317 Ocean St - Apartments FOR SALE


Santa Cruz, CA 95060- Riverwalk
$2,098,000 USD
626-483-5136
317 Ocean St, Santa Cruz, CA for Sale
$2,098,000 USD
Apartments - FOR SALE
1/20
null | 5.23% Cap Rate

317 Ocean St
Santa Cruz, CA 95060
Riverwalk


HIGHLIGHTS

  • Upgraded with Solar panels
  • (2) 2 Bed 1 Bath (4) 1 Bed 1 Bath (1) Studio
  • On site washer/dryer
  • Recently repaved driveway

OVERVIEW

The R&Z Group of Compass Commercial is proud to present 317 Ocean St, Santa Cruz, CA—a prime multifamily investment opportunity in the heart of Santa Cruz County. This standout property features two separate buildings comprising a total of seven units, offering strong income potential and an unbeatable location. The unit mix includes (2) 2-bedroom, 1-bathroom units, (4) 1-bedroom, 1-bathroom units, and (1) studio unit. Tenants enjoy the convenience of a coin-operated on-site laundry room and ample parking with nine designated spaces. The property is well maintained, with recent upgrades including new solar panels, a newer roof, and a repaved asphalt parking area. Location is key! 317 Ocean St is within walking distance of the iconic Santa Cruz Beach Boardwalk, Santa Cruz Wharf, and the vibrant Downtown Santa Cruz. The University of California, Santa Cruz (UCSC) is just three miles away, making this property highly attractive to students, and young professionals alike. Don’t miss this rare opportunity to invest in one of California’s most dynamic coastal markets! Contact The R&Z Group of Compass Commercial today to schedule a private tour and learn more about this exceptional offering.

FOR SALE DETAILS

PRICE

$2,098,000 USD

PRICE/SF

$507 USD /SF

# OF UNITS

7

PRICE/UNIT

$299,714

CAP RATE

5.23%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1908

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,268 SF

ZONING

R-M

APN/PARCEL ID

007-403-17-000

ASK ABOUT THIS PROPERTY

Ray RodriguezCompass CommercialMore Info
626-483-5136

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Ray RodriguezCompass CommercialMore Info
626-483-5136

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