704 Broadway - Apartments FOR SALE


Santa Cruz, CA 95062- Seabright
$3,650,000 USD
408-483-5040
704 Broadway, Santa Cruz, CA for Sale
$3,650,000 USD
Apartments - FOR SALE
1/17
null | 5.51% Cap Rate

704 Broadway
Santa Cruz, CA 95062
Seabright


HIGHLIGHTS

  • RARE 9-UNIT, SINGLE-STORY PROPERTY On a 19,210 SF lot
  • $24,500 PER MONTH RENT ROLL (MAY 2026) Based on current rents with upside potential
  • MAJOR CAPITAL UPGRADES COMPLETED - $700K + Roof, plumbing, electrical, windows, etc
  • 7 OUT OF THE 9 UNITS ARE GUT RENOVATED WITH PERMITS Including plumbing, electrical, flooring, bathrooms, kitchens
  • STRONG PARKING 9 open spaces + 8 private garages
  • PRIME MIDTOWN SANTA CRUZ LOCATION Near Downtown and retail

OVERVIEW

Please email jcastellanos@marcusmillichap.com for OM and Due Diligence. Jimmy Castellanos is excited to present 704-718 Broadway in Santa Cruz, CA. This unique 9-unit apartment property is situated on an expansive 19,210 square foot lot in the heart of Santa Cruz, offering close proximity to Downtown Santa Cruz, the beach area, and major commuter corridors. The property consists of four duplexes and one single-family home, all single-story, which is a rare find for the area and highly attractive to tenants. All nine units feature one-bedroom floor plans, with seven of the nine units fully renovated (new bathrooms, kitchens, electrical, plumbing), contributing to strong tenant demand and ease of leasing. The property is well-positioned near popular retail and lifestyle amenities along Soquel Avenue, Ocean Street, and Downtown Pacific Avenue, providing convenient access to shopping, dining, coffee shops, and daily necessities.

FOR SALE DETAILS

PRICE

$3,650,000 USD

PRICE/SF

$618 USD /SF

# OF UNITS

9

PRICE/UNIT

$405,556

CAP RATE

5.51%

% LEASED

89%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

704-718 Broadway

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1939

PARKING SPACES

9

LAND DETAILS

LAND ACRES

0.45 AC

LAND SF

19,501 SF

ZONING

R-L Multiple Residence

APN/PARCEL ID

010-111-14-000

ASK ABOUT THIS PROPERTY

Jimmy CastellanosMarcus & MillichapMore Info
408-483-5040

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

Jimmy CastellanosMarcus & MillichapMore Info
408-483-5040

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