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257 High Street

Santa Cruz, CA 95060
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Bed 8

Bed

Bath 0

Bath

SqFt3,978

Sqft

SqFt5,619

Sqft(Lot)

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-si te 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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Detail Ic Property Details

Property Type : ResidentialIncome

Price : $2,480,000

AD Id : 88281340

MLS Id : ML82051773

Beds : 8

Lot Size : 5,619 Sqft

Living Area Size : 3,978

Year Built : 1953

Garage : 2

County : Santa Cruz

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Feature Features

  • Interior Features

    Roof: Composition, Shingle
    Appliances: GasOven
  • Heating & Cooling

    Has Heating: Yes Has Cooling: Yes Cooling: None

  • Building Information

    Year Built: 1953
    Building Area Total: 3978
    Construction Materials: Other
    Private Pool: No

  • Lot Information

    Main Square Feet: 5619 Lot Size Acres: 0.129 Lot Size Source: Assessor Lot Size Square Feet: 5,619

  • Listing Price Information

    Listing Price: $2480000

  • Tax Information

    Parcel Number: 00617134000 Annual Tax: $24356

  • School Information

    Elementary School: Westlake Junior High School: Other Senior High School:
  • Location Information

    Direction: Corner of Highland and High WaterSource: Public
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
512 2nd Street, Santa Cruz, CA, 95060 $2,700,000 6 -- 2,957 2,957 SqFt

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ByOwner last updated this listing 07/25/2026 @ 00:10

MLS: ML82051773 LISTED BY: Anson Ip, Compass 650-462-1111 SOURCE: CRMLS

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