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704 Broadway
Santa Cruz, CA 95062 Seabright

$3,650,000 USD

Multifamily For Sale • 5,000 SF

Property Details

Property Type Multifamily
Total Building Size 5,213 SF
Lot Size 0.44 AC
Year Built 1939
Cap Rate 5.51 %
Zoning R-L Multiple Residence

50 Transit Score

91 Walk Score

                
                    Highlights
                
                                RARE 9-UNIT, SINGLE-STORY PROPERTY  On a 19,210 SF lot
                            
                                $24,500 PER MONTH RENT ROLL (MAY 2026) Based on current rents with upside  potential
                            
                                MAJOR CAPITAL UPGRADES  COMPLETED - $700K +  Roof, plumbing, electrical, windows, etc
                            
                                7 OUT OF THE 9 UNITS ARE GUT RENOVATED WITH PERMITS  Including plumbing, electrical, flooring,  bathrooms, kitchens
                            
                                STRONG PARKING 9 open spaces + 8 private garages
                            
                                PRIME MIDTOWN SANTA CRUZ LOCATION Near Downtown and retail

Cap Rate:

5.51 %

Amenities

Laundry Facilities

Public Transportation

Airport	Drive	Walk	Distance
Norman Y Mineta San Jose International	44 min	-	32.2 mi
Monterey Regional	52 min	-	42.3 mi

Parking Details

Parking Available:	Yes
Reserved:	Yes
Spaces Provided:	9
Type:	Reserved
Included in Rent:	Yes

Jimmy Castellanos 408-483-5040 Marcus & Millichap

704 Broadway Santa Cruz, CA 95062 Seabright