CA
Santa Cruz
SANTA CRUZ
95060
328 Ocean Street, SANTA CRUZ, CA 95060
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Listing Type
Multi Family
Listing Status
Active
11
$2,995,000

Home Details for 328 Ocean Street

Price
$2,995,000
Type
Residential Income
Square feet
3700
Year built
1977
County
Santa Cruz
MLS Listing#
ML82057686
Listed By: Coldwell Banker Realty - 831-688-6461
Listed By: Paul Zech
Property Description

Two Contiguous Parcels 13 TOTAL RENTAL UNITS. This property in this location could really be something more/as in more height 3-4 stories, more units, more income, more value. 328 Ocean St. 13 apartment units, 100% occupied for the last 25 years. Excellent rental income and NOI history. The 13 apartments sit on two parcels favorably Zoned R-M with over 13,808.52 sq. ft; with seventeen parking spaces. Located on major transportation corridor/bus line so, parking is not required if future units are added by going up 3-4 stories. Walk to Santa Cruz Beach Boardwalk, Municipal Wharf and the downtown village of Santa Cruz. One (1) mile to Highway 17 and CA Highway 1 (PCH). These two (2) parcels could be developed to increase height and number of units according to city planning department. 328 Ocean St. parcel one APN 010-551-29 is 7,797.24 sq. ft. Parcel two APN 010-551-30 is 6,011 sq. ft. "Lower Ocean"neighborhood has and is going through a development renaissance, increasing property values.

Property Features
  • Parking
    • No Garage
    • Off Street
    • On Street
  • Cooling Information
    • None
  • Heating Information
    • Electric
  • Water Features
    • Public
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Based on information from the MLSListings MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Copyright 2026 MLSListings Inc. All rights reserved.

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Last Updated: 2026-08-17 16:20:17
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EXIT REALTY CONSULTANTS
16175 Monterey #A, Morgan Hill, CA 95037
CA DRE# 01520140. Kris Klair Broker.
Office
408 778 9990
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