REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 7,250,000
Est. payment /mo
Active
1584 Chanticleer AVE Santa Cruz, CA 95062
4 Beds
3 Baths
15,890 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Five or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 15,890 sqft
Price per Sqft $456
Lot Size 1.415 Acres
MLS Listing ID ML82055928
Bedrooms 4
Full Baths 3
Property 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 5.62% Cap Rate at the asking price with property taxes adjusted accordingly. Please view vitual tours on MLS. Offering Memorandum available upon request.
Location
State CA
County Santa Cruz
Area Live Oak
Building/Comlex Name Chanticleer Commons
Zoning RM-4
Interior
Heating Wall Furnace
Cooling None
1-purchase type For Sale
Exterior
Garage Attached Garage, Off-Street Parking
Garage Spaces 1
Community Features None
Utilities Available Individual Electric Meters, Individual Gas Meters
Roof Type Composition
Building
Foundation Concrete Perimeter and Slab
Sewer Sewer - Public
Water Public
Others
Restrictions None
Tax ID 029-144-07-000
Security Features None
Special Sale Not Applicable
© 2026 MLSListings Inc. All rights reserved.-test9
Listed by Joel Calvillo of KW Bay Area Estates
Bought with Joel Calvillo of KW Bay Area Estates
Bought with Joel Calvillo of KW Bay Area Estates
