Property Details
About this Property
Extensively and tastefully renovated turnkey investment opportunity with upside in rent income and ADU development potential. The property operates at a 5.21% in-place cap rate, with upside of achieving a 7.3% cap rate. Ideally located in the sought-after Seabright neighborhood, the Branciforte Apartments are just a 10-minute walk from Seabright Beach, the Boardwalk, Whole Foods, and the Seabright Retail Corridor. Surrounded by single family homes that can sell for over $2M, the property is tucked away in a very safe, quiet and quaint corner of the neighborhood. This boutique apartment community offers luxurious finishes, in-unit laundry, open floorplans, tandem covered parking with a 2:1 parking space ratio, backyards/balconies in select units and a peaceful outdoor space where tenants can grill, socialize and relax. In addition, the 9 x 10 storage units provide residents with ample space for bikes, surfboards, beach gear, and more. With tenants paying all utilities, ownership is sheltered from skyrocketing utility prices that have jumped as much as 70% in the last 5 years. At the same time, tenants' electricity bills will be significantly, if not entirely, offset by the property's rooftop solar panels. ADU plans ready for building department submittal.
MLS Listing Information
MLS #
ML82021786
MLS Source
MLSListings, Inc.
Days on Site
2
Interior Features
Cooling
None
Heating
Wall Furnace
Exterior Features
Roof
Flat
Foundation
Slab
Parking, School, and Other Information
Garage/Parking
Covered Parking, Tandem Parking, Garage: 0 Car(s)
High School District
Santa Cruz City Elementary
Sewer
Public Sewer
Zoning
Multifamily
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 1 | 5 | 5 |
| Type | Sq Ft | Beds | Baths | Min Rent | Max Rent | Units Like This |
|---|---|---|---|---|---|---|
| 1 | 1,150 | 2 | 1/0 | $3,845 | $3,995 | 3 |
| 2 | 917 | 2 | 1/0 | $3,695 | $3,695 | 2 |
Neighborhood: Around This Home
Neighborhood: Local Demographics
Nearby Homes for Sale
214 S Branciforte Ave is a Residential Income in Santa Cruz, CA 95062. This 5,285 square foot property sits on a 10,106 Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $3,195,000 and was built in 1974. This address can also be written as 214 S Branciforte Ave, Santa Cruz, CA 95062.
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This listing information is up-to-date as of September 17, 2025. For the most current information, please contact Alex Budka, (831) 275-5370
