238 San Lorenzo Boulevard, Santa Cruz, CA 95060

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Sold Price
$2,138,899
List Price
$2,295,000
Closing Date
Apr 08, 2026
Status
CLOSED
MLS#
ML82029569
Year Built
1964
Lot Size
6,708
Acres
0.15
Days on Market
124
Property Type
Commercial

Property Description

NEW PRICE! Assumable Loan at 3.25% for next 2.5 years. High-Quality Investment in a Prime Santa Cruz Location! Ideally situated between the Seabright neighborhood, the Beach Boardwalk, and Downtown Santa Cruz, this property offers an exceptional investment opportunity in one of the areas most desirable rental markets. Featuring five oversized 2-bedroom, 1-bath units, the property boasts excellent rental history with low vacancy, appealing to both long-term tenants and their guests. Each unit offers abundant natural light and functional floor plans, creating a bright and comfortable living environment. Additional highlights include on-site parking for all units, storage units for each unit, and on-site laundry facilities generating additional income. Fantastic location just steps from the Santa Cruz Wharf, world-class surf spots, the Boardwalk, and Downtown amenities.

Additional Information

Taxes
$28,687
Heat
Wall Furnace
Cooling
Yes
Cooling Description
None
Roof
Flat, Tar/Gravel
Water
Public
School District
Other
Attached Structure
Detached
Gross Scheduled Income
$176,053

Listing courtesy of Listing Agent: Scott C. Poncetta (sponcetta@kw.com) from Listing Office: KW Bay Area Estates.

Listing sold by Sylvia So-Yi Wong from

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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.