home (420 Capitola Rd Ext) with an attached studio (420A), a detached 1BR/1BA home (422), and a duplex with a 2BR/1BA unit (422A) and a 2BR/1.5BA unit (424) sharing one wall. Additional improvements include covered parking, a shared laundry area, and several accessory structures. The parcel is primarily designated Urban Medium Residential and zoned RM-4, providing potential flexibility for multi-family housing uses. Well located near Midtown Santa Cruz, Ocean Street, Downtown, and area beaches, with convenient access to shopping, dining, and commuter routes. The property has a strong rental history and currently operates as a solid five-unit income property with ample open space and long-term upside potential, including the possibility for future expansion or larger-scale development. Buyer to verify zoning, and development potential with appropriate government agencies.
Rare redevelopment and investment opportunity in the Pleasure Point Commercial Corridor within a designated Opportunity Zone. Situated along Portola Drive in the heart of Pleasure Point, this high-visibility property includes an existing medical office building and an adjoining vacant lot, creating a unique opportunity for investors, developers, or owner-users seeking a strategic coastal location with long-term upside. The single-story building is currently configured as a chiropractic office with multiple treatment rooms and a flexible layout suitable for medical, wellness, or professional use. Strong street frontage and a generous on-site parking lot provide excellent visibility and accessibility along one of the areas prime commercial corridors. Preliminary architectural concepts have been explored for a 40± unit mixed-use development, presenting a compelling opportunity to reposition, redevelop, or land bank in a coastal market where development sites are increasingly limited. Located approximately three blocks from the iconic Pleasure Point surf break at The Hook and minutes from Capitola Village, the property sits within one of Santa Cruz County's most desirable coastal communities, surrounded by vibrant retail, restaurants, and year-round beach culture.
Location, Location Location! Great Opportunity to own this 3- story building with an elevator and 2 entrances! One entrance on Soquel and the other on Frederick. The building shows well and has plenty of parking on the 1610 Soquel Avenue access and more parking on the 700 Frederick Street side of the 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.
High visibility retail location. On major intersection: Ocean St. and Water St. 20,000+ cars pass per day. Adjacent to Santa Cruz County Center.
This approximately 4,000 square foot commercial food production facility has been extensively upgraded and effectively functions as a newer building, with nearly $1,000,000 in capital improvements completed between 2016 and 2021 after being rebuilt from the shell up. The property is a turnkey, food-grade processing facility featuring modernized systems, including upgraded electrical, gas, and water service throughout, as well as a HEPA-filtered air system and fully modernized sanitary infrastructure designed to meet strict regulatory standards. The building includes a 12 x 12 walk-in cooler and a 14 x 12 freezer, offering flexible cold storage and production capacity within a modern, efficient layout designed for operational efficiency, compliance, and scalability. The current occupant holds one of only two tuna canning licenses in California, highlighting a rare, high-barrier-to-entry use. Zoned C-4 and located in the Santa Cruz market, the property offers strong regional connectivity to Highway 1, Highway 17, and the broader Bay Area demand drivers
Santa Cruz is located in California. Santa Cruz, California has a population of 62,714. Santa Cruz is less family-centric than the surrounding county with 29.75% of the households containing married families with children. The county average for households married with children is 30.25%.
The median household income in Santa Cruz, California is $96,217. The median household income for the surrounding county is $96,093 compared to the national median of $69,021. The median age of people living in Santa Cruz is 29 years.
The average high temperature in July is 77.4 degrees, with an average low temperature in January of 39.5 degrees. The average rainfall is approximately 32.5 inches per year, with 0 inches of snow per year.
