1430 Merrill St - Multi-Family FOR SALE


Santa Cruz, CA 95062- Eastside
$2,729,000 USD
831-706-6224
1430 Merrill St, Santa Cruz, CA for Sale
$2,729,000 USD
Multi-Family - FOR SALE
1/38
null | Request Cap Rate

1430 Merrill St
Santa Cruz, CA 95062
Eastside


HIGHLIGHTS

  • Clean Development Site - Three existing homes in disrepair, ready for redevelopment
  • Unmatched Coastal Location - 6-minute walk to Black's Beach
  • Exceptional walkability to farmers market, dining, and amenities
  • Strong development returns with projected $14.9M completed value
  • Survey in Progress - Professional boundary survey being completed
  • Flexible development options - Multifamily or SFR via SB 684/1123

OVERVIEW

Premier High-Density Development Site with 3 Detached Carrier Income Dwelling Units - 6 Minutes to Black's Beach - Seize this extraordinary 19,500 SF corner lot in the heart of Live Oak's coveted East Cliff Village neighborhood, where coastal living meets unparalleled walkability. This pristine development site represents the perfect canvas for your next visionary project. In a market starved for new rental housing, this site offers the rare combination of premium coastal location, exceptional walkability, and meaningful development scale. Whether pursuing the recommended 19-unit multifamily project or exploring luxury single-family options, this property delivers both immediate returns and long-term wealth creation in one of California's most desirable coastal communities. Don't miss this once-in-a-generation opportunity to develop at scale in Live Oak's walkable beach district. Development Potential That Delivers: General Plan/Zoned R-UH/RM-2.5 with approved density for 19 units (14 base + 5 density bonus), this property offers exceptional investment returns. Topographical Survey in process and deliverable for due diligence. Buyer is responsible to verify any and all development potential.

FOR SALE DETAILS

PRICE

$2,729,000 USD

PRICE/SF

$1,674 USD /SF

# OF UNITS

3

PRICE/UNIT

$909,667

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1927

PARKING SPACES

19

LAND DETAILS

LAND ACRES

0.45 AC

LAND SF

19,646 SF

ZONING

GP/Zoning R-UH/RM-2.5

APN/PARCEL ID

027-273-01-000

ASK ABOUT THIS PROPERTY

Troy HindsDavid Lyng Real EstateMore Info
831-706-6224

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Troy HindsDavid Lyng Real EstateMore Info
831-706-6224

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.