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Santa Cruz, CA

$1,999,999

114 Franklin Street, Santa Cruz, CA
0
Baths
1980
Built
142
Days listed

About this home

7+ CAP Investment Opportunity! CAP rate above 7 is uncommon for multi-unit properties in Santa Cruz. Fully leased five-unit income property in prime Santa Cruz location. Property consists of a 2-bedroom main home, two detached studios (including a Jr. ADU), and two detached 2-bedroom/1-bath ADUs. All units are currently occupied, providing stable in-place rental income. Conveniently located near Highway 1, Santa Cruz Beach Boardwalk, UCSC, downtown Santa Cruz, and restaurants. Great opportunity for investors seeking a multi-unit investment property in an ideal location.

Facts & features

Interior
Bathrooms
0
Heating
Electric
Cooling
None
Exterior & lot
Lot size
0.142 acres (6,186 sq ft)
Year built
1980
Parking spaces
-5
Community
Area
699 - Not Defined
County
Santa Cruz
Listing details
Status
Active
Property type
Commercial Sale
Days on market
142
Listed
2026-02-25
Parcel #
00823118000
MLS #
ML82036301
Listed by
Shawki Farhat · Raeid Farhat Real Estate Inc
831-228-9559shawki@farhatregroup.comDRE #02225210

Location

Price history

Listed
$1,999,999 · 2026-02-25
Days on market
142
Current price
$1,999,999
Financing

Could this home be yours?

Estimated monthly payment
$12,546
$10,113 principal & interest · $2,433 taxes & insurance
$400,000
Estimate only
Loan $1,599,999

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Listing data provided by CRMLS

Listing courtesy of Raeid Farhat Real Estate Inc. © 2026. The multiple listing data appearing on this website is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the consumer may be interested in purchasing. All data, including but not limited to all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed. Last updated July 26, 2026 Equal Housing Opportunity.

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