$1,999,999

114 Franklin Street, Santa Cruz CA, 95060

Price per sqft$744.88

Built in1980

Property size2,685 sqft

Property typeCommercial

Overview

Active

Listed Feb 25, 2026

Updated 4 weeks ago

7+ CAP Investment Opportunity! CAP rate above 7 is uncommon for multi-unit properties in Santa Cruz. Fully leased five-unit income property in prime Santa Cruz location. Property consists of a 2-bedroom main home, two detached studios (including a Jr. ADU), and two detached 2-bedroom/1-bath ADUs. All units are currently occupied, providing stable in-place rental income. Conveniently located near Highway 1, Santa Cruz Beach Boardwalk, UCSC, downtown Santa Cruz, and restaurants. Great opportunity for investors seeking a multi-unit investment property in an ideal location.

Additional information

MLS^® ID: ML82036301

Interior Features

Bathrooms: 0
Cooling: Yes
Heating: Yes
Basement: No

Exterior Features

Lot Size: 0.14 Acres

Other Property Details

Taxes: $25,000
Tax Frequency: Annually

Listed by Shawki Farhat, Raeid Farhat Real Estate Inc, CA DRE 02225210

Listing Contact: 831-228-9559

Based on information from the CRISNet MLS as of 9/10/2026, 6:38 AM UTC. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.