Fourplex with On-Site
257 High ST Santa Cruz, CA 95060
New
257 High ST, Santa Cruz, CA, 95060
$2,480,000
For Sale
$2,480,000
MULTI_FAMILY - SANTA CRUZ, CA
Property Size3,978 SF
Lot Size0.13 Acres
Price / SF$623.43
Days on Market1
Property Features for 257 High ST
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- Multi Residential
- Bedrooms
- 8
- Rooms
- Bedroom 1, Bedroom 4, Bedroom 3, Bedroom 5, Bedroom 6, Bedroom 7, Bedroom 8, Bedroom 2, Laundry Room
- Parking
- 3
- Parking features
- Offsite, Tandem, Assigned
- Appliances
- Oven - Gas, Oven Range - Gas
- Standard status
- Active
- Size
- 3,978 SF
- Lot size
- 0.13 Acres
Utilities
- Heating system
- Natural Gas
- Water source
- Public
Building Details
- Year built
- 1953
- Number of units
- 4
- Flooring type
- Linoleum, Laminate, Hardwood, Tile
- Roof type
- Composition, Shingle
Listing agency
KW Thrive Santa Cruz
(831) 457-5500
Listed by
Seabea Ghoph · License #01360895
(408) 661-3838
Added: Jul 21 Checked: Jul 21 at 10:06PM
MLS# ML82051773
Copyright © 2026 MLS Listings, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This professionally managed fourplex offers four spacious 2-bedroom, 1-bath units. The building includes on-site laundry and separate gas meters, along with two carports and four additional off-street parking spaces, plus abundant street parking. Water heaters were installed in 2025.
The property is located in the UCSC area, steps from the UCSC bus line, providing convenient access to campus, Downtown Santa Cruz, West Cliff Drive, and the Santa Cruz Beach Boardwalk. The ocean is approximately 1.5 miles away. Zoning is Multi Residential.
Each unit is described as approximately 950 square feet, with the property totaling approximately 8 bedrooms and 4 bathrooms, and is listed as fully occupied.
The property is located in the UCSC area, steps from the UCSC bus line, providing convenient access to campus, Downtown Santa Cruz, West Cliff Drive, and the Santa Cruz Beach Boardwalk. The ocean is approximately 1.5 miles away. Zoning is Multi Residential.
Each unit is described as approximately 950 square feet, with the property totaling approximately 8 bedrooms and 4 bathrooms, and is listed as fully occupied.
Key Highlights
- Professionally managed, fully occupied 4‑plex with 4 separate 2BR/1BA units
- Approximately 3,800 SF total: each unit approximately 950 SF with 8 bedrooms and 4 bathrooms
- On‑site laundry plus separate gas meters for the units
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $162.3k | $40.80 |
| − Vacancy | −$3.9k | −$0.97 |
| EGI | $158.4k | $39.83 |
| − OpEx | −$47.5k | −$11.95 |
| NOI | $110.9k | $27.88 |
3,978 SF · lease $40.80/SF/yr · vacancy 2.38% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.58M
$1.39M – $1.85M
NOI $110,908 @ 7.0% cap · market cap 4.47%
Second Best
Apartment 5plus
$1.46M
$1.28M – $1.71M
NOI $102,394 @ 7.0% cap · market cap 4.13%
Theoretical Best
Retail
$2.27M
$1.99M – $2.65M
NOI $159,223 @ 7.0% cap · market cap 6.42%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Fourplex with four 2-bedroom, 1-bath units, on-site laundry, separate gas meters, and multiple parking options.
Where is this quadplex located?
The property is located at 257 High ST Santa Cruz, CA.
What is the asking price?
The asking price for this property is $2,480,000.
What are key features of this property?
This property features: Professionally managed, fully occupied 4‑plex with 4 separate 2BR/1BA units; Approximately 3,800 SF total: each unit approximately 950 SF with 8 bedrooms and 4 bathrooms; On‑site laundry plus separate gas meters for the units
