311 Cliff St (The Surfside Apartments) is prime beach area multi-family complex in the City of Santa Cruz. It is located on Beach Hill, just above the Santa Cruz Beach Boardwalk, Main Beach, and the Santa Cruz Municipal Wharf. The property has been in the same family for multiple generations and has operated as both a short-term rental and a long-term rental property. The property is a short walk to the beach and all recreation, retail, and dining amenities associated with The Santa Cruz Beach Boardwalk, The Santa Cruz Municipal Wharf, Main Beach, and Beach Street, as well as downtown Santa Cruz and public transportation at the Metro Center. The property is zoned RTA-Beach/ Medium Density Residential.
311 Cliff St (The Surfside Apartments sits on three parcels totaling 16,859 sq. ft. +/-. The property consists of two houses and 10 apartments/cottages. Currently the two houses operate as short-term rentals and the 10 apartments/cottages operate as long-term rentals. Some of the units have ocean views and the property has a beautiful courtyard with lawn, a gazebo, roses, and fruit trees. There are on-site storage and utility rooms and a garage suitable for a car plus bikes or storage. The two houses will be delivered vacant providing the opportunity for rental income, an owner’s residence, or a combination of the two.
This property has been a generational property for the current owners, and it promises to be a legacy property for the next owner as well. It provides an opportunity for a well-located investment asset, and the opportunity for an owner’s vacation home.