817 California Street, Santa Cruz, CA 95060

Santa Cruz
Local realty services provided by:Better Homes and Gardens Real Estate Royal & Associates
817 California Street,Santa Cruz, CA 95060
$3,725,000
Virtual Tour
  • 16 Beds
  • - Baths
  • 4,828 sq. ft.
  • Multi-family
  • Active
Listed by: sam bird-robinson, charlie lambert
Office: compass
MLS#:ML82042938
Source:Bay East, CCAR, bridgeMLS

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:163 day(s) ago
  • Updated:September 25, 2026 at 02:40 PM

Rooms and interior

  • Bedrooms:16
  • Flooring:Laminate
  • Living area:4,828 sq. ft.

Heating and cooling

  • Heating:Forced Air

Structure and exterior

  • Year built:1973
  • Building area:4,828 sq. ft.

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$3,725,000
  • Price per sq. ft.:$771.54
MLS LogoBay East 2026. CCAR 2026 bridgeMLS 2026. Information Deemed Reliable But Not Guaranteed. This information is being provided by the Bay East MLS, or CCAR MLS, or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website. This information is intended for the personal use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated at September 25, 2026

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