Beds
Baths
6,338 Sq. Ft.
$505 / Sq. Ft.
6,338
Sq. Ft.
$505
per Sq. Ft.

Description

Located in the desirable Westside neighborhood of Santa Cruz, 234 High Street presents a value-add multifamily investment opportunity. The property consists of two buildings with one studio unit, eight 1-bedroom units, and one 2-bedroom unit. There are seven carport spaces and laundry facilities. 234 High Street is a short distance from downtown Santa Cruz, UC Santa Cruz, and supporting retail.Located in the desirable Westside neighborhood of Santa Cruz, 234 High Street presents a value-add multifamily investment opportunity. The property consists of two buildings with one studio unit, eight 1-bedroom units, and one 2-bedroom unit. There are seven carport spaces and laundry facilities. 234 High Street is a short distance from downtown Santa Cruz, UC Santa Cruz, and supporting retail.
  1. Listed by Joshua Johnson • DRE #01930127 • Brokerage DRE #01240999 • Marcus & Millichap • 650-391-1784

Property Details for 234 High Street

MLS City Name
SANTA CRUZ
Building Type
Other
Garage Spaces
0
Parking Spaces
0
LISTING UPDATED: 04/03/2026 03:47 PM

Property Details for 234 High Street

StatusActive
MLS #ML82041550
Days on Compass24
Taxes$37,645 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family 5+
MLS Type5+ Units / Five or More Units
Year Built1944
Lot Size0.48 AC / 20,778 SF
CountySanta Cruz County

Location

Listing Courtesy of Marcus & Millichap, Joshua Johnson, DRE #01930127
Add your commute

Building Information for 234 High Street

Stories-Residences-Year Built1944Building Size-Lot Size0.48 AC / 20,778 SF

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$19,251 per month

30 year fixed, 6.46% Interest

Principal and Interest

$16,114

Property Taxes

$3,137

HOA Dues

$0

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Property Information for 234 High Street

Features
Features
  • Fireplace: No
  • Living SqFt: 6338
  • Pool: No
  • Security Features: None
  • Special Features: None
Utilities
  • Cooling: None
  • Heating: Forced Air
  • Meters: Master Electric, Master Gas, Master Water
  • Sewer Septic: Sewer - Public
  • Utilities: Natural Gas, Public Utilities
  • Water: Public
Carport and Parking
  • Carport Min: 7
Garage
  • Garage and Parking: Covered Parking, Off-Street Parking
Property Details
Homeowners Association
  • HOA Exists: 0
  • HOA Fee: $0
Property Details
  • Min Num Of Units in Complex: 10
  • Area Text: West Santa Cruz
  • Restrictions: None
  • Roof: Composition
  • Subclass: Five or More Units
  • Year Built Source: Assessor
  • Street Number: 234
  • Street Name: High
  • Street Suffix: Street
  • Area ID: 43
Lot / Property Details
Building Information
  • Number of Buildings: 2
  • Structure SqFt: 6338
  • Structure SqFt Source: Other
  • Age: 82
Development Information
  • Construction Type: Wood Frame
  • Ownership Type: Trust
  • Zoning Detail: R-M Multiple Residence - Medium Density
Location Information
  • City Limits: Yes
  • Incorporated: Yes
  • Parcel Number: 001-111-07-000
  • County Name: Santa Cruz
  • City Name: SANTA CRUZ
  • City Postal ID: 64
  • Postal Code: 95060
  • Elementary School District: 840
  • High School District Text: Santa Cruz City High
Lot Information
  • Foundation: Concrete Perimeter
  • Lot Description: Grade - Varies
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Minimum Units: Square Feet
  • Lot Size Source: Other
Multi Family Information
Building Information
  • No Of Leased: 10
General Information
  • Annual Tax Amount: $37,645
  • Capitalization Rate: 4.15
  • Tenant Expenses: None
  • Income Includes: Rents
  • Vacancy Factor: 3
Income / Expense Details
  • Expense Insurance: $8,000
  • Expense Landscape: $2,000
  • Expense Maintenance: $8,000
  • Expense Management: $14,669
  • Expense Trash: $0
  • Expenses Other: $1,850
  • Expenses Utility: $39,500
  • Expenses Total: $70,314
  • Operating Expenses Include: Fee - Property Management, Fee - Property Tax, Insurance, Maintenance, Services - Gardener, Utilities
  • Gross Rent Multiplier: 12.70
  • Income Annual Gross: $244,481
  • Income Annual Rental: $252,042
  • Income Gross Scheduled: $252,042
  • Income Other: $0
Unit 1 Information
  • Unit 1 Full Bathrooms: 1
  • Unit 1 Number of Bedrooms: 1
  • Unit 1 Rent: $1,600
Unit 2 Information
  • Unit 2 Approx Square Footage: 640
  • Unit 2 Full Bathrooms: 1
  • Unit 2 Number of Bedrooms: 1
  • Unit 2 Rent: $1,670
Unit 3 Information
  • Unit 3 Approx Square Footage: 864
  • Unit 3 Full Bathrooms: 1
  • Unit 3 Number of Bedrooms: 2
  • Unit 3 Rent: $3,150
Unit Type 1
  • Unit Type1 Approx SqFt: 318

Property History for 234 High Street

DateEvent & SourcePriceAppreciation
Apr 3, 2026

Listed (Active)

EBRD #ML82041550

$3,200,000
Apr 3, 2026

Listed (Active)

MLSListings #ML82041550

$3,200,000
Dec 26, 1999

Sold

SMARTMLS #E102984

$150,000
DateEvent & SourcePrice
04/03/2026

Listed (Active)

EBRD #ML82041550

$3,200,000
04/03/2026

Listed (Active)

MLSListings #ML82041550

$3,200,000
12/26/1999

Sold

SMARTMLS #E102984

$150,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 234 High Street

This home is within Santa Cruz City High School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Westlake Elementary School
PublicK to 5

Mission Hill Middle School
Public6 to 8

Harbor High School
Public9 to 12

Santa Cruz High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

Similar Sold Homes

234 High Street is for sale in Santa Cruz, CA 95060. This property was listed for sale on April 3, 2026 by Marcus & Millichap, it's currently listed at $3,200,000. It has been on the market for a total of 24 days and was last sold on December 27, 1999. This listing's school districts are Santa Cruz City High School District, Santa Cruz City Elementary School District. Nearby schools include Westlake Elementary School, Mission Hill Middle School and Harbor High School. 234 High Street is a 0-bed, 0-bath, 6,338 sqft built in 1944.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Marcus & Millichap, Joshua Johnson, DRE #01930127

Based on information from one of the following Multiple Listing Services: San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.