NEW PRICE! ASSUMABLE LOAN at 3.25% until April 2027! Located in one of Santa Cruz’s most dynamic rental corridors, 238 San Lorenzo Blvd presents a rare opportunity to acquire a stabilized, income-generating multifamily asset with assumable financing in place. The property consists of five oversized 2-bedroom, 1-bath units, each featuring abundant natural light, functional layouts, and strong tenant appeal. With consistent occupancy and a proven rental history, this asset is well-positioned for both immediate cash flow and long-term appreciation. Strategically situated between the Seabright neighborhood, the Santa Cruz Beach Boardwalk, and Downtown Santa Cruz, the property benefits from exceptional walkability to retail, dining, entertainment, and coastal amenities. Residents enjoy proximity to the Santa Cruz Wharf, world-class surf breaks, and public transit, making this location highly desirable for both tenants and short-term guests. Additional income is generated through on-site laundry facilities, and each unit is supported by dedicated parking and private storage. The property is currently encumbered by an assumable loan at 3.25% interest, with approximately 2.5 years remaining—offering a compelling financing advantage in today’s rate environment. This is a turnkey investment opportunity in a supply-constrained market with strong rental demand and limited multifamily inventory.