Address not provided Santa Cruz, CA ^$ 2,900,000

Address not provided

^$ 2,900,000

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Address not provided

Name: address
Address: CA, 95060

Santa Cruz, CA, 95060

^$ 2,900,000

Bedrooms3 Baths-- Sq 5,756

Monthly Estimate*

^$ 20,030

Listed by Mitchell Zurich, Marcus & Millichap, mzurich@marcusmillichap.com

Commercial Property for sale in Santa Cruz, CA

for $2,900,000 with 3 bedrooms. This 5,756 square foot building was built in 1964 on a lot size of 0.321.

$400,000 PRICE REDUCTION! Offered at $2,900,000, 119 Clay Street presents an opportunity to acquire a 10-unit apartment property in Santa Cruz. The property features a desirable unit mix of eight (8) one-bedroom and two (2) two-bedroom apartments, with an in-place 5.88% cap rate and 10.71 GRM. The property offers strong current income with upside potential through future rent growth in Santa Cruz's competitive rental market.

Commercial Contingent

Price

^$ 2,900,000

Bedrooms

Property Type

Commercial

Taxes

^$ 41,821

Style

Lot Size

0.321

Year Built

1964

Town/City

Santa Cruz

County/Region

Santa Cruz

MLS | Web ID

ML82062896

Days on Market

Features

General

Heating Wall Furnace

Cooling None

Roof Composition

Zoning RM

HOA Fee 0

Year Built 1964

County Santa Cruz

Insurance Expense 19419

Property Type Commercial Sale

MaintenanceExpense 5000

Special Listing Conditions Standard

Status Active Under Contract

City Santa Cruz

High School District Other

MLS Area 699 - Not Defined

Lot Size Units Square Feet

Lot Size Square Feet 13983

Carport Spaces 10

Carport Y/N true

Tax Annual Amount 41821

Trash Expense 5857

Standard Status Active Under Contract

Occupancy Type Tenant

Year Built Source Assessor

Interior

Air Conditioning Y/N true

Heating Y/N true

Total Baths 0

Exterior

Total Parking 0

Lot Size Area 13983

Number of Buildings 1

Building Area Total 5756

Lot Size Acres 0.321

Lot Size Source Assessor

* Excluded Features

List By

Mitchell Zurich

Listing Agent

Marcus & Millichap

Broker

mzurich@marcusmillichap.com

Affordability Calculator

$23,515

Per Month

Monthly Principal & Interest: $20,030
Monthly Property Taxes: $3,485
Monthly Home Insurance: --

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Yearly Home Insurance

Default based on a 30-year fixed rate of 7.375% 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

Trends
Schools

Commerical listings in Santa Cruz, CA

Average List Price ^$3,281,214

Percent of Sale Price 13%

About Santa Cruz, CA

63,054 Population

16% Since 2002

^$67,765 Median Income

32.22 Median Age

20% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

4827338 Elementary School

4827337 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
10/28/2026	$2,900,000	-12.12%	Price Down
9/28/2026	$3,300,000		Listed Price

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*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.375% 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.

Listing data provided courtesy of the Internet Data Exchange Program of the California Regional Multiple Listing Service, Inc..

Based on information from California Regional Multiple Listing Service, Inc. as of 11/15/2026. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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Commercial Property for sale in Santa Cruz, CA

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