5.77% Cap Rate // Single-Story Units! Marcus & Millichap is excited to present 704-718 Broadway in Santa Cruz, CA. This unique 9-unit apartment property is situated on an expansive 19,210 square foot lot in the heart of Santa Cruz, offering close proximity to Downtown Santa Cruz, the beach area, and major commuter corridors. The property consists of four duplexes and one single-family home, all single-story, which is a rare find for the area and highly attractive to tenants. All nine units feature one-bedroom floor plans, with seven of the nine units fully renovated (new bathrooms, kitchens, electrical, plumbing), contributing to strong tenant demand and ease of leasing. The property is well-positioned near popular retail and lifestyle amenities along Soquel Avenue, Ocean Street, and Downtown Pacific Avenue, providing convenient access to shopping, dining, coffee shops, and daily necessities.
Sold for $3,100,000
$3,100,000
Broadway Santacruz, Santa Cruz, CA 95062
2beds
2baths
5,213sqft
Five Or More Units, Residential Income
Built in 1939
-- sqft lot
$3,084,400 Zestimate®
$595/sqft
$3,242 Estimated rent
Home value
$3,084,400
$2.75M - $3.49M
$3,242/mo
Zestimate® history
Owner options
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$3,242/mo
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$3,242/mo
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$19,399/mo
Est. payment
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$19,399/mo
Est. payment
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Single-story unitsNew bathroomsOne-bedroom floor plans
Zillow last checked:
Listing updated:
Listed by:
Jimmy Castellanos 02024152 408-483-5040,
Marcus & Millichap 650-391-1700
Bought with:
Jimmy Castellanos, 02024152
Marcus & Millichap
Source: MLSListings Inc,MLS#: ML82031354
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 2
Kitchen
- Features: Countertop_Marble
Heating
- Wall Furnace
Cooling
- Ceiling Fan(s)
Appliances
- Laundry: Coin Operated
Features
- Flooring: Hardwood, Vinyl Linoleum
- Doors: None
Interior area
- Total structure area: 5,213
- Total interior livable area: 5,213 sqft
Property
Parking
- Total spaces: 9
- Parking features: Assigned, Detached, Off Street
- Garage spaces: 8
- Has carport: Yes
Accessibility
- Accessibility features: None
Lot
- Size: 0.44 Acres
Details
- Parcel number: 01011114000
- Zoning: R-L Multiple Residence -
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Cottage
- Property subtype: Five Or More Units, Residential Income
Materials
- Foundation: Concrete Perimeter
- Roof: Composition, Shingle
Condition
- Year built: 1939
Utilities & green energy
- Gas: IndividualGasMeters
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Water Public
Community & HOA
Location
- Region: Santa Cruz
Financial & listing details
- Price per square foot: $595/sqft
- Date on market: 1/15/2026
- Listing agreement: ExclusiveRightToSell
- Lease term: Month To Month
Price history
| Date | Event | Price |
|---|---|---|
| 5/4/2026 | Sold | $3,100,000-11.4%$595/sqft |
Source:  MLSListings Inc #ML82031354 Report a problem | ||
| 4/20/2026 | Pending sale | $3,500,000$671/sqft |
Source: MLSListings Inc #ML82031354 Report a problem | ||
| 3/19/2026 | Price change | $3,500,000-4.1%$671/sqft |
Source: MLSListings Inc #ML82031354 Report a problem | ||
| 3/12/2026 | Listed for sale | $3,650,000$700/sqft |
Source: MLSListings Inc #ML82031354 Report a problem | ||
| 2/26/2026 | Contingent | $3,650,000$700/sqft |
Source: MLSListings Inc #ML82031354 Report a problem | ||
| 1/15/2026 | Listed for sale | $3,650,000$700/sqft |
Source: MLSListings Inc #ML82031354 Report a problem | ||
Public tax history
Tax history is unavailable.
Neighborhood: 95062
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Nearby schools
GreatSchools rating
- 5/10Live Oak Elementary SchoolGrades: K-5Distance: 0.5 mi
- 7/10Shoreline Middle SchoolGrades: 6-8Distance: 0.4 mi
- NASpecial Education PreschoolGrades: Distance: 0.8 mi
Schools provided by the listing agent
- Elementary: GaultElementary
- Middle: BranciforteMiddleSchool
Source: MLSListings Inc. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Estimated market value
$3,084,400
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$3,084,400
- California
- Santa Cruz County
- Santa Cruz
- 95062
- Broadway Santacruz
Nearby cities
Nearby zip codes
Other Santa Cruz Topics
