247 High St
Santa Cruz, CA 95060 Westside

›	The boutique infill project is a three-story, seven-unit building with a minimum of 27 leasable beds (singles & doubles), designed specifically for the UCSC off-campus student housing market approximately one-mile from campus that commands rental premiums unavailable to traditional multifamily assets.
›	Five three-bedroom units operate on a per-bed lease model and will be fully furnished—the institutional student housing standard. Two one-bedroom units lease conventionally (including 1 affordable unit) or accommodate furnishings for another per bed lease model.
›	Per-bed leasing produces nearly double the income of a conventional unit lease on the same floor plan—typical 3-bedroom, 2-bath unit generating $4,800/month by the unit produces $9,000/month by the bed — same walls, very different returns.
›	Each room incorporates queen loft beds with desks underneath to maximize individual workspace and comfort, elevating the development’s appeal beyond the larger developments with "institutional friction"—slow communication, generic impersonal management, and crowded rooms with the small twin XL beds.   
›	Project is in final stages of building permit review and ready to break ground, eliminating the most significant timeline and cost risk for the buyer. Estimated 12-month construction timeline. Estimate to stabilization 6-months.
›	A strategically located asset that captures the highest-demand renter pool by bridging the gap between campus and the downtown core, ensuring premium rents and maximum occupancy. This prime position located on the primary artery to UCSC offers tenants immediate walkable access to downtown amenities while eliminating the campus commute barrier.
›	Frictionless connection to UCSC, the bus stop across the street completely neutralizes the parking, traffic and expense constraints typical of Santa Cruz. It guarantees a captive, car-free student tenant base and ensures the highest possible per-bed ROI by turning transit access into a premium, marketable amenity.
›	Strong existing student housing comparable rental rates as evidenced by Market Positioning Brochure.