
Soquel, California 95073
Huge Price Improvement! An exceptional opportunity awaits with this one-bedroom cottage on a generous lot in a sought-after location, plus an additional structure. The property combines rustic charm with endless possibilities - ideal for investors, developers, or homeowners looking to expand. Current gross income of $4,000/ month! With its prime positioning and development potential, this is a rare find you won't want to miss.
Property is moderate renovation needed.
Originally built in 1942, the property shows signs of a partial renovation likely performed 20+ years ago, evidenced by the white cabinetry and dated tile countertops in the kitchen. While the unit is functional and currently generating income, the small square footage, age of the structure, and the listing's emphasis on 'development potential' and 'investors' indicate that systems and finishes are dated and nearing the end of their effective life.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7362, living area = 528.
The property generates a robust $4,000 monthly gross income, offering immediate cash flow and a high yield for potential investors looking for a turnkey income-producing asset.
Featuring a generous 7,362 sqft lot and an additional structure, this property provides ample space for expansion, ADU development, or a complete residential rebuild in a sought-after area.
At just 528 square feet, the primary cottage is exceptionally small, which may limit the pool of traditional owner-occupant buyers and complicate certain financing options.
With over 330 days on the market and multiple significant price reductions from the original $999,000, the property has faced challenges in aligning with buyer value expectations.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 1.0 | 3.3 |
| Baths | 1.0 | 2.9 |
| Square foot | 528 | 2,076.5 |
| Lot Size | 7,362 | 20,554.014 |
| Price | $850.0K | $1.43M |
| Price per sq ft | $1.6K | $768 |
| Built year | 1942 | 1981 |
| HOA | $0 | $108 |
| Days on market | 355 | 54 |
May 15, 2026
$850,000
$899,000
-5% Price Drop
Initial Listing
Apr 19, 2026
$899,000
$929,000
-3% Price Drop
Initial Listing
Mar 13, 2026
$929,000
$979,000
-5% Price Drop
Initial Listing
Jan 8, 2026
$979,000
$999,000
-2% Price Drop
Initial Listing
Nov 3, 2025
$999,000
Initial Listing
Dec 24, 2009
$300,000
Public Record