140 Bay St - 140 Bay Street 8 Unit Apartment Building Offered at $3,200,000 at a 4.19% Cap Rate Santa Cruz, CA 95060

Coastal living meets strong investment performance in this exceptional 8-unit property just steps from iconic W Cliff Dr. This well-maintained 5309 sq ft building features 8 single-level, 1BR/1BA , separately metered units. Ground floor units enjoy small outdoor spaces ideal for plants or personal touches, while the upper ones capture neighborhood and downtown views. Professionally managed, the units are consistently occupied, offering stable cash flow and long-term investment reliability. Annual income is $208K. With consistent demand in this prime coastal location, it presents both immediate income and upside potential. Upgrades and amenities include a new DuroLast roof in 2021, double pane windows, on-site laundry, bike racks, and dedicated off-street parking, enhancing tenant appeal and retention. A High Walk Score gives residents easy access to the Santa Cruz Wharf, vibrant downtown, and nearby public transit. Just a few blocks away, sandy beaches and world-class surfing at Steamer Lane offers the perfect coastal escape if you choose to keep one unit for yourself. Multi-unit properties like this rarely come to market, making this one a unique opportunity to acquire a turnkey asset in one of Santa Cruz's most desirable locations.