119 Clay St — Sale in Santa Cruz, CA

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Santa Cruz, CA 95060

Photos

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Investment Figures

Cap rate
5.03%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

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. Investment Highlights: • Attractive mix of one-bedroom and two-bedroom floor plans • Centrally located with convenient access to Downtown Santa Cruz, Santa Cruz Beach Boardwalk, and UC Santa Cruz • Rare opportunity to acquire a multifamily asset in one of Northern California's most supply-constrained coastal markets

Market Context

This multifamily in Santa Cruz, CA is listed for sale. It is offered at an approximate 5.0% capitalization rate, a key benchmark for income-producing multifamily assets. Compare it against other multifamily listings for sale in Santa Cruz, CA — view the full market.

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