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Berkshire Hathaway HomeServices California Properties

1584 Chanticleer Avenue, Santa Cruz, CA 95062

$7,250,000 Approx. USD

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Berkshire Hathaway HomeServices California Properties 11828 Rancho Bernardo Rd, Ste 210
San Diego, CA 92128 888-995-7575

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Listing Agent

Joel Calvillo | joel@thecalvillogroup.com
Lic#: 01733780
Broker: Courtesy of KW Bay Area Estates
Phone: 408-892-9158

Listing Details

Property type: (Commercial)

Property Sub-Type:

Status: Active

Listing ID: ML82055928

Price: $7,250,000

Rental Rate: $7,250,000

Lot Size:

HOA Fee is $0.00

Built in 1977

1.42 acres

County: Santa Cruz

Zoning: RM-4

Heating/cooling: None

Heating description: Wall Furnace

Last Updated: 7/30/2026

Days On Market (DOM): 5

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Lat/Long: 36.974264, -121.980158.
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Easement Present: (Easement present. For more information, contact agent.)

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Property Details

Rare opportunity to acquire a distinctive 15-unit multifamily community in Santa Cruz's highly desirable Live Oak neighborhood. Situated on approximately 1.41 acres in a quiet private cul-de-sac across from Live Oak Elementary and just 1.5 miles from the beach, this pride-of-ownership property offers a unique townhome-style design with spacious single-story residences. Every unit features a private backyard, while Units 1-14 include an attached one-car garage, private laundry room, and dedicated parking. The property consists of (10) 2BD/1BA units, (4) 1BD/1BA units, and (1) micro 1BD/1BA unit. Recent improvements include a newer roof, dual-pane vinyl windows, and fresh exterior paint. Nearly 30 years of meticulous owner management has resulted in exceptionally low turnover, with several second-generation tenants. Owner pays water, sewer, garbage, and landscaping; tenants pay gas and electricity. Excellent opportunity for investors or owner-operators seeking a stable, well-maintained asset with long-term upside. True 5.0% Cap Rate at the asking price with property taxes adjusted accordingly. Please view vitual tours on MLS. Offering Memorandum available upon request.

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DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or its applicability to your financial situation. Please consult your financial and/or tax advisor. GET PRE-APPROVED The loan's interest rate will depend upon the specific characteristics of the loan transaction and credit profile up to the time of closing.

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