1006 Seabright Avenue, Santa Cruz, California 95062, Santa Cruz, 95062 - 0 bed, 0 bath
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Santa Cruz, California 95062
This property presents a High-Potential Investment Opportunity with a List Price of $1,947,500—positioned well below the $2,190,062 Fair Market Value by 11%. This valuation gap offers $242,562 in Instant Equity for buyers. Featuring a 2-bedroom main house and a legal detached cottage, the property offers significant Multi-Unit Income Potential. With a Condition Rating of 5, the home requires modernization, making it an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a value-add project in the prime Seabright neighborhood.
Property is extensive renovation needed.
Built in 1946, the property features an original kitchen and bathrooms that are nearly 80 years old. While the home is well-maintained with some newer flooring and a retro stove, the primary systems and wet areas are well beyond the 30-year threshold and require a full rehab to meet modern standards.
The property features a 2-bedroom main house, a 1-bedroom secondary unit, and a legal detached cottage, offering exceptional flexibility for multi-generational living or high rental yield with separate utility meters.
Situated in the highly coveted Seabright neighborhood, the home is ideally located near the Santa Cruz Harbor and beaches, providing a premium lifestyle and strong long-term appreciation potential.
The 1946 bungalow retains its original charm with beautiful wood floors, dramatic Deco stucco arches, and vintage three-color tile counters, appealing to buyers who value architectural authenticity.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2250, other record living area = 1067.
While charming, the original 1940s kitchen and bathroom fixtures likely require significant capital investment to meet modern luxury standards and functional expectations.
Managing three separate structures on an oversized lot increases the scope and cost of ongoing maintenance, particularly for aging systems across multiple units built in different eras.
So much to love about this 1946 post WW2 Santa Cruz bungalow. The moment you walk into the front door of the 2-bedroom front home you'll be greeted with beautiful original wood floors & the dramatic Deco stucco arch! This home retains a lot of its original lovely details. The kitchen is a step back to a different time. You'll be amazed at the original 3 color tile counters & new retro gas stove that brings the charm up! Flooring in the kitchen & laundry room is new but in keeping with the style of the home. BR's have walk-in closets. The bathroom is original with new flooring & lighting. The back 1960's 1-bedroom has newer high-quality laminate floors thru out & newer carpet in the bedroom. This home is a legal 1-bedroom. Home has high open living room ceilings with its own fireplace. The large kitchen/dining room has a door to access its own private yard area. The separate legal detached cottage has a charming kitchen & full bath. Lot is oversized with a large full size 2 car garage, with second washer/dryer hookups. All units have their own separate PG&E meters with 2 separate gas meters. Great comfortable separation of living spaces for multi-generational living. Seabright is one of the most desirable areas and super convenient to everything including the harbor & beaches.
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 | 2,250 | - |
| Lot Size | 7,841 | - |
| Price | $1.95M | $1.54M |
| Price per sq ft | $866 | $948 |
| Built year | 1946 | 0 |
| HOA | $0 | $0 |
| Days on market | 24 | 272 |
Jun 29, 2026
$1,947,500
Initial Listing