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$2,480,000
8 Beds ⋅ ML82051773 MLS
Rare UCSC-area investment opportunity in one of Santa Cruz's strongest rental markets. Ideally located steps from the UCSC bus line, this professionally managed, fully occupied fourplex is well suited for UCSC students, faculty, and staff. Residents enjoy easy access to campus, Downtown Santa Cruz, West Cliff Drive, and the Santa Cruz Beach Boardwalk, all just 1.5 miles from the ocean. The property features 4 spacious 2-bedroom, 1-bath units, each approximately 950 square feet, totaling 8 bedrooms and 4 bathrooms across approximately 3,800 square feet. Floor plans may offer potential for conversion to 3-bedroom configurations for increased income. Comparable 3-bedroom rentals near UCSC may command approximately $4,500-$5,500 per month. Buyer to verify feasibility. Amenities include on-site laundry, separate gas meters, 2 carports, 4 additional off-street parking spaces, and abundant street parking. New water heaters were installed in 2025. The property offers strong rental history, stable cash flow, and generates approximately $186,000 in annual gross income. Potential DSCR financing available.

257 High ST, Santa Cruz

Listing courtesy of Anson Ip, 408-221-7887 from Compass
(If provided) CoList: Seabea Ghoph from KW Thrive Santa Cruz
$1,998,000
7 Beds ⋅ ML82054250 MLS
Ideally situated in one of Santa Cruz's most sought-after coastal neighborhoods, this triplex at 570 17th Avenue presents a rare opportunity for both investors and owner-occupants alike. Just a short stroll to Sunny Cove, Pleasure Point, the Santa Cruz Harbor, neighborhood cafés, shopping, and local favorites along Portola Drive, this is an unbeatable location. The property consists of three detached, single-level residences, providing the privacy and comfort that both tenants and owners appreciate. One turnkey unit is currently vacant, creating the perfect opportunity to move in, establish a coastal vacation retreat, or lease it at market rate for additional income. The two occupied units generate immediate cash flow while preserving flexibility for a new owner. The owned solar system helps reduce utility costs and improve operating efficiency. Whether you're seeking a smart investment, a 1031 exchange opportunity, or a chance to own a home near the beach while offsetting your expenses with immediate rental income, 570 17th Avenue is a unique investment that checks all the boxes.

570 17th AVE, Santa Cruz

Listing courtesy of Nicole Karon, 940-367-4209 from Karon Properties
(If provided) CoList: Tina Williams from Karon Properties
$1,947,500
3 Beds ⋅ ML82052564 MLS
So much to love about this 1946 post WW2 Santa Cruz bungalow. The moment you walk into the front door of the 2-bedroom front home you'll be greeted with beautiful original wood floors & the dramatic Deco stucco arch! This home retains a lot of its original lovely details. The kitchen is a step back to a different time. You'll be amazed at the original 3 color tile counters & new retro gas stove that brings the charm up! Flooring in the kitchen & laundry room is new but in keeping with the style of the home. BR's have walk-in closets. The bathroom is original with new flooring & lighting. The back 1960's 1-bedroom has newer high-quality laminate floors thru out & newer carpet in the bedroom. This home is a legal 1-bedroom. Home has high open living room ceilings with its own fireplace. The large kitchen/dining room has a door to access its own private yard area. The separate legal detached cottage has a charming kitchen & full bath. Lot is oversized with a large full size 2 car garage, with second washer/dryer hookups. All units have their own separate PG&E meters with 2 separate gas meters. Great comfortable separation of living spaces for multi-generational living. Seabright is one of the most desirable areas and super convenient to everything including the harbor & beaches.

