216 Cypress Avenue, Santa Cruz, California 95062, Santa Cruz, 95062 - 0 bed, 0 bath
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Santa Cruz, California 95062
This coastal duplex represents a High-Potential Investment Opportunity, listed at $1,350,000—positioned well below the $1,404,602 Fair Market Value by 3%. This valuation gap provides $54,602 in Instant Equity. Featuring an Excellent Condition Rating with modern kitchen and bath updates, this turnkey duplex offers immediate rental versatility just 1.5 blocks from the beach. With ocean views and private patios, this property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a high-demand coastal asset.
Property is move-in ready.
While the structure dates back to 1923, both units in this duplex have undergone significant updates. The kitchens and bathrooms are remodeled with modern finishes like subway tile and stainless steel fixtures, and the interior features fresh paint and updated flooring. It is well-maintained and move-in ready.
Situated just 1.5 blocks from the beach on a quiet one-way street, this property offers an exceptional location in one of Santa Cruz's most desirable neighborhoods with minimal traffic.
Both units in this duplex feature modern updates, including renovated kitchens, remodeled bathrooms, and fresh paint, offering immediate move-in readiness for owners or tenants.
With a history of short-term rental use, ocean views from the front unit, and private fenced outdoor spaces for both units, the property provides flexible opportunities for high-yield rental income.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 900, other record living area = 720.
The property offers street parking only, which can be a significant drawback for residents and guests in a high-demand beach area where parking is often limited.
With a total of only 900 square feet divided between two units, the individual living areas are quite small, which may limit the pool of long-term tenants or buyers.
Coastal living at one of the most sought after locations in Santa Cruz. This adorable cottage style duplex is just one and a half blocks to the beach in a perfect location to own a multi-unit property.. Ocean views from the front unit's fenced patio. The front unit has an updated kitchen, bathroom, and has fresh paint. Back unit was previously a STR with a small fenced yard and patio and has an updated kitchen, flooring, remodeled bath, and has fresh paint. Street parking only. Cypress Avenue is a one way street so beach traffic is minimal. Photos from the back unit were previously used for the STR.
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 | 900 | 1,696 | 33% |
| Lot Size | 1,830 | 4,312 | 33% |
| Price | $1.35M | $1.35M | 50% |
| Price per sq ft | $1.5K | $1.1K | 67% |
| Built year | 1923 | 1964 | 33% |
| HOA | $0 | $0 | 50% |
| Days on market | 14 | 182 | 33% |
Jun 1, 2026
$1,350,000
Initial Listing
Aug 29, 2014
$850,000
Public Record