103 Green Street, Santa Cruz, California 95060, Santa Cruz, 95060 - 6 bed, 6 bath
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103 Green Street
Santa Cruz, California 95060
ACTIVE UNDER CONTRACT
CONDITION: FAIR
6Beds
6Baths
2,997Sq Ft
20,865Lot Size
Property Price
LIST PRICE$2,225,000
EST. MARKET VALUE
$2,225,000
SUMMARY
This High-Potential Investment Opportunity is listed at a List Price of $2,225,000, which aligns with its $2,225,000 Fair Market Value. Featuring a Condition Rating of 4, the property offers a 2,997 sqft layout with 6 bedrooms and 6 bathrooms, each with private exterior access. The expansive 20,865 sqft lot provides significant development upside and rental versatility. This asset is perfectly suited for Buy-and-Hold Investors or Owner-Occupants looking to leverage the property's proximity to UCSC and downtown Santa Cruz for consistent, high-yield income.
Estimated Market Value
$2,225,000
Based on Realkey algorithm analyzing recent comparable sales in Santa Cruz.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 103 Green Street Subject | $2,225,000* List Price | 6 | 6 | 2,997 | $742 | - |
A 416 Spring Street Sold | $1,766,266 | 4 | 3 | 2,110 | $837 | 0.8 mi |
B 350 Highland Avenue Active | $2,750,000 List Price | 4 | 3 | 2,886 | $953 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 1948, this property is functional but dated. The kitchen features older cabinetry and appliances, and the bathrooms show tiling and fixtures likely over 20 years old. While the interior is clean and staged, the core systems and finishes require modernization to move beyond its current rental-grade condition.
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 = 20865, living area = 2997.
- High Income Versatility
With 6 bedrooms and 6 bathrooms featuring private exterior access, the property is perfectly configured for high-yield rental strategies, including student housing, short-term rentals, or multi-generational living.
- Exceptional Lot Size
Situated on nearly half an acre in a prime Santa Cruz location, the expansive 20,865 sqft parcel offers rare outdoor space, privacy, and potential for further development that is difficult to find near the downtown core.
CONSRISKS & DEFICIENCIES
- Market Stagnation
Having spent over 114 days on the market with significant price reductions from the original $2.7M listing, the property may face buyer skepticism regarding its valuation or specific niche utility.
- Vintage Infrastructure
Built in 1948, the property likely requires ongoing capital expenditures for maintenance and modernization of its systems to meet contemporary standards for high-occupancy residential use.
About 103 Green Street
Exceptional investment opportunity in Santa Cruz with strong income history and flexible use potential. Formerly operated as The Adobe on Green, this distinctive property offers character, functionality, and long-term upside in a highly desirable location.The home features 6 bedrooms and 6 bathrooms, plus bonus space, each with private exterior access, an ideal setup for student housing, short-term rentals, or multi-generational living. The unique layout supports multiple income streams while maintaining privacy for occupants. Positioned just above downtown Santa Cruz, the property provides convenient access to local dining, shopping, and entertainment. Minutes to the boardwalk, beaches and UCSC, this location appeals to both residents and renters. Set on a spacious parcel just under half an acre, the property includes multiple outdoor gathering areas and energy-efficient features that enhance livability and operational value. A nearby community garden adds to the neighborhood appeal and lifestyle. A rare opportunity to acquire a property with proven income potential, versatile configuration, and a prime Santa Cruz location.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1948
- Lot Size
- 20,865 Sq. Ft.
Interior
- Total Bedrooms
- 6
- Total Bathrooms
- 6 (6 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 |
|---|---|---|
| Beds | 6.0 | 3.0 |
| Baths | 6.0 | 2.3 |
| Square foot | 2,997 | 1,697.986 |
| Lot Size | 20,865 | 6,864.608 |
| Price | $2.23M | $1.63M |
| Price per sq ft | $742 | $940 |
| Built year | 1948 | 1973 |
| HOA | $0 | $352 |
| Days on market | 131 | 38 |
Pricing History
Listed for Sale
Aug 14, 2026
$2,225,000
$2,600,000
-14% Price Drop
Initial Listing
Price Change
Jun 4, 2026
$2,600,000
$2,700,000
-4% Price Drop
Initial Listing
Price Change
May 1, 2026
$2,700,000
Initial Listing
Sold
Aug 30, 2017
$1,650,000
Public Record
Sold
Jul 29, 2005
$1,525,000
Public Record
Sold
Dec 14, 1998
$5,500
Public Record
Sold
Sep 15, 1998
$1,000
Public Record
Sold
Mar 18, 1994
$370,000
Public Record