214 S Branciforte Avenue

Santa Cruz , CA 95062

MLS#: ML82021786

$3,195,000

Status: Active
Listing number: ML82021786
Listing provided by: Redwood Property Company
Listing agent phone: None
Last update: a day ago
New on site 3 days ago
Browse Properties
Main image without alt text

Property

Beds

None

Full Baths

None

1/2 Baths

None

Year Built

1974

Sq.Footage

N/A

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.

Features & Amenities

Interior

  • Total Bedrooms

    N/A

  • Bathrooms

    N/A

  • Cooling YN

    YES

  • Cooling

    None

  • Heating YN

    YES

  • Heating

    Wall Furnace

  • Pet friendly

    N/A

Exterior

  • Garage

    No

  • Pool

    No

Area & Lot

  • Lot Size(acres)

    0.232

  • Property Type

    Commercial Sale

Price

  • Sales Price

    $3,195,000

  • Tax Amount

    34765.0

  • Sq. Footage

    N/A

  • Price/SqFt

    N/A

HOA

  • Association

    No

School District

  • Elementary School

    N/A

  • Middle School

    N/A

  • High School

    N/A

Schedule a Showing

Showing scheduled successfully.

<
>
IN PERSON
VIA CHAT

Change time

Mortgage calculator

Estimate your monthly mortgage payment, including the principal and interest, property taxes, and HOA. Adjust the values to generate a more accurate rate.

Your payment

Principal and Interest:

$

Property taxes:

$

HOA fees:

$

Total loan payment:

$

Total interest amount:

$

Location

County

Santa Cruz

Elementary School

Middle School

High School

Listing Courtesy of Alex Budka , Redwood Property Company

RealHub Information is provided exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. RealHub website owner shall not be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

Agent LinaMirza

FOUNDER

LinaMirza

Call Lina today to schedule a private showing.

(818) 321-0175

Lina@theosrealty.com


* Listings on this website come from the FMLS IDX Compilation and may be held by brokerage firms other than the owner of this website. The listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed. If you believe any FMLS listing contains material that infringes your copyrighted work please click here to review our DMCA policy and learn how to submit a takedown request.© 2024 FMLS.
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.

214 S Branciforte Avenue

Message successfully sent.

What would you like to know?

Related Properties

Rare investment and development opportunity near the beach in Santa Cruz. This offering includes 3 parcels, a single-family home, duplex, and adjacent vacant totaling over 20,000 SF. The properties feature ocean peek views from the front porches and sit in a private location at the end of Viaduct Ct off West Cliff Drive, directly across from Beach Hill and close to the Wharf, Boardwalk, and Downtown. This is a once-in-a-lifetime chance to assemble a large parcel in a prime beachside location. Upside and development potential for investors and builders looking to create something special in Santa Cruz.
#ML82018716

Santa Cruz

W Cliff Drive

None Beds

None Baths

N/A

$2,898,000

MLS#: ML82018716

1450 Merrill St, known as Seadowns, is a three-building, nine-unit property that has been owned by the seller for 26 years. It is in close proximity to area beaches, East Cliff Drive, Pleasure Point, the Santa Cruz Small Craft Harbor, Sunday Live Oak farmer's market, Simpkins Swim Center and many local restaurants. The property contains ample outdoor space, providing a peaceful living experience for the renters. The property provides excellent walkability and bikeability. It also has 11 parking spaces, including 5 covered carport spaces. The coin-operated laundry is leased by the owner. The unit mix includes six 1-bedroom, 1-bath units (1-6) in the two-story building. Each of these six units has access to the outdoor space behind the building and has additional locked storage in the carport. Near the front of the property is a 2-bedroom, 1-bath unit (A) with a large fenced front yard, a 1 bedroom, 1-bath unit (B) with a fenced back yard and covered patio, and a stand-alone 2-bedroon, 1-bath unit (C). The owner has completed recent improvements including a new sewer lateral, new roof on the carport and laundry area, and fumigation for termites. Between turnovers, the Landlord has also painted the units, and updated appliances and fixtures, and installed new carpets.
#ML82017054

Santa Cruz

1450 Merrill Street

None Beds

None Baths

4,370 Sq.Ft.

$3,250,000

MLS#: ML82017054

121/123/125 Dubois is a versatile industrial property offering over 13,1225+/- SF of manufacturing and warehouse space in 3 adjacent suites which can remain demised or used as a single connected complex. Originally built in the late 1970s with a 5,000 SF cinder block structure, the building was expanded in the early 1980s with an additional 8,125 SF. While currently opened up as one contiguous space, the property was originally configured as three separately metered units, giving flexibility for multi-tenant use. This site is well-positioned for a variety of industrial uses, including, but not necessarily limited to manufacturing, distribution, or general warehousing, Ideal for an owner-user who wants to occupy the full space or lease out a portion for income. Includes 23,000+/- SF of fenced undeveloped land in back that can be used in its present state as a yard for large vehicle and equipment storage or development of additional buildings.
#ML82015874

Santa Cruz

125 Dubois Street

None Beds

None Baths

13,125 Sq.Ft.

