300 Columbia Street, Santa Cruz, California 95060, Santa Cruz, 95060 - 0 bed, 0 bath
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Santa Cruz, California 95060
This Coastal Residential Income Duplex is listed at $3,150,000, positioned near its $3,111,140 Fair Market Value, reflecting the stability of the premium Santa Cruz market. Spanning 3,520 square feet just steps from West Cliff Drive, the property holds a Condition Rating of 4, offering functional spaces with significant value-add potential via cosmetic updates. Featuring rare private two-car garages, a jetted spa, and distant mountain views, this asset ensures consistent rental appeal. It represents a strategic acquisition for Buy-and-Hold Investors or Owner-Occupants targeting long-term coastal appreciation.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 300 Columbia Street Subject | $3,150,000* List Price | 0 | 0 | 3,520 | $884 | - |
A 512 2nd Street Active | $2,700,000 List Price | 0 | 0 | 2,957 | $913 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1979, this 45-year-old property is functional but dated. The kitchen features older tile countertops and appliances, and popcorn ceilings are present throughout. While the flooring appears updated, the overall aesthetic and systems likely exceed 20 years, requiring modernization to reach current market standards.
Situated just one block from West Cliff Drive and Lighthouse Field State Beach, this property offers immediate access to world-class surfing and coastal trails, ensuring consistent tenant demand and long-term appreciation.
At 3,520 square feet, this is one of the largest duplexes in the area, uniquely featuring private two-car garages for each unit—a rare and highly valuable amenity in a dense beach community where parking is limited.
The property’s configuration, including a 3BD/2BA upper unit with a private yard and hot tub, provides flexible strategies for owner-occupancy with high rental offset or a high-performing dual-unit investment portfolio.
With a list price of $3.15 million, the significant capital requirement may result in a lower initial capitalization rate compared to other investment markets, appealing primarily to equity-heavy coastal investors.
Built in 1979 and located in a high-salt marine environment, the property may require more frequent and costly exterior maintenance or modernization to preserve its condition and justify premium rental rates.
Rare coastal investment opportunity on Santa Cruz's highly desirable Lower Westside, just one block from the ocean and iconic West Cliff Drive. Steps from Lighthouse Field State Beach and the popular Steamer Lane Supply restaurant, this prime location consistently attracts strong rental demand driven by lifestyle, walkability, and proximity to Monterey Bay. One of the largest duplexes this close to the ocean, the property features a 3BD/2BA upper unit and a 2BD/2BA lower unit with a bonus room that functions as a third bedroom, maximizing rental flexibility and income potential. Each unit includes a private 2-car garage, a rare and valuable amenity for tenants near the coast. The upper units private yard with jetted hot tub adds further appeal for premium rents. Flexible income strategies: rent both units for strong cash flow, short-term (buyer to verify) or long-term rental, or occupy one unit while generating income from the other. Tenants will enjoy easy access to downtown Santa Cruz, the Santa Cruz Wharf, and the Santa Cruz Beach Boardwalk, as well as immediate connectivity to coastal and mountain biking trails right from your front door. No need to load up the car. A rare combination of size, location, and versatility, an exceptional addition to any coastal portfolio.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 0.0 |
| Baths | 0.0 | 0.0 |
| Square foot | 3,520 | 1,920 |
| Lot Size | 9,017 | 2,439 |
| Price | $3.15M | $2.21M |
| Price per sq ft | $895 | $771 |
| Built year | 1979 | 1972 |
| HOA | $0 | $0 |
| Days on market | 79 | 62 |
May 5, 2026
$3,150,000
Initial Listing
Jul 6, 2018
$1,835,000
Public Record