Shovel-Ready Student Housing Development
247 High St, Santa Cruz, CA 95060
For Sale
$1,795,000
Fully permitted, shovel-ready land with approved plans for a 27-bed, 7-unit student housing project.
Property Size5,858 SF
Price / SF$306.42
Days on Market153
Property Features for 247 High St
General Information
Standard status
Size
Site & Location
Neighborhood
Additional Details
Multifamily Units
Building Details
Year Built
Listing Agency:
David Lyng Real Estate
Listed By:
Troy Hinds · License CA #01803325
(831) 706-6224
Source:
Myfabuloushome
Added: Jun 12
Changed: Oct 25
Last Checked: Oct 7 at 3:46PM
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
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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
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Lease Details
7
Residential units
Location Intelligence
Trade Area within ½ mile
3,618
Businesses Nearby
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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
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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 St Santa Cruz, CA.
What is the asking price?
The asking price for this property is $1,795,000.
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.
