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Bailey Properties
214 S Branciforte AVE, Santa Cruz, CA 95062
- $3,195,000
- 5,285
- SqFt
Listed by Alex Budka, 831-275-5370 from Redwood Property Company
(If provided) CoList: from
Sold listing courtesy of Nerissa Wong-vanharen from S1364
- Sold Price
- $3,195,000
- List Price
- $3,195,000
- Closing Date
- Feb 19, 2026
- MLS#
- ML82021786
- Status
- SOLD
- Sqft. of Residence
- 5,285
- Lot Size
- 10,106
- Listing Area
- East Santa Cruz
- Year Built
- 1974
Property Description
Extensively and tastefully renovated turnkey investment opportunity with upside in rent income and ADU development potential. The property operates at a 5.21% in-place cap rate, with upside of achieving a 7.3% cap rate. Ideally located in the sought-after Seabright neighborhood, the Branciforte Apartments are just a 10-minute walk from Seabright Beach, the Boardwalk, Whole Foods, and the Seabright Retail Corridor. Surrounded by single family homes that can sell for over $2M, the property is tucked away in a very safe, quiet and quaint corner of the neighborhood. This boutique apartment community offers luxurious finishes, in-unit laundry, open floorplans, tandem covered parking with a 2:1 parking space ratio, backyards/balconies in select units and a peaceful outdoor space where tenants can grill, socialize and relax. In addition, the 9 x 10 storage units provide residents with ample space for bikes, surfboards, beach gear, and more. With tenants paying all utilities, ownership is sheltered from skyrocketing utility prices that have jumped as much as 70% in the last 5 years. At the same time, tenants' electricity bills will be significantly, if not entirely, offset by the property's rooftop solar panels. ADU plans ready for building department submittal.
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Additional Information
- Acres
- 0.23
- Age
- 51
- Cooling System
- None
- Foundation
- Concrete Slab
- Garage Parking
- Covered Parking, Tandem Parking
- Heating System
- Wall Furnace
- Living Area
- 5,285
- Lot Size
- 10,106
- Neighborhood
- East Santa Cruz
- Other Utilities
- Individual Electric Meters, Individual Gas Meters, Solar
- Roof
- Flat / Low Pitch
- Sewer
- Sewer - Public
- Unincorporated Yn
- Yes
- Zoning
- Multifamily
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