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Property Description

Coastal living meets strong investment performance in this exceptional 8-unit property just steps from the beach in a highly sought-after Westside neighborhood. Located half a block from iconic W Cliff Dr, this well-maintained building features 8 one-level, 1BR/1BA, separately metered units. Ground floor units enjoy small outdoor spaces ideal for plants or personal touches, while the upper units capture neighborhood and downtown views. Professionally managed, these units are consistently occupied, offering stable cash flow and long-term investment reliability. With consistent demand in this prime coastal location, it presents both immediate income and upside potential. Upgrades and amenities include a new DuroLast roof in 2021, double pane windows, on-site laundry, bike racks and dedicated off-street parking. A high Walk Score gives residents easy access to the Santa Cruz Wharf, vibrant downtown, and nearby public transit. Just a few blocks away, sandy beaches and world-class surfing at Steamer Lane offers the perfect coastal escape if you choose to keep one unit for yourself. Multi-unit properties like this rarely come to market, making this one a unique opportunity to acquire a prime asset in one of Santa Cruz's most desirable locations. Photos are when units were vacant.

Overview

Property Status
For Sale
MLS ID
ML82040171
Property Type
Multi-Family
Year Built
1965

Features & Amenities

Total Area
5,309 Sq.Ft.
Water Source
Public
Utilities
Natural Gas Available
Pool
None
Roof
Other
Parking
Off Street, Assigned
Heat Type
Wall Furnace
Air Conditioning
Ceiling Fan(s)
Laundry Room
Common Area
Appliances
Refrigerator, Microwave, Oven, Range, Washer, Washer/Dryer, Exhaust Fan, Electric Range
Sewer
Public Sewer
Substructure
Concrete Perimeter
HOA Amenities
Coin Laundry
Elementary School
Bay View Elementary
Middle School
Mission Hill
High School
Santa Cruz High
School District
Santa Cruz City High
Sales Price
$3,200,000
Real Estate Tax
$36,650/yr
Maintenance Fee
$12,000/mo
Zoning
RT

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140 Bay Street

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We would love to help you see this beautiful home! As a full-service brokerage, we can help you tour. Please submit an offer, and answer questions about the buying process.

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for your interest in 140 Bay Street, SANTA CRUZ, CA 95060

140 Bay Street
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