328 Ocean Street Santa Cruz, CA $ 3,000,000
328 Ocean Street
$ 3,000,000
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328 Ocean Street

Santa Cruz, CA, 95060
$ 3,000,000
Bedrooms-- Baths-- Sq 6,047

Monthly Estimate*

$ 18,472

Listed by Coldwell Banker Realty
328 Ocean Street, Santa Cruz, CA 95060 - Image 1
328 Ocean Street, Santa Cruz, CA 95060 - Image 2
328 Ocean Street, Santa Cruz, CA 95060 - Image 3
328 Ocean Street, Santa Cruz, CA 95060 - Image 4
328 Ocean Street, Santa Cruz, CA 95060 - Image 5
328 Ocean Street, Santa Cruz, CA 95060 - Image 6
328 Ocean Street, Santa Cruz, CA 95060 - Image 7
328 Ocean Street, Santa Cruz, CA 95060 - Image 8
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Commercial Property for sale in Santa Cruz, CA

for $3,000,000. This 6,047 square foot building was built in 1977 on a lot size of 0.317.

Offered at an attractive 6% cap rate with a proven track record of performance,100% occupied for the past 25 years. This 13-unit apartment property delivers excellent rental history with potential upside through reasonable rent increases. The apartments span two parcels totaling 13,808.52 sq. ft. and include 17 marked parking spaces. Ideally located on a major bus line and just minutes to the Santa Cruz Beach Boardwalk, Municipal Wharf, and downtown Santa Cruz. Convenient access with approximately one mile to Hwy 17 and Hwy 1 (PCH). Additional value may exist through future redevelopment potential, with the possibility to increase height and unit count (buyer to verify). Parcel 1: APN 010-551-29 - 7,797.24 sq. ft. Parcel 2: APN 010-551-30 - 6,011 sq. ft.

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Commercial Active

Price

$ 3,000,000

Property Type

Commercial

Taxes

$ 8,599

Style

Lot Size

0.317

Year Built

1977

Town/City

Santa Cruz

County/Region

Santa Cruz

MLS | Web ID

ML82030413

Days on Market

13

Features
General
Cooling None
Roof Composition
Zoning RM
HOA Fee 0
Year Built 1977
County Santa Cruz
Insurance Expense 15650
Property Type Commercial Sale
MaintenanceExpense 300
Special Listing Conditions Standard
Status Active
Directions Cross Street: Barson
City Santa Cruz
High School District Other
MLS Area 699 - Not Defined
Lot Size Units Square Feet
Lot Size Square Feet 13808
Carport Spaces 0
Tax Annual Amount 8599
Trash Expense 37000
Standard Status Active
Occupancy Type Tenant
Year Built Source Assessor
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Interior
Air Conditioning Y/N true
Total Baths 0
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Exterior
Water Source Public
Total Parking 17
Lot Size Area 13808
Number of Buildings 3
Building Area Total 6047
Lot Size Acres 0.317
Lot Size Source Other
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* Excluded Features
List By
Coldwell Banker Realty

Broker

paul.zech@cbrealty.com

Email

Affordability Calculator

$19,188
Per Month
96%
4%
0%
Monthly Principal & Interest
$18,472
Monthly Property Taxes
$717
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
1/8/2026$3,000,000 Listed Price

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328 Ocean Street, Santa Cruz, CA, 95060 is a Commercial Property for sale at $3,000,000 with 6,047 sqft and a lot size of 0.317. 328 Ocean Street was built in 1977. The property's zip code is 95060 which is in Santa Cruz, CA