For Sale: $3,195,000
Current CAP Rate 5.21% | Proforma CAP Rate 7.30%
Pre-Approved 3/2.0 ADU
Showing Schedule:
Friday, September 12th @ 10:00 AM - 1:00 PM
Friday, September 19th @ 10:00 AM - 1:00 PM
Investment Overview
Ideally located in the sought-after Seabright neighborhood, the Branciforte Apartments are just a 10-minute walk from Seabright Beach, the Boardwalk, Whole Foods, and the Seabright Retail Corridor. Surrounded by single family homes that can sell for over $2M, the property is tucked away in a very safe, quiet corner of the neighborhood.
This boutique apartment community offers luxury finishes, in-unit laundry, covered parking, and a peaceful outdoor space where tenants can grill, socialize and relax. In addition, the 9’ x 10’ storage units provide residents with ample space for bikes, surfboards, beach gear, and more—perfectly suited to this lifestyle-oriented tenant base.
With tenants paying all utilities, ownership is sheltered from skyrocketing utility prices that have jumped as much as 70% in the last 5 years. At the same time, tenants’ electricity bills will be significantly, if not entirely, offset by the property’s rooftop solar panels.
Unit 1
Unit 3
Unit 2
Unit 4
Exterior and Aerial Photos
Property Highlights
Fully Renovated as of 2025
Sub-Metered for Water, Trash and Electricity
All Units Feature In-Unit Laundry
Desirable Unit Mix:
(1) Large 2 Bed/1 Bath Townhome Unit
(2) Large 2 Bed/1 Bath Flats
(2) Standard 2 Bed/1 Bath Flats
Central Location
Three Blocks to Wholefoods
½ Mile to the Beach
½ Mile to the Boardwalk
Walking distance to downtown and the proposed Santa Cruz Rail/ Rail Trail Corridor
Principal, Broker
Joe Budka
D: 831-275-5322
E: joe@redwoodpropertyco.com
DRE#01913402; DRE#02166543
Managing Director
Nick Oliver
D: 831-275-5320
E: nick@redwoodpropertyco.com
DRE#02133612
Principal
Alex Budka
D: 831-275-5321
E: alex@redwoodpropertyco.com
DRE#01913403
