103 Green Street, Santa Cruz, California 95060, Santa Cruz, 95060 - 6 bed, 6 bath
Loading property details...
Santa Cruz, California 95060
This property presents a High-Potential Investment Opportunity with a List Price of $2,600,000—positioned slightly above the $2,563,125 Fair Market Value. While not a discount buy, the property offers a stable entry into the Santa Cruz market. Featuring a 6-bedroom, 6-bathroom configuration with private exterior access, this Fair Condition Rating asset is optimized for high-yield rental income. The expansive 20,865 sqft lot provides significant long-term utility. This is a strategic acquisition ideal for Buy-and-Hold Investors or Multi-Generational Homeowners seeking versatile, income-generating real estate.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 103 Green Street Subject | $2,600,000* List Price | 6 | 6 | 2,997 | $855 | - |
A 350 Highland Avenue Active | $2,845,000 List Price | 4 | 3 | 2,886 | $986 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1948, this property is well-maintained but dated. The kitchen and bathrooms feature Saltillo tile countertops and older cabinetry with visible wear, suggesting a renovation likely 15-25 years old. While functional and move-in ready for an investment/rental use, the property requires cosmetic updates and likely system modernizations to meet current market standards for a primary residence.
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.
The unique 6-bedroom, 6-bathroom configuration with private exterior entrances for each unit makes this an ideal turnkey investment for student housing, short-term rentals, or multi-generational living.
Situated just above downtown Santa Cruz, the property offers exceptional proximity to UCSC, local beaches, and the boardwalk, ensuring high tenant demand and long-term desirability.
With 80 days on the market and a recent $100,000 price reduction, the property may be facing challenges regarding its initial valuation or specific buyer hesitation in the current interest rate environment.
Built in 1948, the aging structure and specialized layout may require significant ongoing maintenance or capital improvements to modernize systems and meet contemporary building standards.
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.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 6.0 | 3.0 |
| Baths | 6.0 | 2.0 |
| Square foot | 2,997 | 1,641 |
| Lot Size | 20,865 | 6,229 |
| Price | $2.60M | $1.57M |
| Price per sq ft | $868 | $939 |
| Built year | 1948 | 1978 |
| HOA | $0 | $288 |
| Days on market | 83 | 37 |
Jun 4, 2026
$2,600,000
$2,700,000
-4% Price Drop
Initial Listing
May 1, 2026
$2,700,000
Initial Listing
Aug 30, 2017
$1,650,000
Public Record
Jul 29, 2005
$1,525,000
Public Record
Dec 14, 1998
$5,500
Public Record
Sep 15, 1998
$1,000
Public Record
Mar 18, 1994
$370,000
Public Record