Listed 220 days ago · February 25, 2026 | MLS# ML82036301
$744/sqft -17% vs Santa Cruz avg
What this means: Priced below the Santa Cruz per-sqft average. Compare to recent sales below for context.
Est. $12,723/moP&I $10,378 · Tax $2,083 · Insurance $262 · HOA $0Assumes 20% down ($400,000) at 6.75% · Contact Timothy for a lender referralAegis Luxury Real Estate is a licensed California real estate brokerage (DRE# 01328224) and is not a mortgage lender, mortgage broker, or loan originator. The figures shown are estimates for general reference only and do not constitute a loan offer, pre-approval, pre-qualification, or commitment to lend. Estimates use the applicable county average property tax rate of 1.25% of home price annually. Actual rates, payments, taxes, and insurance vary by lender and borrower qualifications. Contact Timothy for a referral to one of our preferred lending partners.
Active listing in Santa Cruz, Santa Cruz County. Convenient access to schools, parks, and Bay Area employment centers.
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0 Bed / 0 Bath / 2,685 sqft on 6,186 sqft Lot
Spec sheet at a glance. See full details below for interior, exterior, and lot features.
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Listed at $2.0M vs City Average $1.7M
$744/sqft compared to Santa Cruz avg $901/sqft (-17.3%).
Best fit forActive BuyersSanta Cruz SearchersMove-Up / Move-In
About This Home
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.
MLS ID #ML82036301, Shawki Farhat. Listing provided by Raeid Farhat Real Estate Inc · MLSListings Inc.
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Property Details
Property Type
FiveOrMoreUnits
Year Built
1980
Bedrooms
0
Bathrooms
0 Full
Living Area
2,685 sqft
Lot Size
6,186 sqft
Garage
N/A
Price/sqft
$744
County
SantaCruz
MLS Number
ML82036301
Status
Active
Stories
N/A
HOA
None
Interior Features
Electric
Exterior & Lot
Composition, AluminumOverTar Roof0.14 Acres
Location
This HomeActive ListingNew (3 days or less)Price ReducedOpen HouseSold
114 Franklin ST, Santa Cruz, CA 95060 · SantaCruz County
Market Context
Price Positioning
$Price context: Listed at $744/sqft vs Santa Cruz avg $901/sqft (17.3% below).
$Sale-to-list: Santa Cruz homes selling at 98.8% of asking.
⏲Velocity: City avg 40 days. This home: 220 days.
🏠Inventory:0 0-bedroom homes currently available in Santa Cruz.
Source: MLSListings Inc. Timothy Alston, Broker, DRE# 01328224.
Want to know what this home will actually sell for? Get a data-backed offer range based on recent comparable sales.
Santa Cruz, California (95060) continues to attract significant buyer interest. 114 Franklin ST, a 0-bedroom home with 2,685 square feet of living space, is listed for $1,999,999. The surrounding market reflects strong demand for properties in this price segment.
0-Bedroom Homes for Sale in Santa Cruz 95060
Browse 0-bedroom home listings in Santa Cruz. Properties in 95060 are currently averaging $901 per square foot with 40 days on market.
What to Expect When Buying in Santa Cruz
The Santa Cruz market features a mix of home properties ranging from starter homes to luxury estates. Current inventory levels suggest moderate conditions for buyers in this area.
Listed at $1,999,999 ($744/sqft). Santa Cruz avg is $901/sqft, placing this 17.3% below. Comparable recent sales help frame the value.
Listed 220 days (as of February 25, 2026). Santa Cruz average is 40 days.
Est. $12,723/mo with 20% down ($400,000) at 6.75%. Includes principal & interest ($10,378), property tax ($2,083), and insurance ($262). HOA: None. Aegis Luxury Real Estate is a licensed California real estate brokerage (DRE# 01328224) and is not a mortgage lender, mortgage broker, or loan originator. The figures shown are estimates for general reference only and do not constitute a loan offer, pre-approval, pre-qualification, or commitment to lend. Estimates use the applicable county average property tax rate of 1.25% of home price annually. Actual rates, payments, taxes, and insurance vary by lender and borrower qualifications. Contact Timothy for a referral to one of our preferred lending partners.
There are 174 active listings in Santa Cruz (0 are 0-bedroom). At $1,999,999 this is positioned against the city average of $1,652,640. Similar homes have sold at 98.8% of asking.
0-bedroom homes in Santa Cruz (95060) are currently averaging $901 per square foot. Market activity shows homes spending an average of 40 days on market in this area.
114 Franklin ST in Santa Cruz is currently listed at $1,999,999. This 0-bedroom, 0-bathroom home is located in the Santa Cruz area.
The data relating to real estate for sale on this display comes in part from the Internet Data Exchange program of the MLSListings™ MLS system. Real estate listings held by brokerage firms other than Aegis Luxury Real Estate are marked with the Internet Data Exchange icon (a stylized house) and detailed information about them includes the names of the listing brokers and listing agents.
Based on information from the MLSListings MLS as of Oct 3, 2026 9:30 PM PT. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
These statistics are generated using information from the MLSListings Inc. multiple listing service, but have not been verified and are not guaranteed. MLSListings Inc. disclaims any responsibility for the accuracy and reliability of these statistics. This information should not be relied upon for real estate transaction decisions.
Data updated every 15 minutes. Visit www.MLSListings.com for more information.
Information provided is for general informational purposes only. Equal Housing Opportunity. If you are currently working with a real estate agent, this is not intended as a solicitation.
Timothy Alston, Broker, DRE# 01328224, Aegis Luxury Real Estate, 10080 N. Wolfe Rd Ste SW3-200, Cupertino CA 95014. (408) 207-4593.
Last updated: Oct 3, 2026 9:30 PM PT | Source: MLSListings Inc.
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