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Santa Cruz, CA 95060

$2,900,000
5,756
SqFt
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List Price
$2,900,000
Status
PENDING
MLS#
ML82062896
Price Change
▼ $400,000 1793234724
Closing Date
Dec 31, 2026
Year Built
1964
Property Type
Other
Living Area
5,756
Lot Size
13,983
Acres
0.32
County
Santa Cruz
Subdivision
Ca
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Property Description

$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.

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Listing courtesy of Mitchell Zurich from Marcus & Millichap. 408-888-9594

Bay East © 2026. CCAR © 2026. BridgeMLS © 2026. Information Deemed Reliable But Not Guaranteed. This information is being provided by the Bay East MLS, or CCAR MLS, or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website. This information is intended for the personal use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated on: