Date
Details
Price
Change
Source
2/26/2026
Listed
$1,999,999
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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Property Description
7+ CAP Investment Opportunity! CAP rate above 7 is uncommon for multi-unit properties in Santa Cruz. Fully leased five-unit income property in prime Santa Cruz location. Property consists of a 2-bedroom main home, two detached studios (including a Jr. ADU), and two detached 2-bedroom/1-bath ADUs. All units are currently occupied, providing stable in-place rental income. Conveniently located near Highway 1, Santa Cruz Beach Boardwalk, UCSC, downtown Santa Cruz, and restaurants. Great opportunity for investors seeking a multi-unit investment property in an ideal location.
Full Property Details
Full Property Details for 114 Franklin St
General
- Price: $1,999,999
- Status: Active
- Type: Commercial Residential Facility
- Source: RE_Infolink
- MLS ID: ML82036301
- Updated: 2/26/2026
- Added to Site: 36 day(s) ago
Additional Information
- Security/Safety: None
Parking
- Parking Features: Assigned Spaces
Location
- Area: East Santa Cruz
- County: Santa Cruz
Heating & Cooling
- Cooling Type: None
Utilities
- Sewer: Cesspool, Public Sewer
- Water: Individual Water Meter, Public
- Utility Description: Public Utilities
- Metering: Separate Electric, Separate Gas
Structural Information
- Foundation: Post and Pier, Sealed Crawlspace
- Roof: Aluminum over Tar, Composition
- Disability Access: None
- Square Feet: 2,685
- Year Built: 1980
Unit Information
Unit 1
- Square Feet: 715
- Bedrooms: 2
Unit 2
- Square Feet: 318
- Bedrooms: 1
Unit 3
- Square Feet: 272
- Bedrooms: 1
Unit 4
- Square Feet: 700
- Bedrooms: 2
Lot Features
- Minimum Lot Size: 6186
- Building Sites: 3
Disclosures and Reports
- Restrictions: None
Listed by Raeid Farhat Real Estate Inc, Shawki Farhat
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Listing agent
— 114 Franklin St —
Shawki Farhat
Raeid Farhat Real Estate Inc
NMLS#: 1598647Get Pre-Approved Today
Schools
Schools serving 114 Franklin St
School District:Santa Cruz City Elementary School District
| Name | Grades | Distance |
|---|---|---|
De Laveaga Elementary School 1145 Morrissey Boulevard, Santa Cruz, CA 95065 | K-5 | 1.6 mi |
Harbor High School 300 La Fonda Avenue, Santa Cruz, CA 95062 | 9-12 | 1.8 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 114 Franklin St
Tax History
Tax History for 114 Franklin St
Year
Property Taxes
Change
Tax Assessment
Change
2025
$10,978
7%
$902,026
2%
2024
$10,229
1%
$884,340
2%
2023
$10,108
1%
$867,000
2%
2022
$9,996
9%
$850,000
9%
2021
$9,174
1%
$777,239
1%
2020
$9,104
2%
$769,270
2%
2019
$8,908
1%
$754,186
2%
2018
$8,809
6%
$739,398
1%
2017
$8,349
—
$734,205
2%
2016
$8,326
23%
$719,808
21%
2015
$6,777
10%
$592,718
11%
2014
$6,154
16%
$533,980
17%
2013
$5,283
—
$456,393
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 114 Franklin St
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- Commercial Residential Facility
- Active
- Updated 6 days ago
- 2,244Sq. Ft.
- 0.073Acres
Listed by Intero Real Estate Services, Suzanne Teixeira
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- Multi-Family
- Active
- Updated 5 days ago
- 14Total Beds
Listing provided by Keller Williams Beverly Hills, Missy Echeverria
- Single Family
- Active
- Updated 2 days ago
- 3Beds
- 2Total Baths
- 1,850Sq. Ft.
Listed by Bailey Properties, Paul Bailey
- Condo
- Active
- Updated 3 days ago
- 2Beds
- 3Total Baths
- 1,180Sq. Ft.
Listed by Desantis Realty Group (831) 469-8000
- Single Family
- Active
- Updated 2 days ago
- 5Beds
- 3Total Baths
- 2,785Sq. Ft.
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- Manufactured Home
- Active
- Updated 2 days ago
- 2Beds
- 2Total Baths
- 820Sq. Ft.
Listed by Jason Potts, Broker, Jason Potts
- Single Family
- Active
- Updated 1 day ago
- 5Beds
- 3Total Baths
- 1,926Sq. Ft.
Listed by Allen Property Group, Inc., Jerid K. Kiedrowski
- Manufactured Home
- Active
- Updated 3 days ago
- 1Bed
- 1Total Bath
- 470Sq. Ft.
Listed by Compass, Andrea Kisling
- Duplex
- Active
- Updated 1 day ago
- 1,926Sq. Ft.
Listed by Allen Property Group, Inc., Jerid K. Kiedrowski
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- Single Family
- Closed
- 2Beds
- 2Total Baths
- 2,535Sq. Ft.
Listed by Amy Jeske (CalRE#: 01476829)
Sold by Expca, Ashley Sidey
Sold by Expca, Ashley Sidey
- Single Family
- Closed
- 4Beds
- 3Total Baths
- 1,794Sq. Ft.
Listed by Christie's International Real Estate Sereno, Brezsny Associates
Sold by Cccold02, Alex Villasenor
Sold by Cccold02, Alex Villasenor
- Condo
- Closed
- 2Beds
- 2Total Baths
- 1,923Sq. Ft.
Listed by California Real Estate, Aldo Penniman and California Real Estate, Kelly Potter
Sold by 01Tfgp, Wendy Bohannon
Sold by 01Tfgp, Wendy Bohannon
- Single Family
- Closed
- 3Beds
- 4Total Baths
- 2,425Sq. Ft.
Listed by Intero Real Estate Services, Neva Mills
Sold by S0659, Christy Whiting Wohlert
Sold by S0659, Christy Whiting Wohlert
114 Franklin St, Santa Cruz, CA 95060 (MLS# ML82036301) is a Commercial Residential Facility property. 114 Franklin St is currently listed for $1,999,999 and was received on February 26, 2026. Want to learn more about 114 Franklin St? Do you have questions about finding other Commercial Residential Facility real estate for sale in Santa Cruz? You can browse all Santa Cruz real estate or contact a Coldwell Banker agent to request more information.