1006 Seabright AVE, Santa Cruz

Listing courtesy of Anthony Silveira, 831-476-8463 from Time Realty
(If provided) CoList: from

$1,785,000
6 Beds ⋅ ML82051657 MLS
Outstanding rental property investment opportunity in central Santa Cruz! Well maintained triplex with many recent improvements, highly desirable two-bedroom apartments, and a strong rental history. Ideally located near the rapidly growing downtown area with a Very walkable and Bikers Paradise rating that offers easy access to restaurants, shops, Whole Foods Market, Highway 1, the pier, Boardwalk, and beaches. Each unit has a private outdoor patio area and rare attached two-car garage that provides ample options for off-street parking, storage, and bonus living space. Lower operating expenses due to recent improvements and the potential for long-term value appreciation make this an excellent investment opportunity in a prime Santa Cruz location. Recent improvements include a newer roof, exterior paint job, sewer lateral replacement, water main replacement, newer water heaters, and interior flooring updates. Triplexes in Santa Cruz with this excellent condition, desirability, and long-term stability are rare in Santa Cruz. Don't miss this opportunity!

136 Market ST, Santa Cruz

Listing courtesy of Marshall Keneipp, 303-913-8113 from Miritz & Bailey Real Estate, Inc
(If provided) CoList: from

$1,799,000
8 Beds ⋅ ML82051180 MLS
Centrally located on an expansive 8,756-square-foot lot, this unique property offers a total of six bedrooms and three and one-half bathrooms across two separate homes, each with its own private outdoor space. County records list the property as a duplex, but it features two distinct residences with individual addresses. The front home is brimming with vintage charm and features two bedrooms, one updated bathroom, kitchen with quartz counters, dining room, laundry room, and its own large backyard perfect for relaxing, gardening, or entertaining. The main residence offers three bedrooms, two and one-half bathrooms, a dining room, inside laundry, fresh interior paint, and brand-new carpeting. The inviting floor plan is complemented by a private backyard and an oversized deck off the primary suite, creating an ideal retreat for enjoying the outdoors. Whether you're seeking multi-generational living, rental income potential, or simply extra space, this centrally located property presents a rare opportunity with flexibility and charm.

334 Pennsylvania AVE, Santa Cruz

Listing courtesy of Linda Bailey, 831-818-1944 from Miritz & Bailey Real Estate, Inc
(If provided) CoList: from

$1,750,000
3 Beds ⋅ ML82050646 MLS
Welcome to 2228 Capitola Road, a thoughtfully designed modern property offering the flexibility of a primary residence with built-in rental income potential. Completed as a contemporary single-family home with an attached accessory dwelling unit (ADU), this unique property combines clean architectural design, high-end finishes, and low-maintenance living in one convenient locations. The main residence features two bedrooms and one bath, highlighted by polished concrete floors, expansive windows, and an open-concept living space filled with natural light. The designer kitchen showcases premium finishes and modern styling, creating an ideal space for both everyday living and entertaining. Large windows frame views of the sunny, fully fenced backyard, seamlessly connecting indoor and outdoor living. The attached one-bedroom, one-bath ADU provides exceptional flexibility perfect for rental income or multigenerational living Outside, the professionally designed landscape and sunny back yard provides ample room for gardening, outdoor dining, and relaxation, while requiring minimal upkeep. Additional features include a two-car covered carport, a dedicated storage area, and an all-electric modern design with quality contemporary finishes throughout.

2228 Capitola RD, Santa Cruz

Listing courtesy of Suzanne M. Rodoni, 831-345-4568 from Real Estate Eight Three One
(If provided) CoList: from

$1,599,800
4 Beds ⋅ ML82049464 MLS
Two turn-key homes on one large lot with extra building area and each unit with its own address, private access, and polished finishes. Ideally situated in Santa Cruz's sunny Banana Belt neighborhood, just minutes from Seabright Beach, Pleasure Point, Downtown, and local amenities. It offers 2 updated 2BD/1BA -920 sq. ft. units with rebuilt baths, commercial grade LifeProof LVP flooring, new doors, fixtures, and ventilation fans. Unit 505 features a ground up kitchen remodel with quartz counters, dove gray cabinetry, subway tile to the ceiling, soft close drawers, recessed lighting on dimmers, builtin microwave, dishwasher, and gas range with electric ready option. Exterior highlights include Craftsman style front doors, new garage doors, private outdoor spaces, coastal rock garden, low maintenance turf, and irrigation. Unit 505 enjoys an enclosed front yard with gated entry plus an approximate 2,000 sq. ft extra lot area with potential for ADU, workshop, or big gardens! One unit is owner occupied and the other is tenant occupied at $3,500/month, creating a live in one, rent the other opportunity in a highly walkable beachside Seabright location close to restaurants, breweries, and everyday amenities.

