117-121 Walti St - Apartments FOR SALE


Santa Cruz, CA 95060
$6,000,000 USD
650-391-1777
117-121 Walti St, Santa Cruz, CA for Sale
$6,000,000 USD
Apartments - FOR SALE
1/8
null | 4.56% Cap Rate

117-121 Walti St
Santa Cruz, CA 95060


HIGHLIGHTS

  • Unique Portfolio: A rare offering of four adjacent parcels
  • Versatile Investment Potential: Ideal for investors looking to capitalize on the option to sell parcels individually or hold for long-term rental
  • Unbeatable Location: Walking distance to downtown Santa Cruz, Mission Street’s bustling shopping and dining, and just over a mile from UCSC
  • High Rental Demand (Fast Growing Student Housing Area)

OVERVIEW

DD Request: jcastellanos@marcusmillichap.com Jimmy Castellanos is proud to present a highly unique multifamily portfolio consisting of four adjacent parcels located at 117-121 Walti Street and 231-233 Felix Street in Santa Cruz, CA. This rare offering features 16 charming, one-bedroom, townhome-style units, each thoughtfully designed with private balconies. Built in 1964, these units appeal to both professional and student renters, creating a diverse and steady tenant base. The portfolio’s standout feature is the four separate parcels, each with a fourplex, offering flexibility and a wide range of investment possibilities. Investors have the option to purchase the entire portfolio with the potential to sell each parcel individually for a profit. Located just off Laurel Street, the property is within walking distance to downtown Santa Cruz and the lively Mission Street, known for its restaurants and shops, making it highly desirable for tenants.

FOR SALE DETAILS

PRICE

$6,000,000 USD

PRICE/SF

$416 USD /SF

# OF UNITS

16

PRICE/UNIT

$375,000

CAP RATE

4.56%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Walti Felix Fourplex Portfolio

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1964

PARKING SPACES

14

LAND DETAILS

LAND ACRES

0.36 AC

LAND SF

15,682 SF

ZONING

R-L

APN/PARCEL ID

004-022-08-000,004-022-09-000,004-022-19-000,004-022-20-000

ASK ABOUT THIS PROPERTY

Jimmy CastellanosMarcus & MillichapMore Info
650-391-1777

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Jimmy CastellanosMarcus & MillichapMore Info
650-391-1777

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.