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Bobby And Michelle Schaffer

sold@legacyhouserealty.com +1(951) 533-7744

$ 2,480,000

Est. payment | -/mo

3,978 SqFt

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$ 2,480,000

Est. payment | -/mo

Save

3,978 SqFt

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Square Footage 3,978 sqft

Price per Sqft $623

MLS Listing ID ML82051773

HOA Y/N No

Year Built 1953

Annual Tax Amount $24,356

Lot Size 5,619 Sqft

Property Sub-Type Quadruplex

Property Description

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.

Location

State CA

County Santa Cruz

Area 699 - Not Defined

Zoning Multi Residential

Interior

Cooling None

Flooring Laminate, Tile, Wood

Fireplace No

Appliance Gas Oven

Exterior

Parking Features Off Site

Garage Spaces 2.0

Carport Spaces 2

Garage Description 2.0

View Y/N No

Roof Type Composition,Shingle

Accessibility Other

Total Parking Spaces 2

Building

Story 2

Foundation Concrete Perimeter

Sewer Public Sewer

Water Public

Schools

Elementary Schools Westlake

Middle Schools Other

School District Other

Others

Tax ID 00617134000

Special Listing Condition Standard

CRMLS Full IDX Feed (MAIN Website Search)

Listed by Anson Ip Compass #01413912

Nearby Locations

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(951) 533-7744

sold@legacyhouserealty.com

Temecula , California 92592, USA

257 High ST Santa Cruz, CA 95060

Bobby And Michelle Schaffer

Key Details

Location

Interior

Exterior

Building

Schools

Others

Nearby Locations

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257 High ST