$1,999,999

114 Franklin Street, Santa Cruz CA, 95060

Price per sqft$744.88

Built in1980

Property size2,685 sqft

Property typeCommercial

Listed by Shawki Farhat CA DRE# 02225210 with Raeid Farhat Real Estate Inc 831-228-9559

Overview

Active

Listed Feb 25, 2026

Updated 3 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

Also listed on MLSLISTINGS

Listed by Shawki Farhat CA DRE# 02225210 with Raeid Farhat Real Estate Inc 831-228-9559

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 9/10/2026. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

Data last updated on 9/10/2026 at 3:16 AM UTC Last Checked: 3:16 AM UTC