$3,500,000

MLS#: ML82015874

707 Seabright is a 9-unit property that has been in the same family for nearly 50 years. It is in close proximity to Seabright Beach, the Santa Cruz Small Craft Harbor, and many local restaurants in the desirable Seabright neighborhood. The units are set back from the street, providing peaceful living experience for the tenants. Although the property provides excellent walkability, it also has 13 parking spaces, including eight covered carport spaces. The unit mix includes eight 1-bedroom, 1-bath units in the two story main building. Each of these eight units has a patio or balcony. The ninth unit is a stand-alone 3-bedroom, 1-bath house with a fenced front patio and an opportunity to create a large, fenced back yard. The house is an excellent rental. It would also work well for an owners beach unit. There is ample open space, with the potential for additional development (the adjacent parcel is similarly sized and contains 14 units). Over the past two years, the owner has completed numerous improvements at a cost of nearly $200,000. These improvements include a new roof on the main building, a re-piping of the main building, and a new sewer lateral. One unit occupied by owner's son not paying rent, will be delivered vacant at closing.
#ML82014577

Santa Cruz

707 Seabright Avenue

None Beds

None Baths

6,406 Sq.Ft.

$3,600,000

MLS#: ML82014577

The charming Blue Bell Apartments are ideally located in the Beach Hill area of Santa Cruz, walking distance to the area beaches, the Santa Cruz Beach Boardwalk and the downtown restaurants and shopping areas. The garden style layout has an interior, landscaped court and common area, with a laundry room on-site. The 11 units are comprised of 3 studios and 8 one bedroom units. The Santa Cruz Downtown Expansion Plan brings growth and revitalization to this area and makes this property ideal for investors looking for a solid rental income property.
#ML82010605

Santa Cruz

120 Trinity Street

None Beds

None Baths

5,224 Sq.Ft.

$3,300,000

MLS#: ML82010605

1600 Brommer Street is situated in the heart of Midtown Santa Cruz, a vibrant & walkable neighborhood that seamlessly blends residential charm with commercial vitality. This area is renowned for its eclectic mix of local businesses, cafes, & cultural venues, making it an ideal spot for a mixed-use development that caters to both residents & visitors. Site proposal offers 58 residential units (studios, 1BR, 2BR plus VLI units) & 4,793 SF ground-floor commercial w/ underground parking. Modern 4-story design w/ 87 structured parking spaces, private balconies, rooftop terraces, courtyard & public plaza. Zoned C-1 on a 0.86-acre lot w/ 100,843 SF total area. Bonus density approved w/ height, parking & use concessions. Walk Score 84, Bike Score 100. Close to beach, harbor, parks, dining & transit. High-demand rental market. Strong investor appeal. Price structured at present value & condition; as Seller reaches benchmark goals, price will adjust accordingly.
#ML81972435

Santa Cruz

1600 Brommer Street

None Beds

None Baths

N/A

$2,988,000

MLS#: ML81972435

Huge Price Reduction! FOR SALE OR LEASE!!Welcome to this wonderful Santa Cruz commercial treasure. Over 22,300 sq ft of available space with a multitude of amenities to satisfy a diverse tenant population. Medical personnel occupy spaces, and medical tenant improvements remain for the next group of practitioners. Legal and accounting professionals have residence here, and the entire facility provides both private suites and general meeting and conference rooms for clients. Each floor provides dual restroom facilities, and employee / client break areas are available . The 73 space parking asset is extraordinary for Santa Cruz and affords all tenants the availability of nearby parking for themselves, employees, and clients. There is an extended income history with this building, and it provides both an investor or owner / user opportunity for the future. A great diversity in suite sizes and flexibiity of use. Very easy access to downtown, freeways, or commercial facilities throughout Santa Cruz and surrounding areas. Motivated seller who will work with you through the purchase process. This is a winner.
#ML81965997

Santa Cruz

700 Frederick Street

None Beds

None Baths

22,230 Sq.Ft.

$3,795,000

MLS#: ML81965997

New zoning allows for multi-residential. Rare opportunity to own a piece of Santa Cruz History. Located on a highly visible corner on one of Santa Cruz's most well-traveled roads yet walking distance to downtown restaurants and shops. This spacious Victorian house is currently used as an office and is 4,623 Sq. Ft. plus 200 Sq. Ft. of storage space, includes 6 private offices as well as several meeting rooms and breakrooms. In addition, there is a separate structure with a legal residential unit on second floor above the private office space offering a great opportunity for live/work or great rental income. Established history with therapy and professional office users and possible uses to include live/work, group home / transitional housing/recovery facility. A total of three parcels included and totaling over 18,000 Sq. Potential to merge lots for future development possibilities. Buyer to verify with City of Santa Cruz for residential and developmental possibilities.
#ML81949855

Santa Cruz

603 Mission Street

None Beds

None Baths

5,923 Sq.Ft.

$2,700,000

MLS#: ML81949855

- property

Send a message

Message successfully sent.

Your message

Reason for contacting?

Sign Out

Virtual Assistant

Would you like to receive some additional information on this specific property or similar properties?

Yes, I would like more information.

Thank You for Your Reply, One of Our Agents will contact you as soon as possible

No, maybe later.

Thank you, you can always contact me via email, phone number or through the contact form.

Realhub AI

Lucy - Your AI-Powered Realtor

Update Your Temporary Password

Personalize your search

Enter your email and we'll notify you immediately when new listings match what you're looking for.

or enter email address

Already have an account ? Login here

Continue your home search

Already have an account ? Login here