For sale

$1,999,999

Franklin Santacruz, Santa Cruz, CA 95060

6beds

10baths

2,685sqft

$13,634/mo

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Five Or More Units, Residential Income

Built in 1980

-- sqft lot

$1,946,500 Zestimate^®

$745/sqft

$-- HOA

What's special

Two detached studios

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.

152 days

116

0

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 6
Bathrooms: 10

Heating

Electric

Cooling

None

Features

Doors: None

Interior area

Total structure area: 2,685
Total interior livable area: 2,685 sqft

Property

Parking

Total spaces: -5
Parking features: Assigned
Has carport: Yes

Accessibility

Accessibility features: None

Lot

Size: 6,186 Square Feet

Details

Parcel number: 00823118000
Zoning: N/A
Special conditions: Standard

Construction

Type & style

Home type: MultiFamily
Property subtype: Five Or More Units, Residential Income

Materials

Foundation: Pillar/Post/Pier, Sealed Crawl space
Roof: Composition, AluminumOverTar

Condition

Year built: 1980

Utilities & green energy

Gas: PublicUtilities
Sewer: Cesspool, Public Sewer
Water: Public
Utilities for property: Public Utilities, Water Public

Community & HOA

Location

Region: Santa Cruz

Financial & listing details

Price per square foot: $745/sqft
Date on market: 2/25/2026
Listing agreement: ExclusiveRightToSell
Inclusions: None

Estimated market value

$1,946,500

$1.85M - $2.04M

$3,838/mo

Price history

Date	Event	Price
6/1/2026	Listed for sale	$1,999,999$745/sqft
Source: MLSListings Inc #ML82036301 Report a problem
5/29/2026	Contingent	$1,999,999$745/sqft
Source: MLSListings Inc #ML82036301 Report a problem
2/26/2026	Listed for sale	$1,999,999$745/sqft
Source: MLSListings Inc #ML82036301 Report a problem

Public tax history

Tax history is unavailable.

Monthly payment

Est. payment

Payment breakdown

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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included

All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.

HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.

Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.

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