Santa Cruz, CA 95062,214 S Branciforte AVE
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Santa Cruz, CA 95062,214 S Branciforte AVE
Santa Cruz, CA 95062,214 S Branciforte AVE
Santa Cruz, CA 95062,214 S Branciforte AVE
Santa Cruz, CA 95062,214 S Branciforte AVE
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Mia Ellison

Mia Ellison

+1(310) 600-6948
$ 3,195,000
Est. payment /mo
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214 S Branciforte AVE Santa Cruz, CA 95062

10,105 Sqft Lot

UPDATED:

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

MLS Listing ID ML82021786

HOA Y/N No

Year Built 1974

Annual Tax Amount $34,765

Lot Size 10,105 Sqft

Property Description

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.

Location

State CA

County Santa Cruz

Area 699 - Not Defined

Zoning Multifamily

Interior

Heating Wall Furnace

Cooling None

Fireplace No

Exterior

Carport Spaces 10

Roof Type Flat

Total Parking Spaces 2

Schools

School District Other

Others

Tax ID 01013212000

Special Listing Condition Standard

CRMLS – RECore
Listed by Alex Budka Redwood Property Company

NEARBY SCHOOLS & PROPERTIES

SCHOOLSPROPERTIES
Elementary Schools 20
  • 9

    Brook Knoll Elementary School

    Public | KG - 5

  • 8

    Westlake Elementary

    Public | KG - 5

  • 8

    Tierra Pacifica Charter

    Public | KG - 8

  • 7

    Live Oak Elementary School

    Public | KG - 5

  • 6

    Del Mar Elementary School

    Public | KG - 5

  • 6

    Green Acres Elementary School

    Public | KG - 5

  • 5

    Bay View Elementary

    Public | KG - 5

  • 5

    De Laveaga Elementary

    Public | KG - 5

  • 5

    Santa Cruz Gardens Elementary

    Public | KG - 5

  • 4

    Alternative Family Education

    Public | KG - 12

  • 1

    Gault Elementary

    Public | KG - 5

  • 1

    Santa Cruz County Special Education

    Public | KG - 12

  • 0

    Gateway School

    Private | KG - 8

  • 0

    Spring Hill-Advanced Elementary School of Santa Cr

    Private | PK - 6

  • 0

    Holy Cross School

    Private | PK - 8

  • 0

    Santa Cruz Childrens School

    Private | KG - 6

  • 0

    Midtown Montessori

    Private | PK - KG

  • 0

    Vhm Christian School

    Private | KG - 8

  • 0

    Santa Cruz City Elementary Alternative Education-Monarch Community School

    Public | KG - 6

  • 0

    Ocean Alternative Education Center

    Public | KG - 8

Middle Schools 8
  • 10

    Pacific Collegiate Charter

    Public | 7 - 12

  • 6

    Mission Hill Middle School

    Public | 6 - 8

  • 5

    Shoreline Middle School

    Public | 6 - 8

  • 5

    Branciforte Middle School

    Public | 6 - 8

  • 0

    Sequoia Academy

    Public | 7 - 12

  • 0

    Georgiana Bruce Kirby Preparatory School

    Private | 6 - 12

  • 0

    Santa Cruz County Court

    Public | 7 - 12

  • 0

    Santa Cruz County Community

    Public | 7 - 12

High Schools 6
  • 8

    Cypress Charter High School

    Public | 9 - 12

  • 8

    Santa Cruz High School

    Public | 9 - 12

  • 7

    Harbor High School

    Public | 9 - 12

  • 2

    Ark Independent Studies

    Public | 9 - 12

  • 0

    Costanoa Continuation High School

    Public | 9 - 12

  • 0

    Santa Cruz County Regional Occupational Program

    Public | 10 - 12

School and business data provided by Attom Data.
Mia Ellison

Mia Ellison

Broker Associate | SB01271824

+1(310) 600-6948

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