Shovel-Ready Student Housing Development
For Sale
$1,895,000
247 High Street, Santa Cruz, CA 95060
Fully permitted, shovel-ready land with approved plans for a 27-bed, 7-unit student housing project.
Property Size5,858 SF
Price / SF$323.49
Days on Market111
Property Features for 247 High Street
General Information
Standard status
Active
Size
5,858 SF
Property subtype
General Commercial
Additional Details
Multifamily Units
7
Taxes and HOA fees
Annual Taxes
$86,416
Amenities
Electric
3
Composition
R-UM Residential - Multif
Carport.
Building Details
Year Built
2026
Listing Agency:
(831) 429-5700
Listed By:
David Lyng Real Estate
Source:
Xome
Added: Apr 24
Changed: Aug 8
Last Checked: Jun 13 at 2:27AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of David Lyng Real Estate
Investment Insights
Based on property information with market context.
This fully permitted, shovel-ready land opportunity is positioned for immediate development of a student housing project, described as featuring a total of 27 beds across 7 units and 12 bathrooms. The project is presented with a “carrier” SFR, with approved plans already in place to support the as-designed buildout.
Located at 247 High Street in Santa Cruz, the offering is marketed as UCSC-proximate off-campus student housing development. The current development status is presented as permit-ready and ready to move forward without the time and cost of navigating entitlement.
Located at 247 High Street in Santa Cruz, the offering is marketed as UCSC-proximate off-campus student housing development. The current development status is presented as permit-ready and ready to move forward without the time and cost of navigating entitlement.
Key Highlights
- Fully permitted, shovel‑ready 6,393 SF student housing development opportunity.
- Approved plans for 27 beds across 7 units with 12 bathrooms.
- Zoned R‑UM Residential - Multif; includes a carport and electric cooling.
Property Analytics
Property Profile
Current Use
Lease Details
7
Residential units
Location Intelligence
Trade Area within ½ mile
3,475
Businesses Nearby
Explore this area
Business Placement
Demographics for 95060, CA
47,931
Population
20,181
Households
2.4
Avg Household Size
39
Median Age
55%
College-Educated
94%
High-School Grad
54.5 sq mi
ZIP Area
879
Density / Sq Mi
$106,040
Median Household Income
$46,231
Median Earnings
$2,356
Median Rent
$1,189,300
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - Fully permitted, shovel-ready land with approved plans for a 27-bed, 7-unit student housing project.
Where is this residential land & home lot located?
The property is located at 247 High Street Santa Cruz, CA.
What is the asking price?
The asking price for this property is $1,895,000.
What are key features of this property?
This property features: Fully permitted, shovel‑ready 6,393 SF student housing development opportunity.; Approved plans for 27 beds across 7 units with 12 bathrooms.; Zoned R‑UM Residential - Multif; includes a carport and electric cooling.
