Residential Income - 817 California Street, Santa Cruz, CA

$3,725,000

817 California Street, Santa Cruz, CA

817 California Street, Santa Cruz, CA 95060 - $3,725,000 · Multi-Family Home for Sale, photo 3

817 California Street, Santa Cruz, CA 95060 - $3,725,000 · Multi-Family Home for Sale, photo 4

817 California Street, Santa Cruz, CA 95060 - $3,725,000 · Multi-Family Home for Sale, photo 5

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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

Property details

Square feet

4,828

Year built

1973

Property type

Residential Income

Lot size

12,023 sqft

Location

817 California Street • Santa Cruz, CA 95060

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Listed by

Sam Bird-Robinson · Compass

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Closed sales reported in 95060, nearest first, last 12 months. All recent sales in Santa Cruz →