5.77% Cap Rate // Single-Story Units! Marcus & Millichap 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… Read More 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. Read Less
Listed by Marcus & Millichap, Jimmy Castellanos 408-483-5040
Listing Snapshot
Days Online
75
Last Updated
Property Type
Five Or More Units
Square Ft.
5,213
Lot Size
0.44 Acres
Year Built
1939
MLS Number
ML82031354
30 Days Snapshot Of 95062
$1.54M
-16%
(avg) sold price
11
-42%
homes sold
23
-68%
(avg) days on market
Snapshot
Area Map
Additional Details
Lot
Max Area: 19166.00, Max Area Units: Square Feet, Lot is 0.43999081726354 acres
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