Description

$400, 000 PRICE REDUCTION! Offered at $2, 900, 000, 119 Clay Street presents an opportunity to acquire a 10-unit apartment property in Santa Cruz. The property features a desirable unit mix of eight (8) one-bedroom and two (2) two-bedroom apartments, with an in-place 5.88% cap rate and 10.71 GRM. The property offers strong current income with upside potential through future rent growth in Santa Cruz’s competitive rental market.

Address

  • City Santa Cruz
  • State/county CA
  • Zip/Postal Code 95060

Details

Updated on October 28, 2026 at 7:36 pm
  • Property ID: ML82062896
  • Price: $2,900,000
  • Property Size: 5756 Sqft
  • Land Area: 0.321 Acres
  • Year Built: 1964
  • Property Type: Commercial Sale
  • Property Status: Active

Additional details

  • Roof: Composition
  • Cooling: None
  • Heating: Wall Furnace
  • County: Santa Cruz
  • Property Type: Commercial Sale

Contact Information

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Hoyt Hochman

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Hoyt Hochman
  • Hoyt Hochman