About 817 California Street
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
Features of 817 California Street
| MLS® # | ML82042938 |
|---|---|
| Price | $3,725,000 |
| Bedrooms | 16 |
| Bathrooms | 0.00 |
| Square Footage | 4,828 |
| Acres | 0.28 |
| Year Built | 1973 |
| Type | Residential Income |
| Sub-Type | Mixed Use |
| Status | Active |
Community Information
| Address | 817 California Street |
|---|---|
| Area | 699 - Not Defined |
| City | Santa Cruz |
| County | Santa Cruz |
| Zip Code | 95060 |
Amenities
| Parking Spaces | 10 |
|---|---|
| Parking | Off Street |
| Garages | Off Street |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Interior | Laminate |
|---|---|
| Cooling | None |
| Has Basement | No |
| Fireplace | No |
Exterior
| Foundation | Slab |
|---|
School Information
| District | Other |
|---|
Additional Information
| Date Listed | April 14th, 2026 |
|---|---|
| Days on Market | 152 |
| Zoning | Multifamily |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Agent | Sam Bird-robinson |
|---|---|
| Office | Compass |