Fourplex with On-Site
For Sale
$2,480,000
257 High Street, Santa Cruz, CA 95060
ResidentialIncome, SantaCruz, CA
Property Size3,978 SF
Lot Size0.13 Acres
Price / SF$623.43
Days on Market93
Property Features for 257 High Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
Multi Residential
Parking
2
Parking features
Tandem, Assigned
Appliances
OvenGas, OvenRangeGas
Middle school
MissionHill
High school
SantaCruzCityElementary
High school district
SantaCruzCityElementary
Directions
Corner of Highland and High
Subdivision
WestSantaCruz
Standard status
Active
APN
006-171-34-000
Size
3,978 SF
Lot size
0.13 Acres
Taxes and HOA fees
Tax Annual Amount
24356
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas
Water source
Public
Amenities
on-site laundry
Building Details
Year built
1953
Floors in Building
2
Number of units
4
Flooring type
Linoleum, Hardwood, Laminate, Tile
Roof type
Shingle, Composition
Listing Agency:
Compass
(650) 462-1111
Listed By:
Anson Ip · License #01413912
(408) 221-7887
Added: Jul 21
Changed: Oct 21
Last Checked: Oct 21 at 9:06AM
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.
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Investment Insights
Based on property information with market context.
This fourplex contains four two-bedroom, one-bathroom apartments, totaling eight bedrooms and four bathrooms. Shared on-site laundry, separate gas meters, two carports, and four additional off-street parking spaces serve the property. New water heaters were installed in 2025. The building dates to 1953 and sits on a 0.129-acre lot; zoning is Multi Residential.
The property is near the UCSC bus line, with the University of California, Santa Cruz, Downtown Santa Cruz, West Cliff Drive, and the Santa Cruz Beach Boardwalk identified as nearby destinations. The ocean is 1.5 miles away.
The property is near the UCSC bus line, with the University of California, Santa Cruz, Downtown Santa Cruz, West Cliff Drive, and the Santa Cruz Beach Boardwalk identified as nearby destinations. The ocean is 1.5 miles away.
Key Highlights
- Four two‑bedroom, one‑bathroom apartments; eight bedrooms and four bathrooms total
- On‑site laundry and separate gas meters
- Two carports plus 4 additional off‑street parking spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$110,908
Cap Rate
4.47%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,218,160
$2.2M
Cap Rate 7%
$1,584,400
$1.6M
Cap Rate 9%
$1,232,311
$1.2M
Market Conditions
NOI Build-Up for 3,978 SF
Gross rent
$162.3K $40.80/SF
− Vacancy
−$3.9K −$0.97/SF
EGI
$158.4K $39.83/SF
− OpEx
−$47.5K −$11.95/SF
NOI
$110.9K $27.88/SF
Area
Santa Cruz County, CA
Vacancy
2.38%
Lease Rate
$40.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,218,160
Cap Rate 7%
$1,584,400
Cap Rate 9%
$1,232,311
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 authorities.
How Realmo checks its estimates
Property Analytics
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Lease Details
4
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
3,272
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - Four two-bedroom apartments include separate gas meters and shared laundry facilities.
Where is this quadplex located?
The property is located at 257 High Street 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: Four two‑bedroom, one‑bathroom apartments; eight bedrooms and four bathrooms total; On‑site laundry and separate gas meters; Two carports plus 4 additional off‑street parking spaces
