817 California St, SANTA CRUZ, 95060

Multi-Residential - Fourplex For Sale

$2,895,000

Beds
Baths
4,828Sqft
.55Acres
1973Built
MLS® #: ML81725203
Active

Solid 4-plex with 11.6 GRM. Large 4 BR/2Bth floor-plans allow high density occupancy. Rents are reflective of this property's unique value proposition offering sleeping quarters that favorably compare with the dorms at UCSC, with each bedroom enjoying direct access to a Jack and Jill bathroom instead of dorm restrooms down the hall. Students love the location walking distance to downtown with convenient access to bus transportation to the University. Strong track record of premium rents and reliable low turnover schedule with minimal vacancy. With dorm costs continuing to escalate in the face of planned expansion of student population with limited addition of on-campus housing, this property is ideally positioned to insulate its owners against possible effects of rent control! Durable upgrades throughout including new roof, stainless appliances, granite counters and laminate floors. Owner invested over $350K rehab costs to make this the ideal low-maintenance, high cash-flow property.

Essential Information

MLS® #: ML81725203
Price: $2,895,000
Square Footage: 4,828
Square Footage: Assessor
Acres: 0.55
Year Built: 1973
Type: Multi-Residential
Sub-Type: Fourplex
Status: Active

Community Information

Address: 817 California St
Area: West Santa Cruz
City: SANTA CRUZ
County: Santa Cruz
State: CA
Zip Code: 95060

Amenities

Utilities: Public Utilities
Parking Spaces: 10
View: None

Interior

Heating: Other
Cooling: No Cooling
# of Stories: 2

Exterior

Lot Description: Grade - Level
Roof: Flat/Low Pitch
Construction: Wood Frame
Foundation: Concrete Perimeter & Slab

Additional Information

Zoning: RM

Listing Details

Listing Agent: Datta Khalsa
Listing Office: Main Street Realtors

Financials

$/SqFt: $600

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All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS.
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