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Annette Mullen, DRE#00935034, REALTOR®
(805) 440-6620
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114 Franklin Street , Santa Cruz, CA 95060

$1,999,999
SAVE TOUR PROPERTY
  • 114 Franklin Street , Santa Cruz, CA 95060 Main Photo

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Active
MLS#ML82036301
STATUSActive PROPERTY TYPECommercial - Business SCHOOLOther
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Listing Courtesy of: Raeid Farhat Real Estate Inc
Agency Phone: 831-840-3902
Associate Name: Shawki Farhat
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Listing Shown by: Farrell Smyth, Inc.
Associate Name: Annette Mullen, DRE#00935034, REALTOR®


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Property Description

7+ CAP Investment Opportunity! CAP rate above 7 is uncommon for multi-unit properties in Santa Cruz. Fully leased five-unit income property in prime Santa Cruz location. Property consists of a 2-bedroom main home, two detached studios (including a Jr. ADU), and two detached 2-bedroom/1-bath ADUs. All units are currently occupied, providing stable in-place rental income. Conveniently located near Highway 1, Santa Cruz Beach Boardwalk, UCSC, downtown Santa Cruz, and restaurants. Great opportunity for investors seeking a multi-unit investment property in an ideal location.

114 Franklin Street | MLS# ML82036301

This commercial property located at 114 Franklin Street , Santa Cruz, CA 95060 is currently listed for sale with an asking price of $1,999,999. Franklin Street is located within the Other school district. Search Santa Cruz real estate on annettemullen.farrellsmyth.com today.

Property Features

Property Type: Commercial - Business
Cooling: None
Heating: Electric
Lot Size: 0.14 Acres
Roof Type: Composition
Taxes: $25,000
Year Built: 1980

Feature Descriptions

Days on Site: 7
Parcel#: 00823118000
Water: Public

Local Schools

School District: Other

Listed By / Shown By

Listed By

Agency Name: Raeid Farhat Real Estate Inc
Agency Phone: 831-840-3902
Agent Name: Shawki Farhat

agent picture

Shown By

Agent Name: Annette Mullen, DRE#00935034, REALTOR®
Agent Phone: (805) 440-6620
Agency Title: Farrell Smyth, Inc.

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Annette Mullen, DRE#00935034, REALTOR®
Annette Mullen, DRE#00935034, REALTOR® Office: (805) 543-2172 Cell: (805) 440-6620 Email Me
Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 03/05/2026. The listing information on this page last changed on 03/05/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Thu 03/05/2026 12:07:19 AM EST) or CRMLS (last updated Thu 03/05/2026 12:02:21 AM EST). Real estate listings held by brokerage firms other than Farrell Smyth, Inc. may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.
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