Investment Overview

209 Kaye St is an exceptional 6-unit investment opportunity situated just two blocks from the famous Santa Cruz Beach Boardwalk located in the thriving city of Santa Cruz, California. Situated on a parcel of land totaling 2,265 square feet, the subject property was originally constructed in 1888 and features a gross building area of approximately 2,197 square feet, offering tenants beautifully designed two-bedroom, one-bedroom, and studio floor plans. Additionally the subject property has undergone improvements which include updated laundry drain lines, furnaces, water heater, as well as select units featuring a new patio door and windows. 209 Kaye St offers renters an extremely desirable location in the heart of Santa Cruz. The subject property is located just 4 miles from Capitola Mall, 1 mile from Downtown Santa Cruz and two blocks from the Santa Cruz Beach Boardwalk, all offering a myriad of shopping, dining and entertainment options. Just an approximate 40 minute drive from San Jose, 209 Kaye St offers residents convenient access to all of the major employers of the South Bay while still allowing for relaxing downtown, beach and mountain living. Major employers located in the South Bay include Apple, Google, eBay, LinkedIn, Cisco and many others. Additionally, the subject property is located near UC Santa Cruz providing off campus housing opportunities for both students and faculty members. The investment appeal of this asset is driven by Santa Cruz's strong employment fundamentals and low vacancy levels. With a world-class location along the California Coast, 209 Kaye St presents an attractive choice for renters due to its close proximity to major employers, transportation corridors, shopping, dining and entertainment options.