
Sunshine Village Apartments
16 Townhome Units | 1.76 Acres | Santa Cruz, CA | Built 1998
Marketing description
16 Spacious Townhomes. Expansive 1.76 Acre Rectangular Lot. Built in 1998. 1.5 Miles from the Beach. The Azucena Group of Marcus & Millichap is pleased to present the exclusive opportunity to acquire Spring Village, located at 2220 Chanticleer Avenue in the coastal city of Santa Cruz, California. The property is being offered for sale for the first time since its construction by the original developer. The property consists of (1) four-bed/two-bath townhouse, (3) three-bed/two-bath townhouses, (2) two-bed/two-bath townhouses with lofts, and (10) two-bed/two-bath townhouses. All homes are spacious two-story floor plans with private yards, in-unit laundry, 3:1 on-site parking, and central A/C and heat. The large open spaces also allow for the addition of more units/ADUs. Ideally positioned between Silicon Valley and Monterey Bay, Santa Cruz has become one of Northern California's most desirable residential and investment markets. The city's exceptional quality of life, coastal setting, and limited housing supply continue to drive strong demand for rental housing. With a median home sale price exceeding $1.4 million (as of May 2026), homeownership remains unattainable for many local residents due to high acquisition costs, constrained inventory, and persistent buyer competition.
Investment highlights
- 1.76-acre site, Opportunity Zone, RM-4 Zoning
- Built in 1998
- 16 Spacious, Two- Three- and Four- Bedroom Townhomes
- Located 1.5 miles from the beach
- 100% Two-Story Units, Laundry Equipped and Private Yards
- Incredible Value-Add Upside
Listing Contacts

Valuation Calculator
Valuation Metrics
Broker Selected Comps View More Comps
Property History
Similar Properties
Additional Information
Is there information that looks off?
