Yvette Watson - Coldwell Banker Commercial Real Estate Solutions Logo
$2,995,000
( $809.46Per Sq Foot )
 $16,078 est/mo Sourced by Back At You

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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.

Details

MLS #ML82057686
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1977
Days On Site63
Listing Provided ByColdwell Banker Realty | Paul Zech

Features

SQ Feet3,700
Building(s)4
ZoningRM
Acreage0.32

Interior

CoolingNone
HeatingElectric
Heating Yes / NoYes
Cooling Yes / NoYes

Exterior

RoofComposition

Taxes

Property38120

Area Information

StateCA
CountySanta Cruz
CitySanta Cruz
Zip Code95060
Area699 Not Defined
Listing VS Median (in 95060)
Price:
$2,995,000
low | high
Med:
$1,999,999
83.222070116861% of Average
sqft:
3,700
low | high
Med:
2,685
77.432432432432% of Average
$ / sqft:
$809
low | high
Med:
$745
57.978271669418% of Average
On site:
63
low | high
Med:
189
33.333333333333% of Average
Sourced by Back At You

Market Activity 95060

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Learn More About This Property

Yvette Watson

Yvette Watson

Coldwell Banker Home Source

02046244 (909) 489-6340yvette.watson@cbhomesource.com
StateCA
CountySanta Cruz
CitySanta Cruz
Zip Code95060
Area699 Not Defined
Listing VS Median (in 95060)
Price:
$2,995,000
low | high
Med:
$1,999,999
83.222070116861% of Average
sqft:
3,700
low | high
Med:
2,685
77.432432432432% of Average
$ / sqft:
$809
low | high
Med:
$745
57.978271669418% of Average
On site:
63
low | high
Med:
189
33.333333333333% of Average
Sourced by Back At You
Listing Updated: August 31, 2026 at 12:28:26 PM PDT

Yvette Watson - Coldwell Banker Commercial Real Estate Solutions