
Santa Cruz, California 95060
This Turnkey Quadruplex represents a Strong Value Opportunity, listed at $2,695,000—positioned slightly above the $2,586,735 Fair Market Value. While the list price reflects a premium, the property’s Condition Rating of 3 and versatile configuration—including a Victorian house and cottage—ensure immediate rental stability. With energy-efficient upgrades and a prime location near downtown Santa Cruz, this asset offers significant long-term potential. It is an ideal acquisition for Buy-and-Hold Investors seeking a high-quality rental portfolio or Owner-Occupants looking to offset mortgage costs through multi-unit income.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 130 Market Street Subject | $2,695,000* List Price | 0 | 0 | 3,744 | $691 | - |
A 257 High Street Active | $2,480,000 List Price | 0 | 0 | 3,978 | $623 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 1908 but meticulously maintained and updated. Kitchens feature modern shaker cabinets and stone counters, while systems include energy-efficient upgrades like tankless water heaters. The interiors show recent paint, refinished hardwoods, and new carpeting, placing the renovations within the 5-15 year range.
The property features four distinct residential structures, including a Victorian house and a cottage, offering rare flexibility for owner-occupants, multi-generational living, or a diversified investment portfolio.
Meticulously maintained and updated with energy-efficient improvements, the units are move-in ready, reducing immediate capital expenditure and lowering utility costs for tenants.
Boasting a high walkability score near downtown Santa Cruz, the pier, and beaches, the location ensures consistently low vacancy rates and strong demand from high-quality tenants.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 3744, other record living area = 1382.
Originally constructed in 1908, the age of the structures may necessitate higher long-term maintenance costs and specialized care for vintage systems compared to modern builds.
At a list price of $2.695 million, the significant initial capital requirement may challenge immediate cash-on-cash returns for investors despite the potential for future rent increases.
Outstanding turnkey fourplex investment opportunity in central Santa Cruz! All units have been tastefully updated and meticulously maintained. The property features 4 separate structures including a beautifully updated 3 bedroom Victorian house, a 2-bedroom cottage, a duplex with 1 bedroom and 3 bedroom units, a separate 4 bay garage building with supplemental living space over the garages, and off-street parking. The large nicely landscaped lot provides ample opportunities for tenants to enjoy outdoor living spaces. Many energy efficiency improvements help keep utility costs low for tenants. Ideal location near downtown with a high walkability score offers tenants easy access to restaurants, shops, Highway 1, the pier, the Boardwalk, and beaches. This is a unique opportunity for an investor looking for a high-quality long-term investment with a strong rental history, very low vacancy rates, and financial upside potential through rent rate increases and the possibility of an ADU conversion per current state and local ADU regulations. The property is also perfect for an owner occupant to reside in a beautiful 3-bedroom, two-bath home while enjoying extra income from the other units, OR for a multi-generational family compound. Bring your investors and owner-occupant clients!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 0.0 |
| Baths | 0.0 | 0.0 |
| Square foot | 3,744 | 2,195.333 |
| Lot Size | 12,632 | 6,650.333 |
| Price | $2.69M | $1.64M |
| Price per sq ft | $720 | $773 |
| Built year | 1908 | 1979 |
| HOA | $0 | $0 |
| Days on market | 35 | 51 |
Aug 5, 2026
$2,695,000
Initial Listing
Sep 29, 2010
$891,500
Public Record
Aug 31, 2010
$1,114,000
Public Record
Aug 31, 2006
$1,259,000
Public Record