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116 W Cliff DriveSanta Cruz, CA 95060

For Sale

$1,600,000

Smart Buyer Rebate $16,000

Location, location, location! Santa Cruz classic located on iconic West Cliff Dr, this four-unit property has tremendous income potential at full occupancy and is available for the first time in decades. With three units in the main structure and a detached unit with very low vacancy rates, the income stream on this investment property is reliably high. Vintage charm mixed with modern upgrades in some of the units leaves room for value-add potential and provides comfortable housing for those seeking coastal living. One short block from the Boardwalk, the Wharf, Main Beach, Depot Park, and The Dream Inn, and conveniently close to many area shops, restaurants, and amenities. Agents, please see private remarks.

Listed by Eli Karon

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License #01732369

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Karon Properties

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310-701-4779

Listed by Nicole Karon

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License #02189645

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Karon Properties

Last updated December 09, 2025

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Source: MLSListings #ML82028659

Listing Facts

  • TypeMulti-family
  • NeighborhoodSanta Cruz Beach Boardwalk
  • Days on Prevu1
  • Taxes$1,063/year
  • Size2,151 sqft
  • Price per sqft$744

Amenities

  • Pets Allowed
  • Parking

Location

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Listing History

12/09/2025
Listed by Karon Properties
$1,600,000

Property Details for 116 W Cliff Drive

Exterior

Construction

  • Number Of Units Total: 4
  • Roof: Composition, Shingle
  • Year Built: 1900
  • Year Built Details: 2

Features

  • View: Ocean

Measurements

  • Building Area Total: 2,151
  • Lot Size Acres: 0.11
  • Lot Size Area: 5,009
  • Lot Size Source: Assessor
  • Lot Size Square Feet: 5,009
  • Lot Size Units: Square Feet

Financial

Residential Income

  • Cap Rate: 6.54
  • Gross Income: $120,840.00
  • Operating Expense Includes: Gardener, Vacancy Allowance

Taxes

  • Parcel Number: 004-311-06-000
  • Tax Annual Amount: $1,063.00

Interior

Features

  • Appliances: Oven Range, Refrigerator
  • Flooring: Carpet, Laminate, Tile, Vinyl/Linoleum

Measurements

  • Living Area: 2,151

Parking

Parking

  • Carport: Yes
  • Parking Features: No Garage, Off-Street Parking, Parking Area
  • Parking Total: 4

Schools

High School

  • High School District: Santa Cruz City High

Utilities

Equipment

  • Heating: Floor Furnace, Gas, Wall Furnace
  • Sewer: Public Sewer
  • Utilities: Public Utilities, Water - Public
  • Water Source: Public

Frequently Asked Questions

How many bedrooms does this multi-family home have?

There is bedrooms in this multi-family home at 116 W Cliff Drive.

Does this multi-family home have parking?

Yes, there are 4 parking spaces available for 116 W Cliff Drive.

What are the annual taxes for 116 W Cliff Drive?

Annual taxes for this multi-family home are estimated at $1,063.

How does 116 W Cliff Drive compare to other multi-family homes in Santa Cruz?

This multi-family home is listed 56% below the average price for multi-family homes in Santa Cruz and has been on the market for 64 less days than the typical home in this area.

What is the square footage on this multi-family home?

According to the MLS, this listing is 2,151 sqft.

116 W Cliff Drive is a -bedroom multi-family home for sale in Santa Cruz CA 95060. Listed on Prevu for 1 days at $1,600,000. This home features 2,151 square feet of living space, located in Santa Cruz. The median listing price for multi-family homes in this area is $1,552,500. The home offers pets allowed and parking. View other multi-family home listings in Santa Cruz.

Based on information from MLSListings™️ and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by Prevu or the MLS. Information is provided exclusively for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing.

Full MLS Disclaimers

Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.