817 California Street, Santa Cruz, CA 95060

Santa Cruz
Local realty services provided by:ERA North Orange County Real Estate
817 California Street,Santa Cruz, CA 95060
$3,725,000
  • - Beds
  • - Baths
  • 4,828 sq. ft.
  • Multi-family
  • Active
Listed by: sam bird-robinson, charlie lambert
Office: compass831-708-1663
MLS#:ML82042938
Source:CRMLS

Price summary

  • Price:$3,725,000
  • Price per sq. ft.:$771.54

About this home

5% CAP!!! Professionally managed UCSC rental opportunity with a phenomenal investment profile. This property features four 1,207 Sq. Ft. 4-Bed/2-Bath units, totaling 16 Bedrooms and 8 Bathrooms across 4,828 Sq. Ft. Benefit from an established rental history, very low vacancy rate, Total Operating Income of nearly $275K/year and a strong Net Operating Income (NOI) of $191K/year. Competitive financing is streamlined with SFR options available. Key features that maximize tenant appeal and minimize owner overhead include: on-site laundry, off-street parking, and 4 separate water and gas meters. The location is unbeatable for student renters, situated directly on the UCSC bus line corridor with quick access to campus and Downtown Santa Cruz. Don't miss this rare chance to secure a high-performing asset in a consistently robust rental market. All units are 4 Bed / 2 Bath

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Home facts

  • Year built:1973
  • Listing ID #:ML82042938
  • Added:213 day(s) ago
  • Updated:November 14, 2026 at 12:32 PM

Rooms and interior

  • Flooring:Laminate
  • Living area:4,828 sq. ft.

Structure and exterior

  • Year built:1973
  • Building area:4,828 sq. ft.
  • Lot area:0.28 Acres
  • Foundation Description:Slab

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$3,725,000
  • Price per sq. ft.:$771.54
  • Tax amount:$49,687

Parking

  • Total parking spaces:10
  • Parking description:Off Street
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