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$3,000,000

  • For Sale
  • Active
  • Commercial Residential Facility
  • 6,047 Sq. Ft.
  • Updated 3 days ago
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Offered at an attractive 6% cap rate with a proven track record of performance,100% occupied for the past 25 years. This 13-unit apartment property delivers excellent rental history with potential upside through reasonable rent increases. The apartments span two parcels totaling 13,808.52 sq. ft. and include 17 marked parking spaces. Ideally located on a major bus line and just minutes to the Santa Cruz Beach Boardwalk, Municipal Wharf, and downtown Santa Cruz. Convenient access with approximately one mile to Hwy 17 and Hwy 1 (PCH). Additional value may exist through future redevelopment potential, with the possibility to increase height and unit count (buyer to verify). Parcel 1: APN 010-551-29 - 7,797.24 sq. ft. Parcel 2: APN 010-551-30 - 6,011 sq. ft.

Full Property Details for 328 Ocean St

General

  • Price: $3,000,000
  • Status: Active
  • Type: Commercial Residential Facility
  • Source: RE_Infolink
  • MLS ID: ML82030413
  • Updated: 1/14/2026
  • Added to Site: 11 day(s) ago

Additional Information

  • Security/Safety: None

Parking

  • Parking Features: Assigned Spaces, Off-Street Parking, Uncovered Parking

Location

  • Area: East Santa Cruz
  • County: Santa Cruz
  • Complex: Castle Court Apartments
  • Cross Streets: Barson

Heating & Cooling

  • Cooling Type: None

Utilities

  • Sewer: Public Sewer, Sewer Connected
  • Water: Public
  • Utility Description: Public Utilities
  • Metering: Master Electric, Master Gas, Master Water

Structural Information

  • Architectural Style: Ranch
  • Foundation: Concrete Perimeter
  • Roof: Composition
  • Disability Access: Other
  • Square Feet: 6,047
  • Year Built: 1977

Lot Features

  • Minimum Lot Size: 13808
  • Building Sites: 3
  • Zoning: RM

Disclosures and Reports

  • Restrictions: No Age Restrictions
Buyer's Brokerage Compensation: Contact Listing Agent
Not binding unless confirmed by separate agreement among applicable parties.

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— 328 Ocean St —

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Schools serving 328 Ocean St

School District:Santa Cruz City Elementary School District
NameGradesDistance
Gault Elementary School
1320 Seabright Avenue, Santa Cruz, CA 95062
K-50.6 mi
Harbor High School
300 La Fonda Avenue, Santa Cruz, CA 95062
9-121.7 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 328 Ocean St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
1/06/2026
Listed
$3,000,000
233.33%
MLS
3/06/2002
Sold
$900,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 328 Ocean St

Year
Property Taxes
Change
Tax Assessment
Change
2025
$8,530
8%
$657,403
4%
2023
$7,869
1%
$631,876
2%
2022
$7,787
2%
$619,485
2%
2021
$7,638
1%
$607,338
1%
2020
$7,582
2%
$601,111
2%
2019
$7,425
1%
$589,325
2%
2018
$7,347
2%
$577,769
2%
2017
$7,205
5%
$566,441
2%
2016
$6,890
7%
$555,334
2%
2015
$6,466
2%
$546,992
2%
2014
$6,363
—
$536,278
—
2013
$6,386
—
$533,854
—
View All
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 for 328 Ocean St

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*These costs are estimates, and the interest rates assume exceptional credit standing.

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NMLS#: 1598647

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328 Ocean St, Santa Cruz, CA 95060 (MLS# ML82030413) is a Commercial Residential Facility property. 328 Ocean St is currently listed for $3,000,000 and was received on January 06, 2026. This property is listed by Team Zech Properties from our Aptos Office.Want to learn more about 328 Ocean 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.

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