Outstanding investment opportunity. Great location on highly desirable Beach Hill, West Side Santa Cruz. Beautiful views of Downtown Santa Cruz, San Lorenzo River, and Santa Cruz Mountains. Walk to beach, Santa Cruz Beach Boardwalk, the Municipal Wharf, and to downtown Santa Cruz' restaurants, theaters and shops. 28 units total, including 8 ea. SROs, 10 ea. studios, 6 ea. 2BR/1BA, 3 ea. 1BR/1BA, and 1 ea. large 'Owners' Suite' 3BR/2BA. Residential units in very high demand, with almost no vacancies.
Multi-familyProperty Type
1945Year Built
0.67 acresLot Size
$253Price/Sq.Ft.
25 spacesParking
Listed by Thomas Stelling•DRE #00709123• KW Thrive Santa Cruz
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Public record
Zoning
Permits
Beds
10
Baths
—
Stories
2
Lot width
—
Lot depth
—
Lot size
0.67 Acres
Year renovated
1945
Sq. Ft.
7,617
Year built
1945
Style
Multi-Family (5+ Unit)
County
Santa Cruz County
APN
00703307
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Oct 15, 2026.
RTB
Subdistrict-B Motel Residential District
The purpose of Subdistrict B is to establish and control uses to ensure a compatible mixture of uses addressing the needs of residents and tourists. Dominant uses contemplated are motel and medium-density residential uses. To encourage development which is attractive to both permanent residents and tourists, emphasis will be placed on compatibility of design, landscaping, and a comprehensive review of site planning in compliance with the Design Guidelines of the Beach and South of Laurel Comprehensive Area Plan.
Permitted uses
Include but are not limited to:
Housing-Group
Housing-Single unit
Housing-Multiple units
Communications tower
May 20, 2027 • Active
Bldg commercial
Remove and reconstruct an existing deteriorated walkway.
Remodel
Jun 15, 2026 • Final
Bldg commercial
Remodel
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
Property details
Parking
Parking Information
Parking Description: Common Parking Area
Parking Spaces: 25
Interior
Room Information
Kitchen Description: Appliances (Varies by Unit)
Interior Features
Laundry: Coin-Operated
Flooring: Carpet, Vinyl/Linoleum
Heating & Cooling Information
Heating: Gas
Multi-Unit Information
# of Units in Complex (Minimum): 27
Annual Rental Income: $309,000
Annual Gross Income: $299,730
Gross Rent Multiplier: 12.62
Gross Scheduled Income: $309,000
Total Expenses: $101,244
Vacancy Factor: 3
Unit Type 1 Information
# of Units (Total): 8
# of Baths (Full): 1
Rent: $900
Unit Type 2 Information
# of Units (Total): 10
# of Baths (Full): 1
Rent: $925
Unit Type 3 Information
# of Bedrooms: 1
# of Units (Total): 3
# of Baths (Full): 1
Rent: $950
Unit Type 4 Information
# of Bedrooms: 2
# of Units (Total): 6
# of Baths (Full): 1
Rent: $1,800
Unit Type 5 Information
# of Bedrooms: 3
# of Units (Total): 1
# of Baths (Full): 1
Exterior
Exterior Features
View: City Lights, Downtown, Mountains
Roof: Composition
Building Information
# of Buildings: 2
Subclass: 5+ Units
Concrete Perimeter
Pool Information
Has Pool
Pool Description: Fenced, Heated, In-Ground
Property Features
Living Sq. Ft.: 13,032
Security Features: Varies by Unit
Special Features: Parking
Property Information
Ownership Type: Trust
Property Primary ID: 429087
Tenant Expenses: Rent Only
Land Information
Landscape Expense: $2,525
Lot Information
Lot Acres: 0.674
Lot Size Area Minimum Units: Sq. Ft.
Lot Size Area Maximum Units: Sq. Ft.
Lot Size Source: Assessor
Zoning: RTB
Financial
Tax/Assessment Information
Annual Tax Amount: $42,900
City Transfer Tax: No
Utilities
Utility Information
Meters: Primary Electric, Primary Gas, Primary Water
Sewer Septic: Sewer Connected
Utilities: Natural Gas
Trash Expense: $8,097
Utility Expenses: $14,422
Water Information
Water: Public
Location
HOA Information
HOA Amenities: Community Pool
School Information
Elementary School District: Santa Cruz City Elementary
High School District: Santa Cruz City High
Public facts
Beds: 10
Baths: —
Sq. Ft.: 7,617
Stories: 2.0
Lot Size: 0.67 acres
Style: Multi-Family (5+ Unit)
Year Built: 1945
Year Renovated: 1945
County: Santa Cruz County
APN: 00703307
Home facts updated by county records on Oct 15, 2026
Other
Miscellaneous Information
Incorporated: No
Around this home
Schools
Bay View Elementary School
Public K-5 • Assigned • 0.9mi
8/10
Mission Hill Middle School
Public 6-8 • Assigned • 0.8mi
9/10
Santa Cruz High School
Public 9-12 • Assigned • 0.6mi
10/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
3/10 Heat Factor
7 days above 81° expected this year, 14 days in 30 years
1/10 Wind Factor
Minimal risk of severe winds over next 30 years
7/10 Air Factor
13 unhealthy days expected this year, 14 days in 30 years
Provided by First Street
Historical weather
Santa Cruz, CA • 95060
Average low and high temperatures (°F)
64
43
65
46
70
48
68
49
73
52
73
54
75
57
79
57
78
59
74
52
66
47
64
46
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 10.8 hours in
June and 4.9 hours in December, placing it above the
U.S. average for solar exposure.