
Santa Cruz, California 95060
This Single Family Residence represents a Strong Value Opportunity, listed at $1,698,000—positioned well below the $1,774,938 Fair Market Value by 4%. This valuation gap provides $76,938 in Instant Equity. Featuring a Good Condition Rating, the home blends 1930s charm with a 1970s addition, offering a Granite and Marble Kitchen and a large 8,756 sqft lot with ADU potential. This property is an ideal acquisition for Owner-Occupants seeking coastal lifestyle or Buy-and-Hold Investors targeting long-term appreciation.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 301 California Street Subject 5 bd · 2 ba · 2,384 sqft · $745 | $1,698,000* List Price | 5 | 2 | 2,384 | $745 | - |
A 1503 King Sold 4 bd · 2 ba · 2,139 sqft · $774 · 0.5 mi | $1,655,000 | 4 | 2 | 2,139 | $774 | 0.5 mi |
B 1120 King Street Sold 4 bd · 2 ba · 2,110 sqft · $881 · 0.4 mi | $1,858,400 | 4 | 2 | 2,110 | $881 | 0.4 mi |
C 1453 Laurel Street Sold 3 bd · 2 ba · 1,539 sqft · $895 · 0.5 mi | $1,377,500 | 3 | 2 | 1,539 | $895 | 0.5 mi |
D 130 Otis Street Sold 3 bd · 3 ba · 1,817 sqft · $853 · 0.4 mi | $1,550,000 | 3 | 3 | 1,817 | $853 | 0.4 mi |
E 223 Rigg Street Active 3 bd · 2 ba · 1,971 sqft · $862 · 0.3 mi | $1,699,000 List Price | 3 | 2 | 1,971 | $862 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While originally built in 1939 with a 1970s addition, the property has undergone significant updates that make it move-in ready. The bathrooms and kitchen feature modern materials such as granite, marble, travertine, and stainless steel, suggesting a renovation within the 5-15 year range. The presence of double-pane wood windows and well-maintained hardwood floors supports a 'Good' rating, despite some dated 1970s-era elements like the wood-paneled ceilings and blue carpeting in the addition.
The property is ideally situated within walking or biking distance to West Cliff's scenic paths, beaches, and the vibrant downtown Santa Cruz community.
With a large 8,756 sqft lot and a permitted addition, there is significant potential to convert space into an ADU or explore further building possibilities.
This home features a rare blend of 1930s bungalow charm and 1970s Scandinavian style, accented by high-end materials like marble, granite, and travertine.
The home offers five bedrooms but only two bathrooms, which may be insufficient for larger households or multi-generational living.
The synthesis of two distinct architectural eras may result in a disjointed floor plan that could require reconfiguration to meet modern flow preferences.
When you find a home you can walk or bike to the best of what Santa Cruz has to offer; West Cliff's scenic paths and beaches, a lively downtown community of great food, music and art, the local market and top K-12 schools, you know you've found an idyllic lifestyle to last a lifetime. For 5 decades, this California-style single-level bungalow (with a loft) has been cherished by one family maintaining its charm and character while creating more permitted bedrooms and living space, synthesizing a 1930s home with a hip and practical 70s rustic Scandinavian-style addition. Through a handsome arched wood entry door you'll find a light-filled home with more interior arches, built-ins, stunning sconce lighting, gleaming wood floors, travertine, marble, granite, stone, stainless steel, pebble floors, gorgeous double pane wood windows, the largest barn door I've ever seen, and heaps of flexible space conducive to what your life needs. While there may be real development potential to convert the addition to an ADU and other building possibilities, moving straight in is an easy feat. The front and back yards are landscaped with drought-tolerant plants, a bubbling fountain and citrus fruit trees, while the side yard is a blank slate affording potential to add more outdoor entertaining space.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 5.0 | 3.0 |
| Baths | 2.0 | 2.2 |
| Square foot | 2,384 | 1,703.516 |
| Lot Size | 8,756 | 6,974.558 |
| Price | $1.70M | $1.64M |
| Price per sq ft | $712 | $944 |
| Built year | 1939 | 1972 |
| HOA | $0 | $984 |
| Days on market | 11 | 43 |
Oct 13, 2026
$1,698,000
Initial Listing