Log In/Sign Up
Your email has been sent.
Showings: September 26th & October 3rd 214 S Branciforte Ave 5 Unit Apartment Building $3,195,000 ($639,000/Unit) 5.21% Cap Rate Santa Cruz, CA 95062
INVESTMENT HIGHLIGHTS
- Pre-Approved for ADU
- All Units Feature In-Unit Laundry
- Fully Renovated as of 2025
- Sub-metered for water & electricity, tenants pay all utilities including trash
- All Units Feature 9' x 10' Self Storage
- Walking distance to Seabright Beach, The Boardwalk and Whole Foods
EXECUTIVE SUMMARY
Ideally located in the sought-after Seabright neighborhood, the Branciforte Apartments are just a 10-minute walk from Seabright Beach, the Boardwalk, Whole Foods, and the Seabright Retail Corridor. Surrounded by single family homes that can sell for over $2M, the property is tucked away in a very safe, quiet corner of the neighborhood.
This boutique apartment community offers luxury finishes, in-unit laundry, covered parking, and a peaceful outdoor space where tenants can grill, socialize and relax. In addition, the 9’ x 10’ storage units provide residents with ample space for bikes, surfboards, beach gear, and more—perfectly suited to this lifestyle-oriented tenant base.
With tenants paying all utilities, ownership is sheltered from skyrocketing utility prices that have jumped as much as 70% in the last 5 years. At the same time, tenants’ electricity bills will be significantly, if not entirely, offset by the property’s rooftop solar panels.
This boutique apartment community offers luxury finishes, in-unit laundry, covered parking, and a peaceful outdoor space where tenants can grill, socialize and relax. In addition, the 9’ x 10’ storage units provide residents with ample space for bikes, surfboards, beach gear, and more—perfectly suited to this lifestyle-oriented tenant base.
With tenants paying all utilities, ownership is sheltered from skyrocketing utility prices that have jumped as much as 70% in the last 5 years. At the same time, tenants’ electricity bills will be significantly, if not entirely, offset by the property’s rooftop solar panels.
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $3,195,000 | Apartment Style | Low-Rise |
| Price Per Unit | $639,000 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.23 AC |
| Cap Rate | 5.21% | Building Size | 5,285 SF |
| Gross Rent Multiplier | 14.19 | No. Stories | 2 |
| No. Units | 5 | Year Built/Renovated | 1974/2025 |
| Property Type | Multifamily | Parking Ratio | 1.89/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Zoning | N/A | ||
| Price | $3,195,000 |
| Price Per Unit | $639,000 |
| Sale Type | Investment |
| Cap Rate | 5.21% |
| Gross Rent Multiplier | 14.19 |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.23 AC |
| Building Size | 5,285 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1974/2025 |
| Parking Ratio | 1.89/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | N/A |
AMENITIES
UNIT AMENITIES
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Freezer
SITE AMENITIES
- 24 Hour Access
- Tenant Controlled HVAC
- Walk-Up
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 5 | - | 917 - 1,150 |
1 1
Walk Score®
Very Walkable (74)
Bike Score®
Very Bikeable (87)
PROPERTY TAXES
| Parcel Number | 010-132-12-000 | Improvements Assessment | $670,000 (2025) |
| Land Assessment | $1,055,000 (2025) | Total Assessment | $1,725,000 (2025) |
PROPERTY TAXES
Parcel Number
010-132-12-000
Land Assessment
$1,055,000 (2025)
Improvements Assessment
$670,000 (2025)
Total Assessment
$1,725,000 (2025)
1 of 28
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
Showings: September 26th & October 3rd | 214 S Branciforte Ave
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.