121 Anchorage Avenue, Santa Cruz, California 95062, Santa Cruz, 95062 - 1 bed, 2 bath

121 Anchorage Avenue
Santa Cruz, California 95062
Property Price
SUMMARY
Analysis of 121 Anchorage Avenue, Santa Cruz, California 95062 reveals a Prime Investment Opportunity with a current list price of $1,795,000—significantly undercutting the $1,855,760 Fair Market Value by 3%. This valuation gap indicates a +$60,760 Instant Equity potential for buyers. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. 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 both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 121 Anchorage Avenue Subject | $1,795,000* List Price | 1 | 2 | 1,130 | $1,642 | - |
A 410 35th Avenue Sold | $1,950,000 | 2 | 3 | 1,216 | $1,604 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is move-in ready.
Built in 2004, this property is move-in ready and falls within the 20-year age bracket for a 'good' rating. The kitchen has been updated with quartz countertops and new appliances. The home features high-quality finishes such as radiant heated flooring, high ceilings, and a well-maintained exterior. While not a full recent renovation, the selective updates and excellent maintenance of major systems ensure it meets modern standards without immediate repair needs.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Coastal Location
Situated in the heart of Pleasure Point, the property is just steps from world-class surf breaks and scenic beaches, offering an unparalleled lifestyle for coastal enthusiasts.
- Modern Custom Design
Built in 2004, the home features a thoughtful reverse floorplan to maximize ocean views, complemented by high ceilings, radiant heated flooring, and high-end kitchen finishes.
- Functional Outdoor Living
The low-maintenance yard is perfectly equipped for beach living with an outdoor shower, a finished shed, and a private patio off the primary suite.
CONSRISKS & DEFICIENCIES
- Limited Bedroom Count
With only one formal bedroom, the property may have limited appeal for families or buyers requiring dedicated guest space, despite the premium price point.
- Compact Living Space
The modest 1,130 square footage and small lot size may feel restrictive for buyers seeking more interior volume or significant outdoor garden space.
About 121 Anchorage Avenue
Unbeatable Pleasure Point location- just steps from iconic surf breaks, beaches and scenic coastal paths. Surf the Point or Rockview in only a 3 minute walk. Stroll just 6 minutes to Moran Beach to watch the sunset. Or head to East Cliff to walk the bluffs. Despite the easy access, this home is situated on a less traveled street where there is a sense of community and neighbors know each other. It is truly a special location. The home itself was custom built in 2004 with a reverse floorplan to capture ocean views down Rockview. The upstairs living area features high ceilings, abundant natural light & a freestanding gas fireplace. The kitchen boasts quartz countertops & new appliances. Step on to the deck to relax and listen to the waves or watch your pet play in the yard. Downstairs, the spacious primary suite opens to a private patio. A cozy second room works well as an office or for a daybed. Radiant heated flooring runs throughout. Outside, the fenced low maintenance yard is ideal for coastal living, complete with an outdoor shower and finished shed. Park your car in the backyard and leave it there. Bike to coffee or restaurants in only 4 minutes, or organic grocery stores in just 8 minutes. This home offers convenience and a relaxed coastal lifestyle- simply move in & enjoy.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 2004
- Lot Size
- 2,570 Sq. Ft.
Interior
- Total Bedrooms
- 1
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Santa Cruz Unified Schools
Branciforte Middle School
Grades 6-8 • 2.7 mi
Mission Hill Middle School
Grades 6-8 • 3.7 mi
Harbor High School
Grades 9-12 • 2.4 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 1.0 | 3.0 | 6% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,130 | 1,499 | 21% |
| Lot Size | 2,570 | 5,271 | 15% |
| Price | $1.79M | $1.47M | 63% |
| Price per sq ft | $1.6K | $1.0K | 75% |
| Built year | 2004 | 1962 | 92% |
| HOA | $0 | $0 | 50% |
| Days on market | 21 | 155 | 4% |
Pricing History
Listed for Sale
Feb 14, 2026
$1,795,000
Initial Listing
Sold
Nov 28, 2022
$1,750,000
Public Record
Sold
Aug 30, 2002
$300,000
Public Record









































