- $7.3M Price
- 1.42 Acres
- 27 DOM
1584 Chanticleer Avenue
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 5.0% Cap Rate at the asking price with property taxes adjusted accordingly. Please view vitual tours on MLS. Offering Memorandum available upon request.
Essential Information
- MLS® #ML82055928
- Price$7,250,000
- Bathrooms0.00
- Acres1.42
- Year Built1977
- TypeCommercial Sale
- StatusActive
Community Information
- Address1584 Chanticleer Avenue
- Area699 - Not Defined
- CitySanta Cruz
- CountySanta Cruz
- Zip Code95062
Interior
- HeatingWall Furnace
- CoolingNone
Exterior
- RoofComposition
School Information
- DistrictOther
- ElementaryLive Oak
- MiddleOther
- HighSanta Cruz
Additional Information
- Date ListedJuly 29th, 2026
- Days on Market27
- ZoningRM-4
Listing Details
- AgentJoel Calvillo
- OfficeKW Bay Area Estates
Joel Calvillo, KW Bay Area Estates.
Based on information from California Regional Multiple Listing Service, Inc. as of August 25th, 2026 at 8:35am PDT. 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.