About 317 Ocean St
317 Ocean Street offers an attractive opportunity to acquire a seven-unit multifamily property in a highly desirable and supply-constrained Santa Cruz rental market. The property consists of five one-bedroom units and two two-bedroom units, providing a diversified unit mix that appeals to a broad tenant base. The property contains approximately 3,700 square feet of rentable building area on an approximately 7,405-square-foot lot and benefits from an established operating history with strong occupancy. Its efficient unit sizes and central Santa Cruz location support consistent rental demand from local professionals, students, and other residents seeking well-located housing. The property also offers opportunities to enhance cash flow over time through rent growth, operational efficiencies, and strategic property improvements.
Features of 317 Ocean St
| MLS® # | ML82060762 |
|---|---|
| Price | $2,100,000 |
| Square Footage | 3,700 |
| Acres | 0.17 |
| Year Built | 1908 |
| Type | Multi-Residential |
| Sub-Type | Five or More Units |
| Status | Active |
Community Information
| Address | 317 Ocean St |
|---|---|
| Area | East Santa Cruz |
| City | SANTA CRUZ |
| County | Santa Cruz |
| State | CA |
| Zip Code | 95060 |
Amenities
| Utilities | Public Utilities, Solar |
|---|---|
| Parking Spaces | 9 |
| Garages | Assigned Spaces, Common Parking Area |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Heating | Wall Furnace , Other |
|---|---|
| Cooling | Window / Wall Unit |
| Fireplace | No |
Exterior
| Windows | Solar Power |
|---|---|
| Roof | Flat / Low Pitch |
| Construction | Wood Frame |
| Foundation | Crawl Space |
Additional Information
| Zoning | R-M |
|---|---|
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Agent | Fred Rubio |
|---|---|
| Office | Marcus & Millichap |
| Contact Info | 408-314-3009 |