505 - 507 Hanover ST, Santa Cruz

Listing courtesy of Brandi Jones, 831-588-5145 from KW Thrive Santa Cruz
(If provided) CoList: from

$1,350,000
2 Beds ⋅ ML82048500 MLS
Amazing Seabright beach location Just yards from the beach with ocean view from the fenced-in front porch. The adorable cottage style duplex has one of the best locations in the Seabright beach neighborhood. You have the flexibility of renting in the desirable Santa Cruz rental market for one of the units and living in the other, or maximizing your cash flow by renting both units. The front unit has an updated kitchen, bathroom, and has fresh paint. Back unit was previously a STR with a quaint fenced yard garden and patio perfectly suited for barbeques and enjoying the beach climate. This unit also has an updated kitchen, flooring, remodeled bath, and has fresh paint, as well as a multi-purpose loft area that really expands the space. Street parking only. Cypress Avenue is a one way street so beach traffic is minimal. Photos from the back unit were previously used for the STR

216 Cypress AVE, Santa Cruz

Listing courtesy of Gayle O'Neal, 831-419-4841 from eXp Realty of California Inc
(If provided) CoList: from

$1,100,000
3 Beds ⋅ ML82048349 MLS
Golden Opportunity...Charming DUPLEX in a gorgeous Santa Cruz beachside neighborhood featuring a 2BD/1BA unit and a 1BD/1BA unit. Ideal for Investors, Multigenerational Living or Owner-Occupants seeking rental income potential. Both units offer tasteful improvements while maintaining coastal character & functionality. Conveniently located near beaches, shopping, dining, schools & all that Santa Cruz has to offer, this RARE opportunity offers flexibility & location all in one property. Private access to each Home with street parking on either side of the Building. Each unit is Light & Bright & provides a great space with everything needed for simple living with a lot of storage in the attic. Nice, low-maintenance landscaping all around. The location could not be any better to walk to the Iconic Santa Cruz Beach & Boardwalk. Great Rentals for UCSC students not only for when school is in session but for Summer time too! Unit A has 2bed/1bath & an enclosed yard with a NEW fence which is great for a Garden, BBQ & entertaining. Unit B has 1 Bed/1Bath w/ 2 exterior entry doors for easy access. Both have spacious Kitchens w/ plenty of Counter space & Cabinets open to the Family Room & Dinette area. This unique opportunity to own a property that can fit both lifestyle & investment goals!

114 Park AVE, Santa Cruz

Listing courtesy of Charlene King, 831-801-5464 from CENTURY 21 Masters
(If provided) CoList: Shannan Matthews from CENTURY 21 Masters
$1,395,000
5 Beds ⋅ ML82046058 MLS
Centrally located duplex situated on a large garden property at the end of a quiet cul-de-sac in the banana belt of Santa Cruz. Each light filled unit features 2 bedrooms, 1 full bath, a front porch, new flooring and paint, a nice size kitchen, and a rear deck with views of the yard. Each unit has its own full size garage with laundry hook ups and separate PGE and water meters, plus there is an additional basement storage area. Included is a downstairs permitted heated bonus room with its own full bathroom and separate entrance, which would be ideal for a home office, workout room or ADU conversion. The delightful grounds include many mature trees, a large lawn, horse shoe and firepit, and a wide variety of plants and flowers. The pedestrian bridge at the end of the street provides easy access to the river walk and Downtown Santa Cruz. Conveniently located near UCSC, Hwy 17, beaches, Boardwalk, Seabright and Midtown shops and restaurants. An excellent opportunity to own a home in the heart of Santa Cruz!

109 + 111 Berkeley WAY, Santa Cruz

Listing courtesy of Peter Cook, 831-247-7211 from Lighthouse Realty
(If provided) CoList: from

$6,999,000
8 Beds ⋅ ML82046156 MLS
Spectacular Front Row 4 unit Apartment Building directly overlooking Seabright State Beach aka "Castle Beach." Magnificent vistas across Monterey Bay from sunrise to sunset. Located in lovely Lower Seabright positioned between the Yacht Harbor and the Beach Boardwalk. This is paradise!

