$2,995,000

Address unavailable.

  • 3,700 sqft
  • Property Icon other
  • Property Year Built Icon Built in 1977
  • Property Lot Size Icon0.32acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $809/sqft
  • Property List Date Icon Listed 13 days ago

Property Description

Two Contiguous Parcels 13 TOTAL RENTAL UNITS. This property in this location could really be something more/as in more height 3-4 stories, more units, more income, more value. 328 Ocean St. 13 apartment units, 100% occupied for the last 25 years. Excellent rental income and NOI history. The 13 apartments sit on two parcels favorably Zoned R-M with over 13,808.52 sq. ft; with seventeen parking spaces. Located on major transportation corridor/bus line so, parking is not required if future units are added by going up 3-4 stories. Walk to Santa Cruz Beach Boardwalk, Municipal Wharf and the downtown village of Santa Cruz. One (1) mile to Highway 17 and CA Highway 1 (PCH). These two (2) parcels could be developed to increase height and number of units according to city planning department. 328 Ocean St. parcel one APN 010-551-29 is 7,797.24 sq. ft. Parcel two APN 010-551-30 is 6,011 sq. ft. "Lower Ocean"neighborhood has and is going through a development renaissance, increasing property values.

Listing Status:
Active
Date Added:
August 14, 2026
Data Last Updated:
August 27, 2026 at 12:06PM
Listing Office:
Coldwell Banker Realty :
Listing Agent:
Paul Zech : 831-247-3007
MLS ID:
ML82057686
  • A/C: None
  • Heating: Electric
  • Disability Feature: Other
  • Roofing: ShingleComposition
  • County: Santa Cruz
  • Zoning: RM01055129000
  • Water: Public

This listing courtesy of Paul Zech , Coldwell Banker Realty

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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