100% occupied for the last 25 years. Excellent rental and income history, with rent increases scheduled for April 2026 (see proforma numbers). The 13 apartments sit on two parcels favorably Zoned R-M with over 13,808.52 sq. ft; with seventeen marked parking spaces. Located on a major bus line, close to Santa Cruz Beach Boardwalk, Municipal Wharf and the downtown village of Santa Cruz. One (1) mile to Highway 17 and CA Highway 1 (PCH). These two (2) parcels could be developed to increase height and number of units according to city planning department. Parcel one APN 010-551-29 is 7,797.24 sq. ft. Parcel two APN 010-551-30 is 6,011 sq. ft. This "Lower Ocean"neighborhood screams development and is going through a Renaissance period has beed and is going forward. We have other listings in this neighborhood: 338 Ocean St. zoned R-L a Victorian duplex on 17,076 sq. ft. lot. 433 Ocean St. Commercial corner lot, 80 rooms Hotel Solares, Santa Cruz , 319 Jessie St. zoned R-L * call Paul