Santa Cruz, CA

$2,480,000

257 High Street, Santa Cruz, CA

Baths

3,978

Sq Ft

1953

Built

Days listed

About this home

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.

Facts & features

Interior

Bathrooms: 0
Living area: 3,978 sq ft
Appliances: Gas Oven
Flooring: Laminate, Tile, Wood
Cooling: None

Exterior & lot

Lot size: 0.129 acres (5,619 sq ft)
Year built: 1953
Parking: Off Site
Parking spaces: 2

Community

Area: 699 - Not Defined
County: Santa Cruz

Listing details

Status: Active
Property type: Quadruplex
Days on market: 3
Listed: 2026-07-21
Parcel #: 00617134000
MLS #: ML82051773

Listed by

Anson Ip · Compass

408-221-7887 anson.ip@compass.comDRE #01413912

Location

Price history

Listed: $2,480,000 · 2026-07-21
Days on market: 3
Current price: $2,480,000

Financing

Could this home be yours?

Estimated monthly payment

$15,558

$12,540 principal & interest · $3,017 taxes & insurance

Down payment (20%)

$496,000

Est. rate (%)

Estimate only

Term (years)

Loan $1,984,000

Estimates only and not a loan offer. Property tax and insurance vary by location. Get pre-qualified below for your actual rate and payment.

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Listing data provided by CRMLS

Listing courtesy of Compass. © 2026. The multiple listing data appearing on this website is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the consumer may be interested in purchasing. All data, including but not limited to all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed. Last updated July 26, 2026 Equal Housing Opportunity.