With the downstairs rental opportunity you can keep the upstairs for yourself. A 4.15% CAP rate on pro forma rents. As a legal duplex you have a get paid AND also play: rent the downstairs half and have the upstairs as your retreat. The downstairs is a fully functional single level home. Are you looking 6 blocks from the ocean? Come down to water's edge for this affordable duplex. Host extended family gathered in the upstairs great room with its frontage deck, and the downstairs has its guest quarters with private entrances. You could also share your home by tossing the key to a trusted friend or a close relative and letting them let go of their worries. A distinctive designed property like this offers many variations. The property is not in the City of Santa Cruz rental ordinance, which is now subject to rent control. This is the site of choice for a beach lover. Again, filling in real expenses and taxes calculated at a full price offer this is a pro-forma 4.15% CAP rate.