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Downtown Moneymaker 5-Plex

108 Sycamore Street, Santa Cruz, CA 95060


5 Units | Multifamily

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Proposed 24 Unit SRO Development

Multifamily Property For Sale

No. Units:
Building Size:
2,400 SF
Property Type:
Property Sub-type:
Property Use Type:
Commission Split:
Cap Rate:
Gross Rent Multiplier:
No. Stories:
Year Built:
Lot Size:
4,835 SF
APN / Parcel ID:
Listing ID
Last Updated
23 days ago

Find Out More...


  • Classic 5-unit Carrier with Stable Tenants
  • Walking distance to Downtown
  • Includes Preliminary Development Plans for 24-unit SRO
  • Excellent Upside Potential
  • Walking Distance to Beach


Excellent opportunity to acquire a development project with classic 5-unit carrier bringing in over $65K/year. Includes preliminary plans and application to replace with a 4-story, 24-unit low-income SRO with a retail component plus parking for 12 cars at street level.

Additional options for development that are listed as primary uses under the existing Zoning for the property include a Micro Hotel or Senior Housing.

See attachments for details.

Located in the emerging corridor between downtown Santa Cruz and the Santa Cruz Municipal Wharf, directly across street from the recently-approved development at 555 Pacific with street level retail, restaurants and residential development a combined 4 stories plus underground parking.

Financial Summary

Unit Mix Information

Debt & Equity Information

  • Actual
  • 2013
  • $70,500
  • $70,500
  • $29,303
  • $41,196
  • $6,788

Map of 108 Sycamore Street, Santa Cruz, CA 95060 (Santa Cruz County)

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Datta Khalsa

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Downtown Moneymaker 5-Plex
  • Multifamily
  • $699,000
  • 5 Units
  • 2,400 SF