257 High Street, Santa Cruz, CA 95060
Local realty services provided by:CENTURY 21 Masters
257 High Street,Santa Cruz, CA 95060
$2,480,000
- - Beds
- - Baths
- 3,978 sq. ft.
- Multi-family
- Active
Listed by: anson ip
Office: compass
MLS#:82051773
Source:MLSListings
Price summary
- Price:$2,480,000
- Price per sq. ft.:$623.43
About this home
Rare UCSC-area investment opportunity in one of Santa Cruz's strongest rental markets. Ideally located steps from the UCSC bus line, this professionally managed, fully occupied fourplex is well suited for UCSC students, faculty, and staff. Residents enjoy easy access to campus, Downtown Santa Cruz, West Cliff Drive, and the Santa Cruz Beach Boardwalk, all just 1.5 miles from the ocean. The property features 4 spacious 2-bedroom, 1-bath units, each approximately 950 square feet, totaling 8 bedrooms and 4 bathrooms across approximately 3,800 square feet. Floor plans may offer potential for conversion to 3-bedroom configurations for increased income. Comparable 3-bedroom rentals near UCSC may command approximately $4,500-$5,500 per month. Buyer to verify feasibility. Amenities include on-site laundry, separate gas meters, 2 carports, 4 additional off-street parking spaces, and abundant street parking. New water heaters were installed in 2025. The property offers strong rental history, stable cash flow, and generates approximately $186,000 in annual gross income. Potential DSCR financing available....
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Home facts
- Year built:1953
- Listing ID #:82051773
- Added:53 day(s) ago
- Updated:September 13, 2026 at 04:37 PM
Rooms and interior
- Flooring:Hardwood, Laminate, Tile, Vinyl / Linoleum
- Living area:3,978 sq. ft.
Heating and cooling
- Heating:Gas
Structure and exterior
- Roof:Composition, Shingle
- Year built:1953
- Building area:3,978 sq. ft.
- Lot area:0.13 Acres
- Foundation Description:Concrete Perimeter
Schools
- Middle school:Mission Hill
- Elementary school:Westlake Elementary
Utilities
- Water:City/Public, Individual Water Meter
- Sewer:Sewer - Public
Finances and disclosures
- Price:$2,480,000
- Price per sq. ft.:$623.43
Features and amenities
- Laundry features:Coin Operated Laundry
Parking
- Parking description:2 Car Carport, Assigned Spaces, Off-Site Parking, Parking Area, Tandem
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