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Multifamily

312 Ocean St, Santa Cruz

312 Ocean St, Santa Cruz, CA 95060

Listing Price: $1,550,000

Cap Rate
4.16%
Number of Units
3
GRM
12.30
Occupancy
97.0%
Price/Unit
$516,667
Price/Gross SF
$717.92
Gross SF
2,159

Investment Overview

Marcus & Millichap is pleased to present 312 Ocean Street in Santa Cruz, California. 312 Ocean Street is a triplex that is walking distance to The Santa Cruz Beach Boardwalk. The property has two (2) 2 Bedroom x 1 Bathroom units, and one (1) 3 Bedroom x 1 Bathroom unit.
312 Ocean Street ’s prime location makes this an exceptional opportunity for investors. Located less than one 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 in close proximity to 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

  • Triplex in Santa Cruz
  • Walking Distance to The Santa Cruz Beach Boardwalk
  • Close Proximity to The University of California, Santa Cruz

Exclusively Listed By

Multifamily

312 Ocean St, Santa Cruz

Listing Price: $1,550,000

Cap Rate
4.16%
Number of Units
3
GRM
12.30
Occupancy
97.0%
Price/Unit
$516,667
Price/Gross SF
$717.92
Gross SF
2,159

Investment Highlights

  • Triplex in Santa Cruz
  • Walking Distance to The Santa Cruz Beach Boardwalk
  • Close Proximity to The University of California, Santa Cruz

Investment Overview

Marcus & Millichap is pleased to present 312 Ocean Street in Santa Cruz, California. 312 Ocean Street is a triplex that is walking distance to The Santa Cruz Beach Boardwalk. The property has two (2) 2 Bedroom x 1 Bathroom units, and one (1) 3 Bedroom x 1 Bathroom unit. 312 Ocean Street ’s prime location makes this an exceptional opportunity for investors. Located less than one 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 in close proximity to 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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