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Listed by Jimmy Castellanos • Marcus & Millichap
$ 3,500,000
Est. payment /mo
Active
704-718 Broadway Santa Cruz, CA 95062
5,213 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 5,213 sqft
Price per Sqft $671
MLS Listing ID ML82031354
HOA Y/N No
Year Built 1939
Lot Size 0.440 Acres
Property Sub-Type Other
Source Datashare MLSListings
Property Description
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.
Location
State CA
County Santa Cruz
Interior
Heating Wall Furnace
Cooling Ceiling Fan(s)
Flooring Hardwood
Fireplace No
Laundry Coin Operated
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