817 California St, Santa Cruz, CA, 95060
About This Home
Professionally managed UCSC rental opportunity with a phenomenal investment profile. This property features four 1,207 Sq. Ft. 4-Bed/2-Bath units, totaling 16 Bedrooms and 8 Bathrooms across 4,828 Sq. Ft. Benefit from an established rental history, very low vacancy rate, Total Operating Income of nearly $275K/year and a strong Net Operating Income (NOI) of $191K/year. Competitive financing is streamlined with SFR options available. Key features that maximize tenant appeal and minimize owner overhead include: on-site laundry, off-street parking, and 4 separate water and gas meters. The location is unbeatable for student renters, situated directly on the UCSC bus line corridor with quick access to campus and Downtown Santa Cruz. Don't miss this rare chance to secure a high-performing asset in a consistently robust rental market. All units are 4 Bed / 2 Bath
Getting Around
Very Walkable
Some Transit
Biker's ParadiseSchools
Construction
Condition
- Year built: 1973
Materials
- Foundation: Slab
- Roof: RolledHotMop
Type & Style
- Home type: MultiFamily
- Property subType: Residential Income
Interior
Bedrooms & Bathrooms
- Bedrooms: 16
- Bathrooms: 8
Features
- Door features: None
- Flooring: Laminate,Vinyl Linoleum
Heating & Cooling
- Heating features: Central Forced Air Gas
- Cooling features: None
Interior Area
- Total structure area: 4,828
- Total interior livable area: 4,828 sqft
Property
Accessibility
- Accessibility features: None
Details
- Parcel number: 00648133000
- Zoning: Multifamily
- Special condition: Standard
Lot
- Lot size: 0.28 Acres
Parking
- Total spaces: 10
- Parking features: Off Street
- Carport: Yes
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Earthquake
- Inland Flooding
How This Home’s Risks Compare
FEMA Declared Disasters in Santa Cruz County and California
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $20,099 | $241,188 |
| Home Insurance * | $628 | $7,536 |
| Property Taxes | $3,847 | $46,164 |
| Electricity | $1,035 | $12,423 |
| Total | $25,609 | $307,308 |
Income You'd Need if You Spent...
California FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-08-05 | Price change | $3,725,000 |
| 2026-04-14 | Listed for sale | $3,975,000 |
| 2021-09-22 | Sold | $3,075,000 |
| 2019-03-19 | Listing removed | $2,895,000 |
| 2018-10-02 | Listed for sale | $2,895,000 |
| 2016-01-15 | Sold | $1,580,000 |
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