California
Santa Cruz
1450 Merrill Street

$3,600,000

1450 Merrill Street, Santa Cruz, CA 95062

4,260 sqft

Commercial Property
Built in 1956
0.3acre lot
—— car garage
$845/sqft
Listed 11 days ago

Property Description

This well-maintained 9-unit multifamily complex is an excellent cash-flow opportunity to acquire a stable, long-term asset in a desirable coastal market with a strong rental history. Features 3 separate buildings: a front house with #A (2/1) and #B (1/1); a standalone #C (2/1); and a 6-unit apartment building (1/1). Beautifully landscaped with two outdoor areas, on-site parking, and leased, coin-operated laundry. Prime mid-county location - walking distance to the beach and near Pleasure Point surf and Capitola Village. Close to public transit, shops, and restaurants. 5 %+ cap rate based on current performance. Potential for value-added improvements that can increase rental income over time. Schedule a showing today!

Listing Status:: Active
Date Added:: June 6, 2025 at 05:00AM
Listing Office:: Bailey Properties : 831-688-7434
Listing Agent:: Paul Bailey : 831-818-0406
MLS ID:: ML82010023

A/C: None
Heating: Wall Furnace

This listing courtesy of Paul Bailey, Bailey Properties

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Principal & Interest $
Property Taxes $
Home Insurance $
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