1703 E Cliff Drive, Santa Cruz, California 95062, Santa Cruz, 95062 - 0 bed, 0 bath
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Santa Cruz, California 95062
Analysis of 1703 E Cliff Drive, Santa Cruz, California 95062 is currently available with a list price of $6,999,000. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. 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.
Property is new construction or fully renovated.
Despite the 1935 build date, the property presents in mint condition following a very recent renovation (likely <5 years). Interior images show brand new carpeting, fresh paint, modern light fixtures, crown molding, and updated windows. The exterior stucco, composite decking, and tile work are well-maintained with no visible deferred maintenance, meeting the criteria for a high-end renovated asset.
Situated on the 'Front Row' directly overlooking Seabright State Beach, this property occupies one of the most coveted coastal positions in Santa Cruz, nestled between the Yacht Harbor and the Beach Boardwalk.
The property offers unobstructed, panoramic vistas of Monterey Bay from sunrise to sunset, providing a rare and high-value visual experience that commands premium rental rates.
As a rare four-unit residential income property in a high-demand coastal zone, it provides a versatile investment opportunity for long-term wealth building or a multi-family compound.
Built in 1935, the structure likely requires significant capital expenditures for modernizing utility systems, seismic retrofitting, and general maintenance to meet contemporary luxury standards.
The current list price represents a substantial increase over the 2023 sale price of $2.669M, which may challenge appraisal values and impact the immediate capitalization rate for investors.
Spectacular Front Row 4 unit Apartment Building directly overlooking Seabright State Beach aka "Castle Beach." Magnificent vistas across Monterey Bay from sunrise to sunset. Located in lovely Lower Seabright positioned between the Yacht Harbor and the Beach Boardwalk. This is paradise!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 4,754 | 2,632 | 67% |
| Lot Size | 7,057 | 6,752 | 67% |
| Price | $7.00M | $2.84M | 67% |
| Price per sq ft | $1.5K | $1.1K | 67% |
| Built year | 1935 | 1964 | 33% |
| HOA | $0 | $0 | 50% |
| Days on market | 30 | 173 | 33% |
May 7, 2026
$6,999,000
Initial Listing
Sep 15, 2023
$2,669,000
Public Record