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Listed by Compass
$3,725,000
Est. payment /mo
4,828 SqFt
Active
817 California Street Santa Cruz, CA 95060
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Key Details
Property Type Single Family Home
Sub Type OTHER
Listing Status Active
Purchase Type For Sale
Square Footage 4,828 sqft
Price per Sqft $771
MLS Listing ID ML82042938
HOA Y/N No
Year Built 1973
Lot Size 0.276 Acres
Property Sub-Type OTHER
Source Datashare MLSListings
Property Description
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
Location
State CA
County Santa Cruz
Interior
Heating Forced Air
Cooling No Air Conditioning
Flooring Laminate
Fireplace No
Building
Water Public
Schools
School District , Santa Cruz City Elementary