1703 East Cliff DR, Santa Cruz

Listing courtesy of Dave Dawson, 831-901-2856 from Bailey Properties
(If provided) CoList: Dorene Dawson from Bailey Properties
$3,150,000
5 Beds ⋅ ML82043847 MLS
Rare coastal investment opportunity on Santa Cruz's highly desirable Lower Westside, just one block from the ocean and iconic West Cliff Drive. Steps from Lighthouse Field State Beach and the popular Steamer Lane Supply restaurant, this prime location consistently attracts strong rental demand driven by lifestyle, walkability, and proximity to Monterey Bay. One of the largest duplexes this close to the ocean, the property features a 3BD/2BA upper unit and a 2BD/2BA lower unit with a bonus room that functions as a third bedroom, maximizing rental flexibility and income potential. Each unit includes a private 2-car garage, a rare and valuable amenity for tenants near the coast. The upper units private yard with jetted hot tub adds further appeal for premium rents. Flexible income strategies: rent both units for strong cash flow, short-term (buyer to verify) or long-term rental, or occupy one unit while generating income from the other. Tenants will enjoy easy access to downtown Santa Cruz, the Santa Cruz Wharf, and the Santa Cruz Beach Boardwalk, as well as immediate connectivity to coastal and mountain biking trails right from your front door. No need to load up the car. A rare combination of size, location, and versatility, an exceptional addition to any coastal portfolio.

300 Columbia ST, Santa Cruz

Listing courtesy of Tommy Ligon, 831-331-7828 from Bailey Properties
(If provided) CoList: from

$2,700,000
6 Beds ⋅ ML82043770 MLS
Enjoy vacation style living in this fabulous beach house! Stroll to the beach, smell the ocean and feel the cool breeze. A walker and biker's paradise - location, location, location! This gorgeous, award-winning home was completely remodeled with high quality material and craftmanship with impeccable attention to detail. Spacious open floor plans, beautiful stain glass windows, durable bamboo hardwood floors with radiant heating. Well-designed modern kitchens with granite countertops, large functional islands, custom built-in cabinets, and stainless-steel appliances. Other features include plantation shutters, French doors, keyless entry, USB outlets, dimmers, laundry, and EV chargers. Upper unit offers 2 private decks, skylights and abundant natural sunlight. Low maintenance yard with a smart irrigation system. Fenced yard with gated parking for 3-4 vehicles or RV. Take time to have fun vacationing daily at your own sweet beach house and enjoy fishing, surfing, kayaking, beach volleyball, games and rides at the Boardwalk, gourmet coffee, casual or fine dining at friendly restaurants with ocean views and beautiful sunsets at the wharf. Walk on West Cliff or venture downtown. Remember, you don't need to do all these in one day!

512 2nd ST, Santa Cruz

Listing courtesy of Nan Tingley, 408-807-5430 from Cornerstone Real Estate Services
(If provided) CoList: from

$3,975,000
16 Beds ⋅ ML82042938 MLS
Professionally managed UCSC rental opportunity with a phenomenal investment profile. This property features four 1,207 Sq. Ft. 4-Bed/2-Bath units, totaling 16 Bedrooms and 8 Bathrooms across 4,828 Sq. Ft. Benefit from an established rental history, very low vacancy rate, Total Operating Income of nearly $275K/year and a strong Net Operating Income (NOI) of $191K/year. Competitive financing is streamlined with SFR options available. Key features that maximize tenant appeal and minimize owner overhead include: on-site laundry, off-street parking, and 4 separate water and gas meters. The location is unbeatable for student renters, situated directly on the UCSC bus line corridor with quick access to campus and Downtown Santa Cruz. Don't miss this rare chance to secure a high-performing asset in a consistently robust rental market. All units are 4 Bed / 2 Bath

