NEW 16 HRS AGO

For sale

$1,799,999

Est. $12,426/mo —

—

•

— ba

•

4,192

sq ft

520 Chestnut St, Santa Cruz, CA 95060

About this home

Exceptionally well-maintained 5-unit multi-family property perfectly positioned in the vibrant heart of Santa Cruz. This clean, turnkey asset combines steady historical performance with a rare value-add opportunity, making it a standout acquisition. Significant Upside Potential. Currently low, below-market rents that provide a clear runway for an astute investor to boost cash flow. Offered at under $360k per door, this property represents a remarkably cost-effective entry into the highly competitive Santa Cruz Market. Historically low vacancy, anchored by perennially high tenant demand in the local rental market. Situated just blocks from vibrant Downtown Santa Cruz, residents enjoy effortless access to trendy local eateries, boutique shopping, coffee shops, and local entertainment. An ideal spot for students, with seamless transit options and routes heading directly to the UCSC campus. A short drive or bike ride to the world-famous Santa Cruz Beach Boardwalk, the wharf, and iconic local surf spots. Exceptional positioning close to major regional transit arteries, including Highway 1 and Highway 17, ensuring effortless travel over the hill or down the coast.

Multi-familyProperty Type

1960Year Built

5,053 sq ftLot Size

$429Price/Sq.Ft.

Listed by Shawki Farhat •DRE #02225210 • Raeid Farhat Real Estate Inc

Listing updated: Oct 5, 2026 at 03:23pm

Redfin checked: 3 minutes ago

•Source:bridgeMLS, Bay East AOR, or Contra Costa AOR #ML82063618

Payment calculator

$12,426 per month

Principal and interest$10,192

Property taxes

$1,889

HOA dues

Home insurance

$345

Utilities

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Around this home

Schools

K - 12
Preschool & daycare

Westlake Elementary School

Public K-5 • Assigned • 1.1mi

9/10

Mission Hill Middle School

Public 6-8 • Assigned • 0.3mi

9/10

Santa Cruz High School

Public 9-12 • Assigned • 0.2mi

10/10

Provided by GreatSchools

About Downtown Santa

Cruz

Downtown Santa Cruz, located between the San Lorenzo River and West Cliff Drive, is a walkable and historic Santa Cruz neighborhood with a Pacific-facing street grid and a classic courthouse core. Pacific Avenue concentrates the neighborhood’s character, where bookstores, record shops, galleries, and espresso bars line the blocks under a steady flow of foot traffic. The Del Mar Theatre marquee and the Santa Cruz Museum of Art & History anchor the cultural calendar. The Santa Cruz Wharf frames the salt-air edge of town, while the San Lorenzo Riverwalk adds a calmer ribbon of green. Architecture mixes early-20th-century storefronts with civic landmarks and newer infill. Farmers’ Market days at Abbott Square turn the plaza into a communal dining room.

Provided by Walk Score and Local Logic

Property details

Interior
Exterior
Finance

Interior features
Has heating

Bedrooms
One unit with 1 bedroom
One unit with 2 bedrooms

Heating & cooling
Wall furnace heating

Sale and tax history for 520 Chestnut St

Sale History
Tax History

Date

Event

Price

bridgeMLS, Bay East AOR, or Contra Costa AOR #ML82063618

Oct 5, 2026

Listed

$1,799,999

$429/sq ft

bridgeMLS, Bay East AOR, or Contra Costa AOR #ML81927882

Sep 22, 2023

Sold

$1,700,000

$406/sq ft

May 11, 2023

Listed

$1,750,000

$417/sq ft

Fantastic Location in Town ... Family owned for decades ... Professionally managed ... Solid occupancy ... All units have front and rear entry/exit doors ... All units have individual H20 heaters ... Owner/manager unit has private Laundry room with exit to patio area. Some units have newer furnace's ... Some have newer built in cook tops ... Great opportunity for investor on this property ... Close to freeways/highways, downtown ...

Public record

Public record
Zoning
Permits

Beds

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Baths

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Stories

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Lot width

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Lot depth

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Lot size

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Year renovated

—

Finished Sq. Ft.

—

Unfinished Sq. Ft.

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Total Sq. Ft.

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Year built

—

Style

Multi-Family (5+ Unit)

County

Santa Cruz County

APN

005-071-21-000

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

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Features

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Last updated by owner on Oct 5, 2026.

FP-O

Multiple Residence – Low-Density District

To promote the development of multifamily townhouses, condominiums and apartments at a low to medium density of 10.1 to 27 units per acre, depending on unit mix; to stabilize and protect the residential characteristics of the district and to promote and encourage a suitable environment for the lives of families and single persons. This section of the Zoning Ordinance is also part of the Local Coastal Implementation Plan.

Zone overlays

Floodplain Overlay District

Permitted uses

Include but are not limited to:

Garden center
Day care facility
Housing-Group
Housing-Single unit
Housing-Multiple units
Housing-Other

Climate risks

1/10 Flood Factor

Minimal risk of a flood reaching the building in the next 30 years

1/10 Fire Factor

Unlikely to be in a wildfire in next 30 years

3/10 Heat Factor

7 days above 81° expected this year, 14 days in 30 years

1/10 Wind Factor

Minimal risk of severe winds over next 30 years

7/10 Air Factor

13 unhealthy days expected this year, 14 days in 30 years

Provided by First Street

Historical weather

Santa Cruz, CA • 95060

Average low and high temperatures (°F)

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Sun exposure

In this area, properties receive around 10.8 hours in June and 4.9 hours in December, placing it above the U.S. average for solar exposure.

10.8 hrs

4.9 hrs

JuneDecember

Provided by Shadowmap

Redfin Estimate for 520 Chestnut St

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520 Chestnut St, Santa Cruz, CA 95060

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Details provided by bridgeMLS, Bay East AOR, or Contra Costa AOR and may not match the public record. Learn more.

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GreatSchools Ratings provided by GreatSchools.org.

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About this home

Payment calculator

Affordability tools

See this home in person

Nearby open houses (10)

Around this home

Schools

Property details

Sale and tax history for 520 Chestnut St

Public record

Climate risks

Historical weather

Sun exposure

Redfin Estimate for 520 Chestnut St

Early Access listings

Nearby similar homes

New listings for sale in 95060

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