1430 Merrill St - Multi-Family FOR SALE


Santa Cruz, CA 95062- Eastside
$1,995,000 USD
831-706-6224
1430 Merrill St, Santa Cruz, CA for Sale
$1,995,000 USD
Multi-Family - FOR SALE
1/47
null | Request Cap Rate

1430 Merrill St
Santa Cruz, CA 95062
Eastside


HIGHLIGHTS

  • Three existing homes, ready for redevelopment
  • Unmatched Coastal Location - Walk to Black's Beach
  • Exceptional walkability to farmers market, dining, and amenities
  • Strong development returns with projected completed value
  • Flexible development options

OVERVIEW

RARE OPPORTUNITY: Walk to Black's Beach Three fixer-upper detached 1BR/1BA homes on approximately 20,000 SF high-density multifamily development site in the heart of Live Oak's coveted East Cliff Village neighborhood. This exceptional property combines coastal living with unparalleled walkability, offering multiple development paths in one of California's most desirable beach communities. Development Potential: • Zoning: R-UH/RM-2.5 (General Plan/Zoning) • Conforming Density: Up to 19 units (14 base units + 5 density bonus units) • Current Structures: Three existing single-family homes Development Options: 1. Full Redevelopment: Build up to 19 multifamily units on this premium coastal site 2. Partial Development: Add approximately 6 additional units while preserving existing structures 3. Single-Family Luxury: Rebuild existing homes for maximum privacy and outdoor space In a market starved for new housing, this site offers the rare combination of premium coastal location, exceptional walkability, and meaningful development scale. Whether pursuing multifamily development or luxury single-family options, this property delivers both immediate returns and long-term wealth creation potential. Additional Information: • Topographical survey available • Walking distance to Black's Beach • Located in walkable East Cliff Village district Buyer is responsible for verifying all development potential, density calculations, and project feasibility with local planning authorities.

FOR SALE DETAILS

PRICE

$1,995,000 USD

PRICE/SF

$1,224 USD /SF

# OF UNITS

3

PRICE/UNIT

$665,000

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 Notice.