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817 California StreetSanta Cruz, CA 95060

For Sale

$3,975,000

Smart Buyer Rebate $39,750

Professionally managed UCSC rental opportunity with a phenomenal investment profile. This property features four 1,207 Sq. Ft. 4-Bed/2-Bath units, totaling 16 Bedrooms and 8 Bathrooms across 4,828 Sq. Ft. Benefit from an established rental history, very low vacancy rate, Total Operating Income of nearly $275K/year and a strong Net Operating Income (NOI) of $191K/year. Competitive financing is streamlined with SFR options available. Key features that maximize tenant appeal and minimize owner overhead include: on-site laundry, off-street parking, and 4 separate water and gas meters. The location is unbeatable for student renters, situated directly on the UCSC bus line corridor with quick access to campus and Downtown Santa Cruz. Don't miss this rare chance to secure a high-performing asset in a consistently robust rental market. All units are 4 Bed / 2 Bath

Listed by Sam Bird-Robinson

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License #01901727

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Compass

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831-515-6060

Listed by Charlie Lambert

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License #02241273

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Compass

Last updated April 14, 2026

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Source: MLSListings #ML82042938

Listing Facts

  • TypeMulti-family
  • NeighborhoodMission Hill
  • Days on Prevu18
  • Taxes$49,687/year
  • Size4,828 sqft
  • Price per sqft$823

Amenities

  • Pets Allowed
  • Parking

Location

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Listing History

04/14/2026
Listed by Compass
$3,975,000

Property Details for 817 California Street

Exterior

Construction

  • Roof: Rolled/Hot Mop
  • Year Built: 1973
  • Year Built Details: 2

Measurements

  • Building Area Total: 4,828
  • Lot Size Area: 12,023
  • Lot Size Source: Assessor
  • Lot Size Square Feet: 12,023
  • Lot Size Units: Square Feet

Financial

Residential Income

  • Cap Rate: 4.46
  • Gross Income: $273,480.00

Taxes

  • Parcel Number: 006-481-33-000
  • Tax Annual Amount: $49,687.00

Interior

Features

  • Flooring: Laminate, Vinyl/Linoleum

Measurements

  • Living Area: 4,828

Parking

Parking

  • Carport: Yes
  • Parking Features: Off-Street Parking
  • Parking Total: 10

Schools

High School

  • High School District: Santa Cruz City Elementary

Utilities

Equipment

  • Heating: Central Forced Air - Gas
  • Sewer: Public Sewer
  • Utilities: Water - Public, Individual Electric Meters, Individual Gas Meters
  • Water Source: Public

Frequently Asked Questions

How many bedrooms does this multi-family home have?

There is bedrooms in this multi-family home at 817 California Street.

Does this multi-family home have parking?

Yes, there are 10 parking spaces available for 817 California Street.

What are the annual taxes for 817 California Street?

Annual taxes for this multi-family home are estimated at $49,687.

How does 817 California Street compare to other multi-family homes in Mission Hill?

This multi-family home is listed 35% above the average price for multi-family homes in Mission Hill and has been on the market for 80 less days than the typical home in this area.

What is the square footage on this multi-family home?

According to the MLS, this listing is 4,828 sqft.

817 California Street is a -bedroom multi-family home for sale in Santa Cruz CA 95060. On Prevu for 18 days at $3,975,000. This home features 4,828 square feet of living space, located in Santa Cruz. The median listing price for multi-family homes in this area is $2,950,000. The home offers pets allowed and parking. Browse more multi-family home listings in Santa Cruz.

Based on information from MLSListings™️ and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by Prevu or the MLS. Information is provided exclusively for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing.

Full MLS Disclaimers

Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.