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Listed by: Sam Bird-Robinson (831) 515-8582 DRE #01901727, Charlie Lambert DRE #02241273 | Compass (831) 708-1663
$3,725,000
Monthly Est:$18,541
16 Beds
-- Bath
4,828sqft
817 California St, Santa Cruz, CA 95060
$3,725,000
$18,541/moEst:
Get Pre-Approved
Mixed Use
Built in 1973
$-- HOA
12,023 sqft lot
$772/sq.ft
Description
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
- Houzeo last checked: 1 hour ago
- Listing updated: September 11, 2026 at 6:36 pm
- Source: California Regional MLS-CA | MLS#: ML82042938
Part of
Property Details
Status
Active
Type
Multi Family
No. of Stories
-
County
City
Neighborhood
Year Built
1973
HOA Fees
-
Finished Area
4,828 sqft
Lot Size
12,023 sqft lot
Basement Area
- sqft
MLS Name
California Regional MLS
MLS Number
ML82042938
MLS Status
Active
Days on Market
181
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Location
Facts & Features
Rooms
Bedrooms & bathrooms
Bedrooms: 16
Bathroom: --
Interior
Cooling
None
Sewer
Public Sewer
Flooring
Laminate
Construction
Year Built
Year Built: 1973
Home type
Mixed Use
Foundation Details
Slab
Utilities & Energy
Water Source
Public
Parking Features
Off Street
Price History
| Date | Event | Price |
|---|---|---|
04/14/2026 Source: | Price Decreased | $3,725,000 -6.29% $772/sqft |
04/14/2026 Source: | Listed for Sale | $3,975,000 $823/sqft |
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Based on information from California Regional Multiple Listing Service, Inc. as of Oct 13, 2026, 05:30PM and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This website may not include listings or property addresses of sellers who have directed their listing brokers to withhold their listing or their property address from display on the Internet. © 2026 California Regional Multiple Listing Service. All Rights Reserved.
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