$7,250,000
( $456.26Per Sq Foot )
 $38,920 est/mo Sourced by Back At You

1584 Chanticleer Avenue,Santa Cruz, CA 95062

Santa Cruz, CA 95062

Share:

PreviousNext

Description

Rare opportunity to acquire a distinctive 15-unit multifamily community in Santa Cruz's highly desirable Live Oak neighborhood. Situated on approximately 1.41 acres in a quiet private cul-de-sac across from Live Oak Elementary and just 1.5 miles from the beach, this pride-of-ownership property offers a unique townhome-style design with spacious single-story residences. Every unit features a private backyard, while Units 1-14 include an attached one-car garage, private laundry room, and dedicated parking. The property consists of (10) 2BD/1BA units, (4) 1BD/1BA units, and (1) micro 1BD/1BA unit. Recent improvements include a newer roof, dual-pane vinyl windows, and fresh exterior paint. Nearly 30 years of meticulous owner management has resulted in exceptionally low turnover, with several second-generation tenants. Owner pays water, sewer, garbage, and landscaping; tenants pay gas and electricity. Excellent opportunity for investors or owner-operators seeking a stable, well-maintained asset with long-term upside. True 5.0% Cap Rate at the asking price with property taxes adjusted accordingly. Please view vitual tours on MLS. Offering Memorandum available upon request.

Details

MLS #ML82055928
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1977
Days On Site44
Listing Provided ByKW Bay Area Estates | Joel Calvillo

Features

SQ Feet15,890
Building(s)6
ZoningRM-4
Acreage1.42

Interior

CoolingNone
HeatingWall Furnace
Heating Yes / NoYes
Cooling Yes / NoYes

Exterior

RoofComposition

Taxes

Property96970

Area Information

StateCA
CountySanta Cruz
CitySanta Cruz
Zip Code95062
Area699 Not Defined
Listing VS Median (in 95062)
Price:
$7,250,000
low | high
Med:
$2,495,000
100% of Average
sqft:
15,890
low | high
Med:
4,612
100% of Average
$ / sqft:
$456
low | high
Med:
$541
31.432096180877% of Average
On site:
44
low | high
Med:
28
100% of Average
Sourced by Back At You

Market Activity 95062

Request a showing

Request a showing

Contact

Additional Information

Showing Information

Submit Form

Required Field
By submitting, you agree to receive promotional texts and/or calls from Coldwell Banker Home Source at the number provided. Message/data rates may apply. Consent is not a condition of purchase, and you can opt out anytime by replying STOP.
MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the California Regional MLS.

Contact

Learn More About This Property

Coldwell Banker Commercial Real Estate Solutions

Coldwell Banker Commercial Real Estate Solutions

DRE: 01857050 (760) 684-8000info@cbcdesert.com
StateCA
CountySanta Cruz
CitySanta Cruz
Zip Code95062
Area699 Not Defined
Listing VS Median (in 95062)
Price:
$7,250,000
low | high
Med:
$2,495,000
100% of Average
sqft:
15,890
low | high
Med:
4,612
100% of Average
$ / sqft:
$456
low | high
Med:
$541
31.432096180877% of Average
On site:
44
low | high
Med:
28
100% of Average
Sourced by Back At You
Listing Updated: September 10, 2026 at 9:00:49 PM PDT
Real Estate Links Our Domains