
Santa Cruz, California 95062
This Multi-Unit Residential Asset is a High-Potential Investment Opportunity, listed at $1,876,000—positioned above the $1,817,504 Fair Market Value. While not a discount buy, the property offers significant utility through its 3-unit configuration and separate PG&E meters, ideal for multi-generational living or rental income. With a Condition Rating of 4, the home retains Vintage Architectural Charm but requires modernization. Its prime location near the Santa Cruz harbor ensures long-term demand. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a versatile, income-generating property.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1006 Seabright Avenue Subject | $1,876,000* List Price | 3 | 3 | 2,250 | $808 | - |
A 928 Windham Street Sold | $1,632,000 | 3 | 2 | 1,705 | $957 | 0.2 mi |
B 304 Harbor Drive Sold | $1,650,000 | 4 | 3 | 2,561 | $644 | 0.3 mi |
C 356 Chilverton Street Sold | $1,630,000 | 3 | 2 | 1,693 | $963 | 0.9 mi |
D 425 Logan St Sold | $1,675,000 | 3 | 3 | 1,750 | $957 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1946, the property is well-maintained but significantly dated. The kitchen and bathrooms are largely original or feature older renovations (>20 years), including original tile counters and vintage fixtures. While there are some cosmetic updates like newer flooring and lighting, the primary systems and aesthetics require modernization to meet current standards.
The property features three distinct living spaces, including a 2-bedroom bungalow, a legal 1-bedroom addition, and a detached cottage, all with separate PG&E meters, making it ideal for rental income or multi-generational living.
Situated in the highly coveted Seabright neighborhood, the home offers exceptional proximity to the Santa Cruz harbor, beaches, and local amenities, ensuring strong long-term desirability and value.
The 1946 bungalow retains high-quality original details such as hardwood floors, a dramatic Deco stucco arch, and classic tile work, providing a unique aesthetic character that is rare in the current market.
With many 'original' features from 1946 and the 1960s, the kitchens and bathrooms may require significant modernization to meet the expectations of contemporary luxury buyers.
Listed at nearly $1.9M, the property represents a significant investment for a home of this vintage, potentially requiring additional capital for deferred maintenance or system upgrades.
Seabright is one of the most desirable areas and super convenient to everything including the harbor & beaches. 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 3 units have their own separate PG&E meters with 2 sep gas meters. Great comfortable separation of living spaces for multi-generational living.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 3.0 | 2.3 |
| Square foot | 2,250 | 1,697.986 |
| Lot Size | 7,841 | 6,864.608 |
| Price | $1.88M | $1.63M |
| Price per sq ft | $834 | $940 |
| Built year | 1946 | 1973 |
| HOA | $0 | $352 |
| Days on market | 6 | 38 |
Sep 3, 2026
$1,876,000
Initial Listing