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328 Ocean St
Santa Cruz, CA 95060 Riverwalk

$4,100,000 USD

Apartments For Sale  •  6,825 SF

Property Details

  • Property Type Apartments
  • Total Building Size 8,300 SF
  • Lot Size 0.43 AC
  • Building Class C
  • Year Built 1977
  • Cap Rate 4.38 %
  • Zoning RM
50 Transit Score
60 Walk Score

Highlights

Main Street leading to the Santa Cruz Beach Boardwalk & beaches
Ocean St. turns into the direct route to Highway 17 North and California Highway 1 South
High daily traffic count
Walking distance to downtown, restaurants & services
Enjoys 100% occupancy last 25 years

Property Flyers

Financial Summary (Actual)

Net Operating Income: $209,408 USD (2025)
Cap Rate: 4.38 %
Total Expenses: $116,260 USD

Amenities

  • 24 Hour Access
  • Controlled Access
  • Kitchen
  • Refrigerator
  • Range
  • Tub/Shower
  • Freezer
  • Public Transportation
  • Walk-Up
  • Smoke Detector

Public Transportation

AirportDriveWalkDistance
Norman Y Mineta San Jose International 45 min - 32.1 mi
Monterey Regional 53 min - 42.6 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 16
Type: Surface
Included in Rent: Yes
Paul Zech 831-247-3007 Coldwell Banker Realty Commercial & Residential
Paul Zech 831-247-3007 Coldwell Banker Realty Commercial & Residential