1024 Webster Street, Santa Cruz, California 95062, Santa Cruz, 95062 - 4 bed, 4 bath
1024 Webster Street
Santa Cruz, California 95062
Property Price
SUMMARY
Analysis of 1024 Webster Street, Santa Cruz, California 95062 reveals a property with a current list price of $1,300,000, which is 5% above the estimated $1,233,864 Fair Market Value. Buyers should carefully evaluate the pricing and consider negotiation opportunities. The property maintains a Tear down Condition Rating (10/100), reflecting significant deferred maintenance. This property is best suited for experienced investors or developers prepared for substantial renovation work. Located in a high-demand neighborhood within the Santa Cruz Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for Experienced Investors and Fix-and-Flip Specialists.
Estimated Market Value
Condition Analysis
OVERALL CONDITION SCORE
Property is land value only, full reconstruction required.
The property is explicitly marketed as a 'rebuild opportunity' with 'fully approved plans and permits for a full rebuild,' indicating the existing structure likely requires demolition or extensive renovation. The listing states it is 'not move-in ready' and its value is based on the land and development potential, not the current dwelling. No interior images are provided, further supporting the assessment that the existing structure is not considered habitable or valuable in its current state.
PROSSTRENGTHS & OPPORTUNITIES
- High Available Lot Utilization
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 12284, living area = 2275.
- Exceptional Location
Prime Santa Cruz location in a coveted neighborhood, less than 2 miles from Twin Lakes Beach and East Cliff Drive, offering desirable coastal access.
- Pre-Approved Development Plans
Comes with fully approved plans and permits for a complete rebuild, significantly reducing development timelines and associated risks for the buyer.
CONSRISKS & DEFICIENCIES
- Requires Full Rebuild
The property is explicitly marketed as a 'rebuild opportunity,' indicating the existing structure likely requires demolition or extensive renovation, necessitating significant additional capital investment beyond the purchase price.
- No Immediate Occupancy
Given the requirement for a full rebuild, the property is not move-in ready, which may be a drawback for buyers seeking immediate housing solutions.
- Substantial Total Investment
The current list price, combined with the considerable cost of a full rebuild, represents a significant total investment, potentially limiting the buyer pool to those with substantial development capital.
About 1024 Webster Street
Opportunity knocks at 1024 Webster! Prime Santa Cruz location, a coveted neighborhood, a huge lot, and so much potential. Property is being sold with fully approved plans and permits for a full rebuild. Survey and all county requirements for rebuilding are complete and records regarding the same are available. In-ground pool is already in place and being maintained regularly. The property offers multiple areas for fruit trees, gardening, expanding the additional dwelling unit, and a rose garden. Less than 2 miles to Twin Lakes Beach and East Cliff Drive, this property is the perfect place to build your Santa Cruz dream home. Break ground with the plans available and approved, or create your own for multi-generational living, multiple units, and more - the options are endless at 1024 Webster!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1984
- Lot Size
- 12,284 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 4 (4 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 83% |
| Baths | 4.0 | 2.0 | 90% |
| Square foot | 2,275 | 1,565 | 77% |
| Lot Size | 12,284 | 5,336 | 90% |
| Price | $1.30M | $1.46M | 31% |
| Price per sq ft | $571 | $986 | 8% |
| Built year | 1984 | 1962 | 73% |
| HOA | $0 | $0 | 50% |
| Days on market | 240 | 164 | 83% |
Pricing History
Listed for Sale
Jan 1, 2026
$1,300,000
$1,199,000
+8% Price Increase
Initial Listing
Price Change
Jul 10, 2025
$1,199,000
Initial Listing