2 Monte Verde, Santa Cruz, California 95060, Santa Cruz, 95060 - 5 bed, 5 bath
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Santa Cruz, California 95060
This property presents a High-Potential Investment Opportunity with a List Price of $1,585,000—positioned above the $1,473,727 Fair Market Value. While the property requires a full rehab given its Condition Rating of 5, the Dual-Structure Versatility—featuring a 3-bedroom main house and a 2-bedroom cabin—provides significant rental income potential. The expansive 46,914 sqft lot and elevated views offer a unique canvas for value-add renovations. This asset is an ideal acquisition for Buy-and-Hold Investors or Contractors seeking to restore a Santa Cruz original.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2 Monte Verde Subject | $1,535,000* List Price | 5 | 5 | 3,866 | $377 | - |
A 2004 Ocean Street Sold | $1,159,000 | 4 | 3 | 2,761 | $420 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1976 and nearly 50 years old, the property is in original condition and requires a full rehab. The kitchen is severely dated with missing cabinet faces and old appliances, the flooring is worn, and the exterior wood decking shows signs of significant weathering and potential safety issues. The listing explicitly states the home needs updates and repairs, fitting the criteria for a major restoration project.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 46914, living area = 3866.
The property features two distinct dwellings—a 3-bedroom main house and a 2-bedroom cabin—offering exceptional flexibility for multi-generational living or significant rental income potential.
Situated on over an acre of land in a sought-after Santa Cruz enclave, the lot provides a private, nature-filled setting with mature trees and established space for organic gardening and hobby farming.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 3866, other record living area = 3180. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 5, other record bedroom count = 3.
The home requires updates and repairs throughout, indicating that a buyer will need to budget for substantial renovation costs to bring the structures up to modern standards.
As a hillside property with structures nestled into the slope, the terrain may present challenges regarding accessibility, drainage, and limited flat, usable yard space.
Unique Hillside Property with Cabin + Main House on Ocean Street Extension! Located in one of Santa Cruz's most sought after enclaves, this property offers two structures: A charming 2 bedroom 2 full bath original cabin, built first and nestled into the slope. A larger main house, with 3 bedrooms and 3 full bathrooms was added later, with elevated views and a tree house like feel. Surrounded by mature trees, the setting is quiet, private, and filled with natural light. The land was lovingly used for organic gardening, fruit trees, and keeping chickens, making it ideal for buyers who value space to grow, create, or live close to nature. Summer time you feel community connection as the echo of the roaring camp train announces its arrival into and departing town. The home needs updates and repairs, but the craftsmanship is solid and the potential is exceptional. Whether you're an investor, builder, or homeowner with vision, this is an opportunity to restore a Santa Cruz original on a beautiful piece of land. Excellent multi generational living or rental income potential.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 5.0 | 3.0 |
| Baths | 5.0 | 2.0 |
| Square foot | 3,866 | 1,641 |
| Lot Size | 46,914 | 6,229 |
| Price | $1.53M | $1.57M |
| Price per sq ft | $397 | $939 |
| Built year | 1976 | 1978 |
| HOA | $0 | $288 |
| Days on market | 37 | 37 |
Jul 17, 2026
$1,535,000
$1,585,000
-3% Price Drop
Initial Listing
Jun 16, 2026
$1,585,000
Initial Listing