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.
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
Positioned at the epicenter of the rapidly evolving Ocean St. corridor, 806 Ocean represents a premier development opportunity in Santa Cruzs most aggressive growth zone. Spanning just under a half acre with the highly coveted MU-VH zoning, this property is a blank canvas perfectly situated to benefit from the massive infrastructure and residential investments currently transforming the citys gateway. Developers can leverage State Density Bonus Laws to exceed traditional caps, creating a high-yield, flagship project that mirrors the 5 & 6 story developments rising on neighboring blocks. This rare zoning allows for a strategic blend of high-density residential and lucrative visitor-serving commercial uses. Beyond its development potential, 806 Ocean offers a de-risked transition for investors, with a current lease in place to offset holding costs during the entitlement phase. The sites location is unrivaled for connectivity, offering direct access to Highway 17 and Highway 1 while remaining walking distance to the San Lorenzo Riverwalk, Downtown, and the Beach Boardwalk. As Santa Cruz shifts toward a transit-oriented future, this site stands as the next logical domino to fall in a high-yield corridor. Secure the chance to shape the skyline of a neighborhood being reborn.
This garden-style complex features 31 units across 8 buildings, with a mix of 1- and 2-bedroom,1-bath units, and studios. The property offers excellent walkability and bike ability, situated in close proximity to area beaches, East Cliff Drive, Santa Cruz Harbor, and Pleasure Point. The owners have recently completed renovations, including repair work, roofing, landscaping, and flooring between turnovers. This presents an ideal opportunity for an owner/user or an investor to acquire a well-located apartment property with income upside potential through unit renovations and allowable rent increases. The property is a short distance from the Santa Cruz Beach Boardwalk, Santa Cruz Wharf, and the renowned Cowells Beach surf spot. It also includes coin-operated laundry on-site and offers great upside potential with the new downtown Santa Cruz renovation and redevelopment projects currently underway.
Rare development opportunity at 1024 Soquel Ave, in Santa Cruz's red-hot Eastside, convenient to anchors SC Athletic Club, Whole Foods, Shopper's Corner and Staff of Life, alongside popular food and entertainment venues that include The Rio Theater, Lillian's, The Crepe Place, Sante Adairius Brewery and much more. Located directly across the street from the large Public Parking Lot where the City also hosts the weekly Summer live entertainment and food truck events of Midtown Fridays. This +/-0.27-acre corner parcel is a high-density mixed-use site located within a federal Opportunity Zone. Boasting a 94/100 Walk Score, the property is zoned MU-H, supporting multifamily residential and active ground-floor commercial uses. Per AB 2097, parking requirements can be significantly reduced or removed. While the base density is 55 DU/Acre, a city-vetted concept for 76-80 residential units has been reviewed, utilizing the State Density Bonus Law and small-unit exemptions where studios/1BRs do not count against density limits. Physical parameters include a 2.75 base FAR and by-right heights up to 5 stories, with 0 ft front and side setbacks. This establishes a documented ceiling for high-yield urban infill. Buyer to verify all development and zoning info independently.
Prime commercial opportunity on a 15,682 sq. ft. parcel in an outstanding location. The existing structure is approximately 1,600 sq. ft. and the site formerly operated as a service station. Underground tanks and impacted soil were removed and remediated, and Phase I & Phase II environmental assessments were completed at that time. This trophy property has seen concept plans over the years for a hotel, a new service station, and other potential uses, offering a compelling canvas for future development. In the meantime, the property generates strong rental income from six (6) different businesses, including a catering truck. Collect income while you plan your next project! Excellent upside and long-term potential.
229 Laurel St. Santa Cruz, is a legacy drive-in restaurant site in the heart of the Downtown/SoLa transition area that is now strategically positioned for higher-intensity mixed-use redevelopment under the Citys recently adopted downtown expansion framework. The property offers a rare combination of strong existing foot and vehicle traffic, corner visibility, and near-term upside as surrounding blocks transition to taller, denser residential and entertainment uses. * Corner/near-corner, signal-adjacent parcel with strong visibility, prominent signage, and easy ingress/egress supporting both current QSR operations and future high-density development. Walkable to Pacific Avenue, the San Lorenzo Riverwalk, Kaiser Permanente Arena, and the broader downtown core, capturing both neighborhood and regional traffic. Exceptional covered-land play: in-place improvements provide interim income potential while the surrounding district transitions under the Downtown Plan Expansion, offering a clear path to long-term mixed-use or multifamily redevelopment consistent with the Citys growth objectives.
300 Seventh Avenue is situated in Santa Cruz, California, just three blocks from the Pacific Ocean. First time on the market in a generation, this 1500 SF building enjoys an excellent track record of occupancy. Ideally located, this 3,000 SF parcel of land sits on the corner of Seventh Avenue and Carmel Street. The tenants benefit from strategic visibility, convenience, access, and on-site parking. An exceptional find: a classic small commercial building near the beach and Harbor that is seamlessly woven into the fabric of this desirable Santa Cruz Neighborhood. Perfect for a buyer who needs to fill out part of their 1031 exchange, or for a portfolio investor who identifies with key properties, low maintenance, and stable income, or for anyone who appreciates a well-located investment and pride of ownership.
1450 Merrill St, known as Seadowns, is a three-building, nine-unit property that has been owned by the seller for 26 years. It is in close proximity to area beaches, East Cliff Drive, Pleasure Point, the Santa Cruz Small Craft Harbor, Sunday Live Oak farmer's market, Simpkins Swim Center and many local restaurants. The property contains ample outdoor space, providing a peaceful living experience for the renters. The property provides excellent walkability and bikeability. It also has 11 parking spaces, including 5 covered carport spaces. The coin-operated laundry is leased by the owner. The unit mix includes six 1-bedroom, 1-bath units (1-6) in the two-story building. Each of these six units has access to the outdoor space behind the building and has additional locked storage in the carport. Near the front of the property is a 2-bedroom, 1-bath unit (A) with a large fenced front yard, a 1 bedroom, 1-bath unit (B) with a fenced back yard and covered patio, and a stand-alone 2-bedroon, 1-bath unit (C). The owner has completed recent improvements including a new sewer lateral, new roof on the carport and laundry area, and fumigation for termites. Between turnovers, the Landlord has also painted the units, and updated appliances and fixtures, and installed new carpets.
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.
