257 High Street, Santa Cruz, CA 95060
List Price: $2.48M
Listing Status: Active
0Days on Market: 0
0 Bedrooms · 0 Bathrooms · 3,978 sq ft
Property Type: ResidentialIncome
Year Built: 1953
Lot Size: 5,619 sq ft
Annual Property Tax: $24,356
MLS Number: ML82051773
About This Property
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.
Listing provided by: Seabea Ghoph DRE #01360895 (831) 457-5500 seabea@seabea.com, KW Thrive Santa Cruz
Source: CRMLS, MLS #: ML82051773
Belmont Brokerage Inc. (DRE #02431308) is not the listing office for this property. We provide buyer representation and consultation. Any “Schedule a Tour” or “Contact” form on this page contacts a Belmont Brokerage agent — not the listing agent above.