136 Market Street

Property Overview
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!
Home Details
- Property type
- ResidentialIncome - Triplex
- Year built
- 1976
- Living area
- 2,250 sq ft
- Lot size
- 9,409 sq ft
- Parking
- 6 spaces
- Garage
- 6 spaces
- Stories
- 1.0
- Days on market
- 54
- MLS status
- Active
- Zoning
- R-1-5
Features & Amenities
Appliances
- Dishwasher
- Disposal
- Refrigerator
- Range Hood
Community, Schools & Utilities
Schools
- Elementary school
- Other
- Middle school
- Other
- High school
- Santa Cruz
Utilities
- Heating
- Electric
- Cooling
- None
- Water
- Public
- Sewer
- PublicSewer
Location & Neighborhood
Location data not available
Frequently Asked Questions
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“Reza was the best agent we have ever worked with.”— Russell & Susan McQueen
Listing Agent

