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… Read More 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. Read Less
Property listed by Compass, Anson Ip 310-259-7556
Listing Snapshot
Days Online
17
Last Updated
Property Type
Quadruplex
Square Ft.
3,978
Lot Size
0.13 Acres
Year Built
1953
MLS Number
ML82051773
Additional Details
Appliances & Equipment
GasOven
Building
Built in 1953, Living area: 3978.0, 1 building, 2 stories
Cooling
None
Expenses
Insurance: $10,396, Maintenance: $3,000, Trash: $2,400, Other Expense: $529
Floors
Laminate, Tile, Wood
Foundation
ConcretePerimeter
Garage
2 spaces
Income
Gross ScheduledIncome: $190,020
Lot
0.129 acres
Parking
2 carport spaces, 2 total parking spaces, OffSite
Roof
Composition, Shingle
Sewer
PublicSewer
Taxes
Parcel Number: 00617134000, Annual Amount: $24,356, Zoning: Multi Residential
Utilities
Water Source: Public
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including 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.
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