$7,250,000
bedrooms
4
bathrooms
0
square feet
15,890
Acreage
1.4151
Open Houses
-
year built
1977
Full Baths
0
Half Baths
0
Rare opportunity to acquire a distinctive 15-unit multifamily community in Santa Cruz's highly desirable Live Oak neighborhood. Situated on approximately 1.41 acres in a quiet private cul-de-sac across from Live Oak Elementary and just 1.5 miles from the beach, this pride-of-ownership property offers a unique townhome-style design with spacious single-story residences. Every unit features a private backyard, while Units 1-14 include an attached one-car garage, private laundry room, and dedicated parking. The property consists of (10) 2BD/1BA units, (4) 1BD/1BA units, and (1) micro 1BD/1BA unit. Recent improvements include a newer roof, dual-pane vinyl windows, and fresh exterior paint. Nearly 30 years of meticulous owner management has resulted in exceptionally low turnover, with several second-generation tenants. Owner pays water, sewer, garbage, and landscaping; tenants pay gas and electricity. Excellent opportunity for investors or owner-operators seeking a stable, well-maintained asset with long-term upside. True 5.0% Cap Rate at the asking price with property taxes adjusted accordingly. Please view vitual tours on MLS. Offering Memorandum available upon request.
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Open houses
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MLS number: ML82055928
Listing status: Active
Listing agent:
Joel Calvillo
#01733780
Listing broker:
Keller Williams Los Gatos Estates
(408) 560-9000
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Last update: Wednesday, July 29 2026 at 9:41 p.m. EDT
Kotohomes National