280 San Lorenzo Boulevard, Santa Cruz, California 95060, Santa Cruz, 95060 - 0 bed, 0 bath
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280 San Lorenzo Boulevard
Santa Cruz, California 95060
ACTIVE UNDER CONTRACT
CONDITION: FAIR
0Beds
0Baths
1,561Sq Ft
5,793Lot Size
Property Price
LIST PRICE$1,050,000
EST. MARKET VALUE
$1,130,893
7% BelowMARKET VALUE
SUMMARY
This Residential Income Duplex is a Strong Value Opportunity, listed at $1,050,000—positioned well below the $1,130,894 Fair Market Value by 7%. This valuation gap offers $80,894 in Instant Equity. With a Condition Rating of 4, the property features a recently refreshed vacant unit and desirable amenities like private fenced backyards and single-car garages. This asset provides immediate rental income or house-hacking potential in a prime downtown location. It is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking to offset mortgage costs.
Estimated Market Value
$1,130,893+$80,893 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Santa Cruz.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 280 San Lorenzo Boulevard Subject | $1,050,000* List Price | 0 | 0 | 1,561 | $724 | - |
A 122 Ocean Street Pending | $1,099,000 List Price | 0 | 0 | 1,300 | $845 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 1950, the property has undergone a recent cosmetic 'refresh' with new flooring and paint, but remains dated in core areas. The kitchen features older painted cabinetry rather than a modern remodel, and the heating system relies on dated wall units rather than a modern HVAC system.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Downtown Location
Situated in the heart of Santa Cruz, this property offers exceptional walkability to downtown amenities, local beaches, and public transportation, ensuring high tenant demand and long-term value.
- Immediate Occupancy or Rental Potential
One unit is delivered vacant and recently refreshed with new flooring and paint, allowing an owner-user to move in immediately or a landlord to secure market-rate rent without delay.
- Highly Functional Unit Amenities
Both units feature rare and desirable amenities including individual single-car garages, private fenced backyards, and dedicated washer/dryer hookups, significantly increasing tenant retention.
CONSRISKS & DEFICIENCIES
- Aging Infrastructure
Built in 1950, the property may require capital expenditures for aging systems such as plumbing or electrical that are not addressed by the recent cosmetic refreshments.
- Income Limitations
With one unit occupied by a long-term tenant, the immediate rental upside for the entire property may be restricted by existing lease terms and local rent stabilization considerations.
About 280 San Lorenzo Boulevard
Single level duplex in downtown Santa Cruz. First time on market in 30 years. Ideal location for access to downtown, beaches and public transit. One unit is being held vacant for marketing and the other has a longterm tenant. Both units have the benefit of single car garages, washer and dryer hookups and fenced back yards. The vacant unit was recently refreshed with new flooring and paint. Excellent low maintenance investment or the opportunity to live in one side and offset the payments with the rent from the second unit. Please do not disturb occupant.
Property Details
Public Facts
- Property Type
- Duplex
- Year Built
- 1950
- Lot Size
- 5,793 Sq. Ft.
Interior
- Total Bedrooms
- 0
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 0.0 |
| Baths | 0.0 | 0.0 |
| Square foot | 1,561 | 2,195.333 |
| Lot Size | 5,793 | 6,650.333 |
| Price | $1.05M | $1.64M |
| Price per sq ft | $673 | $773 |
| Built year | 1950 | 1979 |
| HOA | $0 | $0 |
| Days on market | 22 | 51 |
Pricing History
Listed for Sale
Aug 18, 2026
$1,050,000
Initial Listing
Sold
Dec 13, 1995
$167,000
Public Record