$2,700,000
$250K PRICE DROP

Estimated payment $15,280/month

Total Views 53,863
-- Bed
-- Bath
5,923 Sq Ft
$456 Price per Sq Ft

Highlights

  • 0.42 Acre Lot
  • Wood Flooring
  • 5-minute walk to Who's Your Walkie
  • Westlake Elementary School Rated A-

About This Home

New zoning allows for multi-residential. Rare opportunity to own a piece of Santa Cruz History. Located on a highly visible corner on one of Santa Cruz's most well-traveled roads yet walking distance to downtown restaurants and shops. This spacious Victorian house is currently used as an office and is 4,623 Sq. Ft. plus 200 Sq. Ft. of storage space, includes 6 private offices as well as several meeting rooms and breakrooms. City will allow conversion into multi-family. In addition, there is a separate structure with a legal residential unit on second floor above the private office space offering a great opportunity for live/work or great rental income. Established history with therapy and professional office users and possible uses to include live/work, group home / transitional housing/recovery facility. A total of three parcels included and totaling over 18,000 Sq. Potential to merge lots for future development possibilities. Buyer to verify with City of Santa Cruz for residential and developmental possibilities.

Listing Agent

Anderson Christie

Anderson Christie, Inc. License #01894395 Listed on: 12/12/2024

Co-Listing Agent

David Anderson

Anderson Christie, Inc. License #01819137

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,159

Year Built

  • 1889

Lot Details

  • 0.42 Acre Lot

Home Design

  • 5,923 Sq Ft Home
  • Shingle Roof
  • Composition Roof
  • Concrete Perimeter Foundation

Flooring

  • Wood
  • Carpet

Parking

  • 17 Parking Spaces
  • Uncovered Parking

Community Details

Overview

  • 5,923 Sq Ft Building

Building Details

  • Gardener Expense $4,642
  • Insurance Expense $3,901
  • Maintenance Expense $1,312
  • Other Expense $160
  • Operating Expense $49,015
  • Gross Income $157,020

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,159

Year Built

1889

Lot Details

0

Listing Details

  • Zoning: Commercial
  • Subclass: Multiple Dwellings / Structures
  • Age: 136
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 5923
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1889

Interior Features

  • Living Sq Ft: 5923
  • Security: Security Alarm
  • Flooring: Carpet, Hardwood

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Composition, Shingle

Garage/Parking

  • Parking Spaces: 17
  • Garage Parking Features: Parking Area, Uncovered Parking

Utilities

  • Sewer/Septic System: Sewer - Public

Schools

  • School District: Santa Cruz City Elementary

Lot Info

  • Lot Acres: 0.4150
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 18078.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 18078.00

Rental Info

  • Existing Lease Term(s): Building Vacant
  • Gross Rent Multiplier: 17.20

Multi Family

  • Utilities: Public Utilities
  • Expense Insurance: 3901
  • Expense Landscape: 4642
  • Expense Maintenance: 1312
  • Expenses Other: 160
  • Expenses Total: 49015
  • Income Annual Gross: 157020.00
  • Income Annual Rental: 157020
  • Income Gross Scheduled: 157020
  • Income Includes: Rents
  • Meters: Separate Electric
  • Number Of Buildings: 2
  • Operating Expenses Include: Fee - Property Tax, Insurance, Maintenance, Services - Gardener

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $7,159 $613,611 $253,349 $360,262
2023 $7,075 $589,784 $243,511 $346,273
2022 $6,998 $578,220 $238,737 $339,483
2021 $6,858 $566,883 $234,056 $332,827
2020 $6,806 $561,070 $231,656 $329,414
2019 $6,658 $550,068 $227,113 $322,955
2018 $6,585 $539,283 $222,660 $316,623
2017 $6,503 $528,708 $218,294 $310,414
2016 $6,159 $518,341 $214,014 $304,327
2015 $5,949 $510,555 $210,799 $299,756
2014 $5,852 $500,554 $206,670 $293,884
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/22/2025 07/22/25 Price Changed $2,700,000 -8.5% $456 / Sq Ft
12/12/2024 12/12/24 For Sale $2,950,000 -- $498 / Sq Ft
Source: MLSListings

Purchase History

Date Type Sale Price Title Company
Grant Deed -- Adler & Colvin
Source: Public Records

Source: MLSListings

MLS Number: ML81988389

MLSListings

APN: 006-411-03-000