858-525-5007

328 Ocean, Santa Cruz CA 95060 | $3,000,000

  • 0 bedrooms
  • 0 bathrooms
  • 0 Sq Ft
  • 0 Lot Sq Ft
  • Type:
  • Stories: 0
  • Year Built: 1977
  • MLS#: ML82030413
  • Community: 699 - Not Defined

Listing provided courtesy of Paul Zech of Coldwell Banker Realty. Last updated 2026-02-13 09:38:48.000000. Listing information © 2025 SANDICOR.

Offered at an attractive 6% cap rate with a proven track record of performance,100% occupied for the past 25 years. This 13-unit apartment property delivers excellent rental history with potential upside through reasonable rent increases. The apartments span two parcels totaling 13,808.52 sq. ft. and include 17 marked parking spaces. Ideally located on a major bus line and just minutes to the Santa Cruz Beach Boardwalk, Municipal Wharf, and downtown Santa Cruz. Convenient access with approximately one mile to Hwy 17 and Hwy 1 (PCH). Additional value may exist through future redevelopment potential, with the possibility to increase height and unit count (buyer to verify). Parcel 1: APN 010-551-29 - 7,797.24 sq. ft. Parcel 2: APN 010-551-30 - 6,011 sq. ft.

More Details

Parking Spots: 17.00
Carport Spaces: 0.00

David Piper​

Call or Text: 858-525-5007

DRE# 02021985