UCSC Rental Investment
For Sale
$3,725,000
817 California Street, Santa Cruz, CA 95060
Four 4-bed/2-bath units near UCSC with strong income.
Property Size4,828 SF
Price / SF$771.54
Days on Market226
Property Features for 817 California Street
General Information
Standard status
Active
Size
4,828 SF
Total Parking Spaces
10
Property subtype
RESIDENTIAL INCOME / OTHER
Site & Location
Neighborhood
King Street
Taxes and HOA fees
Annual Taxes
$49,687
Amenities
Off-Street Parking
http://www.817california.com
Building Details
Year Built
1973
Buildings
1
Listing Agency:
Compass
Listed By:
Sam Bird-Robinson · License #01901727
(831) 515-6060
Source:
Compass
Added: Mar 14
Changed: Oct 13
Last Checked: Oct 24 at 8:30PM
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 Compass
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Investment Insights
Based on property information with market context.
This professionally managed rental property near UCSC presents an investment opportunity. The property includes four units, each featuring 4 bedrooms and 2 bathrooms within 1,207 square feet. The total building area is 4,828 square feet, comprising 16 bedrooms and 8 bathrooms. The property benefits from an established rental history and a low vacancy rate. The total operating income is nearly $275,000 per year, with a net operating income (NOI) of $191,000 per year. On-site laundry, off-street parking, and four separate water and gas meters are included. The location provides access to campus and Downtown Santa Cruz via the UCSC bus line corridor. The bike score is 94, indicating it is a biker's paradise. The walk score is 83, indicating it is very walkable, and the transit score is 35, indicating some transit options are available. All units are 4 bed / 2 bath.
Key Highlights
- High Net Operating Income (NOI) of $191K/year.
- Total Operating Income of nearly $275K/year.
- Four 4‑Bed/2‑Bath units totaling 16 bedrooms and 8 bathrooms.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$134,606
Cap Rate
3.61%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,692,120
$2.7M
Cap Rate 7%
$1,922,943
$1.9M
Cap Rate 9%
$1,495,622
$1.5M
Market Conditions
NOI Build-Up for 4,828 SF
Gross rent
$197.0K $40.80/SF
− Vacancy
−$4.7K −$0.97/SF
EGI
$192.3K $39.83/SF
− OpEx
−$57.7K −$11.95/SF
NOI
$134.6K $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%
$2,692,120
Cap Rate 7%
$1,922,943
Cap Rate 9%
$1,495,622
Alternative Uses
Best Use
Multifamily LT 5
$1.92M
$1.68M – $2.24M
NOI $134,606 @ 7.0% cap · market cap 3.61%
Second Best
Apartment 5plus
$1.78M
$1.55M – $2.07M
NOI $124,273 @ 7.0% cap · market cap 3.34%
Theoretical Best
Retail
$2.76M
$2.42M – $3.22M
NOI $193,246 @ 7.0% cap · market cap 5.19%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Location Intelligence
Trade Area within ½ mile
3,123
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - Four 4-bed/2-bath units near UCSC with strong income.
Where is this quadplex located?
The property is located at 817 California Street Santa Cruz, CA.
What is the asking price?
The asking price for this property is $3,725,000.
What are key features of this property?
This property features: High Net Operating Income (NOI) of $191K/year.; Total Operating Income of nearly $275K/year.; Four 4‑Bed/2‑Bath units totaling 16 bedrooms and 8 bathrooms.
