First time on the market! A+ location at the Santa Cruz Harbor. This property is in a coveted location and offers 10,098 square feet of space. All 12 units are 2BR/1 bath. Short walk to one of the best beaches in Santa Cruz, Seabright Beach. All units have nice balconies or patios, some with harbor views or peeks of the ocean. The home includes radiant heating. Laundry facilities are available on-site with coin-operated machines. The property falls within the Santa Cruz City Elementary School District. This listing presents a unique investment opportunity in the Santa Cruz area, literally a stone's throw from the harbor. PROPERTY INFORMATION: Rent Range: $2500-$3100  Price per sqft: $643 Annual Gross Income: $399,108 Income Annual Rental: $399,108 Income Gross Scheduled: $399,108 Annual Total Expenses: $92,448 Capitalization Rate: 4.72 Gross Rent Multiplier: 16.29