Property photo 1
Property photo 2
2,685 sqft

$1,999,999

114 Franklin Street, Santa Cruz CA, 95060

Price per sqft$744.88
Built in1980
Property size2,685 sqft
Property typeOther

Overview

Active

Listed Feb 26, 2026

Updated 3 weeks ago

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.

$13,306/mo

Est. mortgage payment based on a $1,999,999 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
ML82036301

Interior Features

Heating
Yes
Basement
No

Exterior Features

Lot Size
0.14 Acres
MLS provider logo

Listed by Shawki Farhat, with Raeid Farhat Real Estate Inc
Listing Contact: 831-228-9559 

Bay East  ©2026 CCAR  ©2026. bridgeMLS  ©2026. Information Deemed Reliable But Not Guaranteed. This information is being provided by the Bay East MLS, or CCAR MLS, or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website. This information is intended for the personal use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated at 4:33 AM UTC, 9/10/2026.

Powered by Luxury Presence