136 Market Street

Outstanding rental property investment opportunity in central Santa Cruz! Well maintained triplex with many recent improvements, highly desirable two-bedroom apartments, and a strong rental history. Ideally located near the rapidly growing downtown area with a Very walkable and Bikers Paradise Offers easy access to restaurants, shops, Whole Foods Market, Highway 1, the pier, Boardwalk, and beaches. Each unit has a private outdoor patio area and rare attached two-car garage that provides ample options for off-street parking, storage, and bonus living space. Below market rents compared to current Zillow rental rates provide an opportunity to improve cash flow and property value by raising rents to market rates upon tenant turnover. Upside potential, lower operating expenses due to improvements, and the potential for long-term value appreciation make this an excellent investment opportunity in a prime Santa Cruz location. Recent improvements include a newer roof, exterior paint job, sewer lateral replacement, water main replacement, newer water heaters, and interior flooring updates. Triplexes in Santa Cruz with this excellent condition, desirability, and long-term stability are rare in Santa Cruz. Don't miss this opportunity!

Days on Market

12 days

Current Status

Active

Original Price

$1,995,000

List Price

$1,995,000

On Market Date

Dec 5, 2025

Property Type

Single Family Home

Area

42 - East Santa Cruz

Zip Code

95062

MLS ID

ML82028897

APN

008-333-23

Year Built

1976

Stories in Building

1

Possession

COE

Data Source

MLSL

Origin MLS System

MLSListings, Inc.

Bed

6

Bath

3

Parking

6

Attached Garage

SQ FT

2,250

SQ FT Source

Unavailable

Lot SQ FT

9,409.0

Lot Acres

0.216001 Acres

Kitchen

Dishwasher, Garbage Disposal, Hood Over Range, Oven Range - Electric, Refrigerator

Cooling

None

Dining Room

Dining Area in Living Room

Disclosures

Lead Base Disclosure, Natural Hazard Disclosure

Family Room

No Family Room

Flooring

Carpet, Laminate, Vinyl / Linoleum

Foundation

Crawl Space

Heating

Electric

Possession

COE

Fee

Unavailable

MLS and other Information regarding properties for sale as shown in Theo have been obtained from various sources such as sellers, public records, agents and other third parties. This information may relate to the condition of the property, permitted or unpermitted uses, zoning, square footage, lot size/acreage or other matters affecting value or desirability. Unless otherwise indicated in writing, neither brokers, agents nor Theo have verified, or will verify, such information. If any such information is important to buyer in determining whether to buy, the price to pay or intended use of the property, buyer is urged to conduct their own investigation with qualified professionals, satisfy themselves with respect to that information, and to rely solely on the results of that investigation.

School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.