317 Ocean Street offers an attractive opportunity to acquire a seven-unit multifamily property in a highly desirable and supply-constrained Santa Cruz rental market. The property consists of five one-bedroom units and two two-bedroom units, providing a diversified unit mix that appeals to a broad tenant base. The property contains approximately 3,700 square feet of rentable building area on an approximately 7,405-square-foot lot and benefits from an established operating history with strong occupancy. Its efficient unit sizes and central Santa Cruz location support consistent rental demand from local professionals, students, and other residents seeking well-located housing. The property also offers opportunities to enhance cash flow over time through rent growth, operational efficiencies, and strategic property improvements.
Courtesy: JR Parrish Inc.
831-476-2222
3141-3143 Paul Sweet Road offers an opportunity to own a 2,071 SF architectural gem in a desirable mid-county area, adjacent to Dominican Hospital, just off the freeway, and close to all amenities and shopping. Currently improved as a medical office, but suited for any professional office use. Designed and in use as a two-tenant property, easily converted to one-tenant use. Five total offices, two reception areas, and two kitchen areas. Valued ceiling entries, with huge windows that let in loads of natural light. Built-in seating, with rich redwood paneling, adds a touch of timeless architecture. Nine onsite parking spaces and a small outside back patio in a quiet but visible corner parcel. First time on the market for sale. The current tenant will be leaving in January 2027.
3141-3143 Paul Sweet Road offers an opportunity to own a 2,071 SF architectural gem in a desirable mid-county area, adjacent to Dominican Hospital, just off the freeway, and close to all amenities and shopping. Currently improved as a medical office, but suited for any professional office use. Designed and in use as a two-tenant property, easily converted to one-tenant use. Five total offices, two reception areas, and two kitchen areas. Valued ceiling entries, with huge windows that let in loads of natural light. Built-in seating, with rich redwood paneling, adds a touch of timeless architecture. Nine onsite parking spaces and a small outside back patio in a quiet but visible corner parcel. First time on the market for sale. The current tenant will be leaving in January 2027.
Two buildings on one parcel: a 1,000 SF building on the street with a month-to-month tenant. 1485 Sf building in rear recently vacated. Both properties in excellent condition. Rear property is full of natural light with an excellent floor plan, large offices, full kitchen, and vaulted ceilings. The front building has an excellent traffic count, is in great condition, and has a tenant who would love to stay if possible. Easy access to all amenities and the freeway.
Courtesy: Main Street Realtors
831-462-4000
Classic Building on 2 Parcels, Ideal for Retail/Restaurant use, Potential Live-Work Space or High-Density Redevelopment in the heart of Midtown, walking distance to the areas popular Arts & Entertainment, Restaurants, Stores & Boutiques. Currently configured as a high-end retail showroom. Will be delivered vacant, w/over $200K invested in recent upgrades/TI's, including ADA access, regular & ADA restrooms, high vaulted ceilings & upscale decor. There is a gated back lot with secure parking for multiple vehicles, with 2 rear-facing roll-ups providing transition to indoor parking, storage or vehicle display by connecting to the front showroom. Utility service includes a 2-inch gas line, and access to ample power, making it a prime candidate for conversion to Restaurant use, for which the large back lot presents possibilities for patio dining/private events. Its also been suggested to keep the front 2000 SF of vaulted showroom in place and add a 2nd story residence to the rear areas of the building to create a live-work environment. Community Commercial Zoning allows for multi-story High-Density mixed use with parking requirements reduced or removed, plus option to pursue a 3-parcel assemblage w/adjacent 115 Catalpa St, on 6,273 SF Parcel, Zoned R1-5, recently listed for $1,299,000
Classic Building on 2 Parcels, Ideal for Retail/Restaurant use, Potential Live-Work Space or High-Density Redevelopment in the heart of Midtown, walking distance to the areas popular Arts & Entertainment, Restaurants, Stores & Boutiques. Currently configured as a high-end retail showroom. Will be delivered vacant, w/over $200K invested in recent upgrades/TI's, including ADA access, regular & ADA restrooms, high vaulted ceilings & upscale decor. There is a gated back lot with secure parking for multiple vehicles, with 2 rear-facing roll-ups providing transition to indoor parking, storage or vehicle display by connecting to the front showroom. Utility service includes a 2-inch gas line, and access to ample power, making it a prime candidate for conversion to Restaurant use, for which the large back lot presents possibilities for patio dining/private events. Its also been suggested to keep the front 2000 SF of vaulted showroom in place and add a 2nd story residence to the rear areas of the building to create a live-work environment. Community Commercial Zoning allows for multi-story High-Density mixed use with parking requirements reduced or removed, plus option to pursue a 3-parcel assemblage w/adjacent 115 Catalpa St, on 6,273 SF Parcel, Zoned R1-5, recently listed for $1,299,000
Courtesy: KW Bay Area Estates
408-560-9000
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.
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.
Courtesy: Marcus & Millichap
650-391-1700
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.
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.
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.
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.
Courtesy: Compass
408-721-6775
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.
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.
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.
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!
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.
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: Raeid Farhat Real Estate Inc
831-840-3902
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.
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.
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.
