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1610 Bulb Avenue, Santa Cruz, California 95062, Santa Cruz, 95062 - 2 bed, 1 bath

1610 Bulb Avenue, Santa Cruz, California 95062 home-pic-0
ACTIVE$1,998,000
1610 Bulb Avenue, Santa Cruz, California 95062
2Beds
1Bath
1,029Sqft
13,416Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 13416, living area = 1029.
Top Cons:
Age of Existing Structures: Built in 1947, the current duplex, while charming, is older and may necessitate ongoing maintenance or further modernization to maximize long-term value.

Compared to the nearby listings

Price:$2.00M vs avg $1.88M (+$123,000)59%
Size:1,029 sqft vs avg 1,700 sqft15%
Price/sqft:$1.9K vs avg $1.2K87%

More Insights

Built in 1947 (78 years old).
Condition: The property was built in 1947, making it an older home. While the description mentions a 'beautifully updated bath,' there are no interior images of the kitchen or other living areas to assess their condition, style, or features. The exterior images show older, basic structures and a somewhat unkempt yard. The listing itself notes the 'Age of Existing Structures' as a weakness, suggesting ongoing maintenance or further modernization is needed. Given its age and limited evidence of comprehensive recent renovations beyond one bathroom, the property is considered aged but maintained, requiring minor updates or modernization to meet current standards.
Year Built
1947
Close
-
List price
$2M
Original List price
$2.2M
Price/Sqft
$1,942
HOA
-
Days on market
-
Sold On
-
MLS number
ML82024738
Home ConditionFair
Features
Patio
ViewNeighborhood

About this home

Prime Development property undergoing lot split for potential 10 additional units on back parcel AND & ADU approval on front parcel. Existing charming California 2/1 + 1/1 cottage style duplex carrier sits on the front portion of the property w/ a long driveway for parking & plenty of room for a planned additional 2 bedroom, 2 bath ADU (plans & bid available with sale). Rear parcel will use SB1123 zoned for up to 10 units. Property in total is 13,000+sq.ft., level & adjacent to Capitola! The super cute 2-bedroom, 1-bathroom main house spans 1,029 sq.ft. & features two ground floor bedrooms and a beautifully updated bath w/ tub. Large patio & inside laundry area w/ a washer & dryer. Also existing is a detached 1-bed, 1-bath ADU of approximately 300 sq ft (buyer to verify size), perfect for guest quarters or keep as additional rental income. Both units are fully rented. Exceptional flexibility & upside, this property is ideal for developers, investors, owner-users, or anyone looking to create a multi-unit rental property in one of Santa Cruz's highly desirable neighborhoods. Across from the Capitola Mall. Once completed, property could consist of the existing Duplex, an additional 2/2 ADU, and a 6,000 square foot vacant lot zoned for up to 10 units.

Condition Rating
Fair
The property was built in 1947, making it an older home. While the description mentions a 'beautifully updated bath,' there are no interior images of the kitchen or other living areas to assess their condition, style, or features. The exterior images show older, basic structures and a somewhat unkempt yard. The listing itself notes the 'Age of Existing Structures' as a weakness, suggesting ongoing maintenance or further modernization is needed. Given its age and limited evidence of comprehensive recent renovations beyond one bathroom, the property is considered aged but maintained, requiring minor updates or modernization to meet current standards.
Pros & Cons

Pros

High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 13416, living area = 1029.
High-Density Development Potential: Property is undergoing a lot split for a rear parcel zoned for up to 10 units (SB1123) and has ADU approval for the front parcel, offering significant future growth.
Immediate Rental Income: Features an existing 2-bedroom, 1-bath main house and a detached 1-bedroom, 1-bath ADU, both fully rented, providing instant cash flow.
Prime Location & Large Lot: A spacious, level 13,000+ sq.ft. lot located in a highly desirable Santa Cruz neighborhood, adjacent to Capitola and across from Capitola Mall.
Streamlined Future Development: Plans and bids are available for an additional 2-bedroom, 2-bath ADU, potentially reducing initial planning efforts for the buyer.
Versatile Investment Profile: Ideal for developers, investors, or owner-users seeking a multi-unit rental property with substantial upside potential.

Cons

Age of Existing Structures: Built in 1947, the current duplex, while charming, is older and may necessitate ongoing maintenance or further modernization to maximize long-term value.
Significant Development Investment Required: Realizing the full 10-unit potential and additional ADU will demand substantial capital, time, and management of complex construction and permitting processes.
Ongoing Due Diligence: The property is presented with 'undergoing' and 'planned' approvals, and the ADU size requires buyer verification, indicating the buyer will need to complete significant due diligence and manage the finalization of these processes.

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