$2,295,000

238 San Lorenzo Boulevard, Santa Cruz CA, 95060

Price per sqft$525.41

Built in1964

Property size4,368 sqft

Property typeCommercial

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Overview

Under contract

Active Under Contract

Listed Dec 16, 2025

Updated Apr 10

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

MLS^® ID: ML82029569

Interior Features

Bathrooms: 0

Exterior Features

Lot Size: 0.15 Acres

Other Property Details

Taxes: $28,687
Tax Frequency: Annually
Maintenance Expense: $5,000

Broker Reciprocity Courtesy of KW Bay Area Estates, Scott C. Poncetta

Website E2E - Playwright - Full Name

- Phone Number

[email protected] - Email

Jim Halpert - Brokerage Name

76321 - MLS License Number

Data last updated 6:28 AM UTC, 4/10/2026

Based on information from California Regional Multiple Listing Service, Inc. as of 4/10/2026. 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.