Mission Steet Cottages

Mission Street Cottages is a charming collection of cottage-style homes in Santa Cruz that combines classic coastal character with an exceptionally convenient location. Residents enjoy being just minutes from Downtown Santa Cruz, West Cliff Drive, the beaches, the Santa Cruz Beach Boardwalk, the University of California, Santa Cruz, local restaurants, neighborhood cafés, and shopping. The cottages offer a warm, inviting atmosphere with attractive architecture, private outdoor spaces, and a low-maintenance lifestyle, making them appealing to first-time buyers, investors, second-home owners, and those seeking a cozy coastal retreat. With easy access to Highway 1 and the many recreational opportunities Santa Cruz has to offer, Mission Street Cottages provides the perfect blend of comfort, convenience, and quintessential Santa Cruz living.

Mission Steet Cottages

$4,400,000

ML81976660 MLS ⋅ Mission Street Cottages BLDG.

Presenting an exceptional multifamily investment opportunity situated on an expansive one acre lot located at 1112 Mission Street in Santa Cruz, CA. This rare gem features 15 charming cottage-style residential units, including one studio, thirteen one-bedroom and one two-bedroom single-story cottages. The demand for rental housing in Santa Cruz has never been higher, particularly near UC Santa Cruz, which is just over a mile from this property. With a constant influx of students seeking housing, 1112 Mission Street offers a steady stream of potential tenants, ensuring low vacancy rates and consistent rental income. The city's rental market has tightened significantly since the pandemic, with investors witnessing strong rent growth across the board. This trend has been particularly pronounced in areas near the university, where housing options are limited and competition is fierce. The property's location not only attracts students but also appeals to professionals and families, further broadening the pool of potential tenants.

1112 Mission ST, Santa Cruz

Listed by Jimmy Castellanos, 408-483-5040 from Marcus & Millichap
(If provided) CoList: from

Sold listing courtesy of Jimmy Castellanos from M&MKW

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