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Garrick Yan

garrick@garrickyan.com +1(510) 999-8008

Listed by Alex Budka • Redwood Property Company

$ 3,195,000

Est. payment -/mo

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Active

214 S Branciforte Avenue Santa Cruz, CA 95062

5,285 SqFt

UPDATED:

Key Details

Property Type Commercial

Sub Type Other

Listing Status Active

Purchase Type For Sale

Square Footage 5,285 sqft

Price per Sqft $604

MLS Listing ID ML82021786

HOA Y/N No

Year Built 1974

Lot Size 10,106 Sqft

Property Sub-Type Other

Source Datashare MLSListings

Property Description

Extensively and tastefully renovated turnkey investment opportunity with upside in rent income and ADU development potential. The property operates at a 5.21% in-place cap rate, with upside of achieving a 7.3% cap rate. Ideally located in the sought-after Seabright neighborhood, the Branciforte Apartments are just a 10-minute walk from Seabright Beach, the Boardwalk, Whole Foods, and the Seabright Retail Corridor. Surrounded by single family homes that can sell for over $2M, the property is tucked away in a very safe, quiet and quaint corner of the neighborhood. This boutique apartment community offers luxurious finishes, in-unit laundry, open floorplans, tandem covered parking with a 2:1 parking space ratio, backyards/balconies in select units and a peaceful outdoor space where tenants can grill, socialize and relax. In addition, the 9 x 10 storage units provide residents with ample space for bikes, surfboards, beach gear, and more. With tenants paying all utilities, ownership is sheltered from skyrocketing utility prices that have jumped as much as 70% in the last 5 years. At the same time, tenants' electricity bills will be significantly, if not entirely, offset by the property's rooftop solar panels. ADU plans ready for building department submittal.

Location

State CA

County Santa Cruz

Interior

Heating Wall Furnace

Cooling None

Fireplace No

Exterior

Handicap Access Other

© 2025 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.

Garrick Yan

Team Leader | CA BRE #01916102

+1(510) 999-8008

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