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Multifamily

313 Raymond St, Santa Cruz

313 Raymond St, Santa Cruz, CA 95060

Listing Price: $1,875,000

Cap Rate
5.14%
Number of Units
5
GRM
11.79
Occupancy
97.0%
Price/Unit
$375,000
Price/Gross SF
$835.56
Gross SF
2,244

Investment Overview

Marcus & Millichap is pleased to present 313 Raymond Street in Santa Cruz, California. 313 Raymond Street is a five-unit apartment that is walking distance to The Santa Cruz Beach Boardwalk. The property has four (4) 1 Bedroom x 1 Bathroom units, and one (1) 2 Bedroom x 1 Bathroom unit.
313 Raymond Street’s prime location makes this an exceptional opportunity for investors. Located less than a half mile away from Downtown Santa Cruz, tenants have easy access to the many shops, restaurants, cafes, and entertainment.
The University of California, Santa Cruz is less than four miles from the property and the Santa Cruz Beach Boardwalk is just a short walk down the road. Downtown San Francisco is roughly an hour north and San Jose is a mere 30-minute drive. Huge employers are located nearby, such as: PayPal, Adobe, Cisco Systems, Google, Facebook/Meta, and Apple are all less than 45 minutes away.

Investment Highlights

  • 5 Unit Apartment in Santa Cruz
  • Walking Distance to The Santa Cruz Beach Boardwalk and Downtown Santa Cruz
  • Close Proximity to The University of California, Santa Cruz

Exclusively Listed By

Multifamily

313 Raymond St, Santa Cruz

Listing Price: $1,875,000

Cap Rate
5.14%
Number of Units
5
GRM
11.79
Occupancy
97.0%
Price/Unit
$375,000
Price/Gross SF
$835.56
Gross SF
2,244

Investment Highlights

  • 5 Unit Apartment in Santa Cruz
  • Walking Distance to The Santa Cruz Beach Boardwalk and Downtown Santa Cruz
  • Close Proximity to The University of California, Santa Cruz

Investment Overview

Marcus & Millichap is pleased to present 313 Raymond Street in Santa Cruz, California. 313 Raymond Street is a five-unit apartment that is walking distance to The Santa Cruz Beach Boardwalk. The property has four (4) 1 Bedroom x 1 Bathroom units, and one (1) 2 Bedroom x 1 Bathroom unit. 313 Raymond Street’s prime location makes this an exceptional opportunity for investors. Located less than a half mile away from Downtown Santa Cruz, tenants have easy access to the many shops, restaurants, cafes, and entertainment. The University of California, Santa Cruz is less than four miles from the property and the Santa Cruz Beach Boardwalk is just a short walk down the road. Downtown San Francisco is roughly an hour north and San Jose is a mere 30-minute drive. Huge employers are located nearby, such as: PayPal, Adobe, Cisco Systems, Google, Facebook/Meta, and Apple are all less than 45 minutes away.

Exclusively Listed By

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