125 Lee Street, Santa Cruz, California 95060, Santa Cruz, 95060 - 1 bed, 1 bath
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125 Lee Street
Santa Cruz, California 95060
ACTIVE
CONDITION: GOOD
1Beds
1Baths
677Sq Ft
6,142Lot Size
Property Price
LIST PRICE$899,500
EST. MARKET VALUE
$915,518
SUMMARY
This Single Family Residence represents a Strong Value Opportunity, listed at $899,500—positioned well below the $915,518 Fair Market Value by 1.75%. This valuation gap offers $16,018 in Instant Equity. Featuring a Condition Rating of 3, the cottage is move-in ready with modern updates. The 6,142 sqft lot with alley access provides significant Development Potential for an ADU. This property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a high-growth Santa Cruz asset.
Estimated Market Value
$915,518
Based on Realkey algorithm analyzing recent comparable sales in Santa Cruz.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
While originally built in 1942, the cottage has undergone a significant recent renovation. The kitchen features modern white shaker cabinets, stone countertops, and updated appliances. The interior has new flooring and fresh paint, making it move-in ready. The presence of an older wall heater and the home's age keep it from an 'Excellent' rating, but it is very well-maintained.
PROSSTRENGTHS & OPPORTUNITIES
- Development Potential
The generous 6,142 sqft lot with alley access provides significant opportunity for expansion, including the potential to add an ADU or a larger primary residence while utilizing the existing cottage.
- Prime Eastside Location
Situated in a highly desirable Santa Cruz neighborhood, the property offers excellent proximity to downtown amenities, local eateries, shopping, and convenient commuter access.
- Turn-key Condition
The cottage has been thoughtfully updated to provide a bright, open, and modern living environment, making it an attractive move-in ready option for buyers seeking immediate occupancy.
CONSRISKS & DEFICIENCIES
- Limited Living Space
With only 677 square feet and a single bedroom, the current structure offers a very small footprint that may not meet the needs of families or those requiring a home office.
- High Price per Square Foot
At a list price of $899,500, the property commands a significant premium per square foot, reflecting that the value is heavily weighted toward the land and future development potential rather than the existing dwelling.
About 125 Lee Street
Eastside Cottage With Room To Grow! This sweet 1Bd. 1Ba. will surprise you! It is bright, updated, and feels very open. It is at the forefront of the lot so there is a long driveway to the detached one- car garage, and big open space in the back of the lot. The lot backs up to alley access. Maybe add another home in the back, and make the cottage an ADU? Or add on to this charming cottage, and build a large garage in the back? Maybe you always wanted a sunny open lot to plant those fruit trees? The convenient location offers quick access for commuting, or head to downtown for the live music, eateries, and shopping. Come explore and see what you think!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1942
- Lot Size
- 6,142 Sq. Ft.
Interior
- Total Bedrooms
- 1
- Total Bathrooms
- 1 (1 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 | 1.0 | 3.0 |
| Baths | 1.0 | 2.2 |
| Square foot | 677 | 1,703.516 |
| Lot Size | 6,142 | 6,974.558 |
| Price | $899.5K | $1.64M |
| Price per sq ft | $1.3K | $944 |
| Built year | 1942 | 1972 |
| HOA | $0 | $984 |
| Days on market | 24 | 43 |
Pricing History
Listed for Sale
Sep 30, 2026
$899,500
Initial Listing