817 California ST, Santa Cruz

Listing courtesy of Sam Bird-Robinson, 831-515-6060 from Compass
(If provided) CoList: Charlie Lambert from Compass
$3,800,000
8 Beds ⋅ ML82038869 MLS
Turnkey multi-unit investment opportunity in a convenient Midtown Santa Cruz location. The property features five residential units across three structures plus a vacant rear portion of the parcel offering potential for future development. Unit mix includes a 3BR/2BA single-family home (420 Capitola Rd Ext) with an attached studio (420A), a detached 1BR/1BA home (422), and a duplex with a 2BR/1BA unit (422A) and a 2BR/1.5BA unit (424) sharing one wall. Additional improvements include covered parking, a shared laundry area, and several accessory structures. The parcel is primarily designated Urban Medium Residential and zoned RM-4, providing potential flexibility for multi-family housing uses. Well located near Midtown Santa Cruz, Ocean Street, Downtown, and area beaches, with convenient access to shopping, dining, and commuter routes. The property has a strong rental history and currently operates as a solid five-unit income property with ample open space and long-term upside potential, including the possibility for future expansion or larger-scale development. Buyer to verify zoning, and development potential with appropriate government agencies.

420 Capitola Road EXT, Santa Cruz

Listing courtesy of Kasey Hinchman, 831-239-3708 from David Lyng Real Estate
(If provided) CoList: from

$2,500,000
3 Beds ⋅ ML82030410 MLS
Charming Victorian-style duplex in the heart of Santa Cruz. The upper unit offers approximately 1,100 sq. ft. with 2 bedrooms and 1 bathroom, while the lower unit features approximately 800 sq. ft. with 1 bedroom and 1 bathroom, ideal for investment, owner-occupancy, or multigenerational living. A standout feature is the expansive 17,976 sq. ft. lot, offering compelling future development potential for multi-use and/or additional units (buyer to verify). Surrounded by established higher-density uses, the immediate area reflects what may be possible. For reference, the neighboring property at 314 Jessie St. is improved with an approximately 50-unit apartment building on a lot that appears only modestly larger, highlighting the upside opportunity for this exceptional parcel.

338 Ocean ST, Santa Cruz

Listing courtesy of Paul Zech, 831-247-3007 from Coldwell Banker Realty
(If provided) CoList: from

$2,250,000
8 Beds ⋅ ML82030395 MLS
A gem of a 4 Plex with potential to be a 6 Plex, centrally located. Close to 41st Avenue for shopping and entertainment, Simpkins Swim Center for a good work out, short Drive to the Beach, located on a large parcel in a quite neighborhood. Possible to add 2 Modular single level units. Report by a Land Use Planner indicates a strong possibility, parcel has been surveyed and building envelopes identified. The property has been well maintained all 4 kitchens and bathrooms have been remodeled. Building has a Pest Inspection Clearance. 2nd floor balcony area and access has had all SB 721 work completed. Please do not disturb tenants.

1803 Halterman AVE, Santa Cruz

Listing courtesy of Paul Bailey, 831-818-0406 from Bailey Properties
(If provided) CoList: from

$2,535,000
ML81988389 MLS
New zoning allows for multi-residential. Rare opportunity to own a piece of Santa Cruz History. Located on a highly visible corner on one of Santa Cruz's most well-traveled roads yet walking distance to downtown restaurants and shops. This spacious Victorian house is currently used as an office and is 4,623 Sq. Ft. plus 200 Sq. Ft. of storage space, includes 6 private offices as well as several meeting rooms and breakrooms. City will allow conversion into multi-family. In addition, there is a separate structure with a legal residential unit on second floor above the private office space offering a great opportunity for live/work or great rental income. Established history with therapy and professional office users and possible uses to include live/work, group home / transitional housing/recovery facility. A total of three parcels included and totaling over 18,000 Sq. Potential to merge lots for future development possibilities. Buyer to verify with City of Santa Cruz for residential and developmental possibilities.

603 Mission ST, Santa Cruz

Listing courtesy of Marvin Christie, 831-406-1031 from Anderson Christie, Inc.
(If provided) CoList: David Anderson from Anderson Christie, Inc.

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