Anchor Apartments of Santa Cruz

Anchor Apartments in Santa Cruz is a small residential rental community located at 321 2nd Street, Santa Cruz, CA 95060. It’s a three-story building with around 12 apartment units, originally built in 1966, offering basic features such as kitchens, dining areas, and balconies in some units.

Situated in the Beach Hill / downtown area, Anchor Apartments enjoys a very walkable location close to local amenities, parks like Neary Lagoon and Lighthouse Field State Beach, and is a short distance from the heart of Santa Cruz. The neighborhood scores highly for bike access and pedestrian friendliness, though public transit options are more limited.

While amenities and modern upgrades can vary by unit, the property represents one of the many older, modest rental options in Santa Cruz’s competitive housing market.

Anchor Apartments of Santa Cruz

$4,175,000

ML81958891 MLS ⋅ Anchor Apartments Of Santa Cruz BLDG.

Property is located in the Economic Opportunity Zone. Prime Investment Opportunity". This 12-unit apartment building has been in the same family for over 40 years. Currently the tenants have month to month leases. Current rents are below market rates with huge upside potential. There are 11 one-bedroom apartments and 1 studio apartment, private patio decks, many with ocean views including one with a roof top deck with views of the entire bay. Exterior has been freshly painted and a new roof installed in 2023. Close to all amenities including walking distance to the Santa Cruz Boardwalk, beach, wharf, and restaurants. Owner willing to carry.

321 2nd ST, Santa Cruz

Listed by John Skillicorn, 831-818-1540 from Coldwell Banker Realty
(If provided) CoList: Sean Poudrier from Coldwell Banker Realty

Sold listing courtesy of Sean Poudrier from S0394

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