136 Market Street, Santa Cruz, CA 95062 (MLS # ML82028897)

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PRICE $1,995,000 dsIDX morgage calculator
BEDS 6
BATHS 2
HOME SIZE 2,250 sqft
LOT SIZE 9,409 sqft

Outstanding rental property investment opportunity in central Santa Cruz! Well maintained triplex with many recent improvements, highly desirable two-bedroom apartments, and a strong rental history. Ideally located near the rapidly growing downtown area with a Very walkable and Bikers Paradise Offers easy access to restaurants, shops, Whole Foods Market, Highway 1, the pier, Boardwalk, and beaches. Each unit has a private outdoor patio area and rare attached two-car garage that provides ample options for off-street parking, storage, and bonus living space. Below market rents compared to current Zillow rental rates provide an opportunity to improve cash flow and property value by raising rents to market rates upon tenant turnover. Upside potential, lower operating expenses due to improvements, and the potential for long-term value appreciation make this an excellent investment opportunity in a prime Santa Cruz location. Recent improvements include a newer roof, exterior paint job, sewer lateral replacement, water main replacement, newer water heaters, and interior flooring updates. Triplexes in Santa Cruz with this excellent condition, desirability, and long-term stability are rare in Santa Cruz. Don't miss this opportunity!

DAYS ON MARKET 1 LAST UPDATED 12/5/2025
YEAR BUILT 1976 COMMUNITY 699 - Not Defined
GARAGE SPACES 6.0 COUNTY Santa Cruz
STATUS Active PROPERTY TYPE(S) Single Family

SCHOOLS
Elementary School Other
Jr. High School Other
High School Santa Cruz


ADDITIONAL DETAILS
AIR None
AIR CONDITIONING Yes
APPLIANCES Dishwasher, Disposal, Range Hood, Refrigerator
AREA 699 - Not Defined
GARAGE Attached Garage, Yes
HEAT Electric
LOT 9409 sq ft
LOT DIMENSIONS 9409
PARKING Attached
SEWER Public Sewer
STORIES 1
WATER Public
MORTGAGE CALCULATOR
   

TOTAL MONTHLY PAYMENT

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Listed with Miritz & Bailey Real Estate, Inc

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