1331 Webster Street, Santa Cruz, California 95062, Santa Cruz, 95062 - 3 bed, 2 bath
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Santa Cruz, California 95062
This property presents a High-Potential Investment Opportunity with a List Price of $999,000—positioned well above the $887,507 Fair Market Value by -12%. Featuring a Fair Condition Rating and a 11,935 square-foot lot, this 1931 Spanish Revival home requires a comprehensive renovation to modernize its aging systems. The expansive lot provides significant upside for expansion or ADU development. This asset is a strategic acquisition ideal for Fix-and-Flip Investors or Contractors seeking a value-add project in a prime Santa Cruz location.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1331 Webster Street Subject | $999,000* List Price | 3 | 2 | 1,183 | $750 | - |
A 1515 Brommer Street Sold | $950,000 | 4 | 2 | 1,434 | $662 | 0.6 mi |
B 3620 Gross Road Active | $1,190,000 List Price | 3 | 2 | 1,219 | $976 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1931 and held as a rental for over 30 years without significant updates, this property is marketed specifically to contractors and investors for restoration or redevelopment. While the owners are adding minor cosmetic bathroom updates, the age of the structure (>90 years) and the call for a total remodel suggest that major systems and the kitchen/baths are well beyond their functional lifespan and require a full rehab.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 11935, living area = 1183.
The property sits on a generous 11,935 square-foot lot, offering rare potential for expansion, luxury landscaping, or the addition of an accessory dwelling unit (ADU) in a desirable Santa Cruz location.
This 1931 Spanish Revival home offers timeless aesthetic appeal and historical charm, providing a unique and sought-after foundation for a high-end restoration.
After serving as a rental for over 30 years, the home requires significant renovation and capital investment to address aging systems and aesthetic updates.
With only 1,183 square feet of living space for a three-bedroom home, the current interior layout may feel cramped and necessitates an expansion to meet modern lifestyle expectations.
Attention handy homeowners ready to build equity, Contractors, Investors, Built in 1931 and owned by the same family for over 90 years, this classic Spanish Revival home is ready for its next chapter. Having served as a rental property for the past 30+ years, the home offers an incredible opportunity for someone with vision to restore, remodel, expand, or redevelop. The owners are currently completing improvements, including a new shower enclosure and new bathroom flooring. Situated on a generous 11,935 square-foot lot, the possibilities are endless. Move in and enjoy the home's character while planning future improvements,
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,183 | 1,641 |
| Lot Size | 11,935 | 6,229 |
| Price | $999.0K | $1.57M |
| Price per sq ft | $844 | $939 |
| Built year | 1931 | 1978 |
| HOA | $0 | $288 |
| Days on market | 16 | 37 |
Jul 7, 2026
$999,000
Initial Listing
Jul 26, 2002
$200,000
Public Record