817 California St, Santa Cruz, CA 95060
- $3,725,000
- 4,828
- SqFt
- List Price
- $3,725,000
- MLS#
- 82042938
- Property Type
- Multifamily
- Sqft. of Residence
- 4,828
- Lot Size
- 12,023
- Region
- West Santa Cruz
- Status
- ACTIVE
- County
- Santa Cruz
- Acres
- 0.28
- Year Built
- 1973
- Parking Spaces
- 10
Property Description
5% CAP!!! 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
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Additional Information
- Foundation
- Concrete, Slab
- Living Area
- 4,828
- Lot Size
- 12,023
- Region
- West Santa Cruz
- Roof
- Composition
- Zoning
- Multifamily
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Listing courtesy of Compass.
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