520 Chestnut Street

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.