Investment Overview

Marcus & Millichap is pleased to present 119 Clay Street, a 10-unit multifamily investment opportunity located in Santa Cruz, California. The property features a unit mix consisting of eight one-bedroom units and two two-bedroom units, offering a diversified mix of highly rentable floor plans in one of the Central Coast’s most supply-constrained rental markets. 119 Clay Street is centrally located with convenient access to Downtown Santa Cruz, area beaches, the Santa Cruz Beach Boardwalk, UC Santa Cruz, shopping, dining and major employment centers. Santa Cruz continues to demonstrate strong multifamily fundamentals, supported by limited housing supply, high barriers to new development and sustained rental demand. With its desirable unit mix and central Santa Cruz location, 119 Clay Street offers investors the opportunity to acquire a well-located multifamily asset in one of Northern California’s most desirable coastal markets.