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

121 Anchorage Avenue, Santa Cruz, California 95062 home-pic-0

121 Anchorage Avenue

Santa Cruz, California 95062

ACTIVE
CONDITION: GOOD
1Beds
2Baths
1,130Sq Ft
2,570Lot Size

Property Price

LIST PRICE$1,795,000
EST. MARKET VALUE
$1,855,760
3% BelowMARKET VALUE

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

$1,855,760 +$60,760 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Santa Cruz.

Comparable Sales Map

Comparables within 1 miles sold in recently

Address Sold Price BedsBathsSq Ft$/SqftDistance
121 Anchorage Avenue
Subject
$1,795,000*
List Price
121,130$1,642-
A
410 35th Avenue
Sold
$1,950,000231,216$1,6040.3 mi

* Subject property listed price vs sold prices of comps.

Condition Analysis

OVERALL CONDITION SCORE

Good
TeardownExcellent

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

6/10

Mission Hill Middle School

Grades 6-8 • 3.7 mi

6/10

Harbor High School

Grades 9-12 • 2.4 mi

7/10

Sensitive Facilities

No sensitive facilities data found.

Neighborhood Comparison

FeatureSubjectAverage HomeNeighborhood Ranking (50 Listings)
Beds1.03.0
6%
Baths2.02.0
50%
Square foot1,1301,499
21%
Lot Size2,5705,271
15%
Price$1.79M$1.47M
63%
Price per sq ft$1.6K$1.0K
75%
Built year20041962
92%
HOA$0$0
50%
Days on market21155
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

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