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
For sale
Price cut: $250K (8/5)
$3,725,000
817 California St, Santa Cruz, CA 95060
16beds
8baths
4,828sqft
Residential Income
Built in 1973
-- sqft lot
$-- Zestimate®
$772/sqft
$-- HOA
What's special
- 182 days
- 273
- 14
Zillow last checked:
Listing updated:
Listed by:
Sam Bird-Robinson 01901727 831-515-6060,
Compass 831-708-1663,
Charlie Lambert 02241273 831-428-2526,
Compass
Source: MLSListings Inc,MLS#: ML82042938
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 16
- Bathrooms: 8
Heating
- Central Forced Air Gas
Cooling
- None
Features
- Flooring: Laminate, Vinyl Linoleum
- Doors: None
Interior area
- Total structure area: 4,828
- Total interior livable area: 4,828 sqft
Video & virtual tour
Property
Parking
- Total spaces: 10
- Parking features: Off Street
- Has carport: Yes
Accessibility
- Accessibility features: None
Lot
- Size: 0.28 Acres
Details
- Parcel number: 00648133000
- Zoning: Multifamily
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Residential Income
Materials
- Foundation: Slab
- Roof: RolledHotMop
Condition
- Year built: 1973
Utilities & green energy
- Gas: IndividualGasMeters
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Water Public, Individual Electric Meters, Individual Gas Meters
Community & HOA
Location
- Region: Santa Cruz
Financial & listing details
- Price per square foot: $772/sqft
- Tax assessed value: $3,328,478
- Annual tax amount: $49,687
- Date on market: 4/14/2026
- Listing agreement: ExclusiveRightToSell
- Inclusions: DishwasherAllUnits, OvenRangeAllUnits
- Lease term: 12 Months
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 8/5/2026 | Price change | $3,725,000-6.3%$772/sqft |
Source:  MLSListings Inc #ML82042938 Report a problem | ||
| 4/14/2026 | Listed for sale | $3,975,000+29.3%$823/sqft |
Source: MLSListings Inc #ML82042938 Report a problem | ||
| 9/22/2021 | Sold | $3,075,000+6.2%$637/sqft |
Source: Public Record Report a problem | ||
| 3/19/2019 | Listing removed | $2,895,000$600/sqft |
Source: Main Street Realtors #ML81725203 Report a problem | ||
| 10/2/2018 | Listed for sale | $2,895,000+83.2%$600/sqft |
Source: Main Street Realtors #ML81725203 Report a problem | ||
| 1/15/2016 | Sold | $1,580,000$327/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2026 | -- | $3,328,478 +2% |
| 2025 | $37,984 +7% | $3,263,215 +2% |
| 2024 | $35,505 +1.3% | $3,199,230 +2% |
| 2023 | $35,066 +1.2% | $3,136,500 +2% |
| 2022 | $34,664 +75.6% | $3,075,000 +78% |
| 2021 | $19,741 +0.8% | $1,727,961 +1% |
| 2020 | $19,585 +2.2% | $1,710,243 +2% |
| 2019 | $19,172 +1.2% | $1,676,709 +2% |
| 2018 | $18,953 +274.1% | $1,643,832 +318.5% |
| 2017 | $5,066 +5.3% | $392,757 +2% |
| 2016 | $4,810 +6.8% | $385,056 +1.5% |
| 2015 | $4,502 +1.6% | $379,272 +2% |
| 2014 | $4,430 | $371,842 +2.5% |
| 2012 | -- | $362,903 +2% |
| 2011 | -- | $355,787 +0.8% |
| 2010 | -- | $353,128 -0.2% |
| 2009 | -- | $353,967 +2% |
| 2008 | -- | $347,027 +2% |
| 2007 | -- | $340,223 +2% |
| 2006 | -- | $333,552 +2% |
| 2005 | -- | $327,012 +2% |
| 2004 | -- | $320,600 +1.9% |
| 2003 | -- | $314,724 +2% |
| 2002 | -- | $308,552 +2% |
| 2001 | -- | $302,502 +2% |
| 2000 | -- | $296,571 |
Find assessor info on the county website
Monthly payment
Est. payment
