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817 California St
Santa Cruz, CA 95060
Multifamily Property For Sale
·
4 Units
Property Facts
| No. Units | 4 | Lot Size | 0.28 AC |
| Property Type | Multifamily | Building Size | 4,828 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1973 |
| Building Class | B | Parking Ratio | 2.28/1,000 SF |
| Zoning | RM | ||
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.28 AC |
| Building Size | 4,828 SF |
| No. Stories | 2 |
| Year Built | 1973 |
| Parking Ratio | 2.28/1,000 SF |
| Zoning | RM |
About 817 CALIFORNIA ST , SANTA CRUZ, CA 95060
Tucked away off the street in a garden setting, 817 California is a prime residential 4-plex on the Westside of Santa Cruz in an established part of town dotted with historic Victorians, convenient to the shops and restaurants of Mission Street, and a short walk or bike ride to downtown Santa Cruz and world famous surf spots. The property was extensively renovated with over $380,000 in capital improvements added by the current owners and offers four large 4 Bedroom units with upscale appointments throughout including engineered laminate flooring, stainless steel appliances and granite counters. The rare 4-bedroom unit configuration lends itself to optimal student occupancy numbers which help drive a very competitive 11.6 Gross Rent Multiplier and 5.6% Cap Rate for the investment. With its clean lines and attractive modern upgrades, access to public transportation and a healthy tenant base just up the hill at UCSC, the complex is optimally positioned for student housing with just the right combination of stable leases and healthy turnover with the University poised for additional expansion over the coming decade, and initial reports indicating limited on-campus housing planned.
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 4+2 | 4 | - | 1,207 |
Property Taxes
| Parcel Number | 006-481-33-000 | Improvements Assessment | $1,565,282 |
| Land Assessment | $1,697,933 | Total Assessment | $3,263,215 |
Property Taxes
