2606 Paul Minnie Avenue, Santa Cruz, California 95062, Santa Cruz, 95062 - 3 bed, 1 bath
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Santa Cruz, California 95062
Analysis of 2606 Paul Minnie Avenue, Santa Cruz, California 95062 is currently available with a list price of $1,200,000. The property maintains a Tear down Condition Rating (10/100), reflecting significant deferred maintenance. This property is best suited for experienced investors or developers prepared for substantial renovation work. 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 Experienced Investors and Fix-and-Flip Specialists.
Property is land value only, full reconstruction required.
The property, built in 1909, is explicitly marketed as a 'proposed development site' for a mixed-use project. The listing details and property analysis clearly state that the existing 1909 single-family residence implies the need for 'demolition and extensive site preparation.' The provided image is a site plan for the new development, not photos of the existing house, further confirming that the current structure is intended for removal. This aligns perfectly with the 'tear-down' criteria, where the property's value is based solely on the land and its potential for redevelopment.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 27269, living area = 1260.
The property is explicitly positioned as a 'highly promising opportunity for a mixed-use project' with a 'tentative plan' for 15 residential units and 2 commercial buildings, offering significant future value and diverse revenue streams.
Situated in Santa Cruz, a highly desirable coastal city known for strong real estate demand, enhancing the appeal for both residential and commercial components of the proposed development.
The 'proposed development' and 'tentative plan' status indicates that the necessary permits and approvals for the 15 residential units and 2 commercial buildings are not yet secured, introducing significant risk, potential delays, and additional costs for the developer.
The presence of an existing 1909 single-family residence implies the need for demolition and extensive site preparation, adding substantial upfront expenses and time to the development timeline.
The MLS area '699 - Not Defined' and 'Other' for the high school district provide limited specific neighborhood information, which could require additional due diligence for developers to fully assess local market dynamics and amenities.
The proposed development site offers a highly promising opportunity for a mixed-use project that integrates modern residential apartments with vibrant commercial spaces. The tentative plan include 15 units apartment and 2 commercial buildings.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 1.0 | 2.0 | 21% |
| Square foot | 1,260 | 1,565 | 29% |
| Lot Size | 27,269 | 5,662.5 | 95% |
| Price | $1.20M | $1.54M | 21% |
| Price per sq ft | $952 | $986 | 45% |
| Built year | 1909 | 1953 | 7% |
| HOA | $0 | $0 | 50% |
| Days on market | 175 | 172 | 55% |
Jan 1, 2026
$1,200,000
$1,698,888
-29% Price Drop
Initial Listing
Oct 29, 2025
$1,698,888
Initial Listing