312 Ocean Street, Santa Cruz, California 95060, Santa Cruz, 95060 - bed, bath
312 Ocean Street
Santa Cruz, California 95060
Property Price
SUMMARY
Analysis of 312 Ocean Street, Santa Cruz, California 95060 is currently available with a list price of $1,515,000. The property maintains a Poor Condition Rating (30/100), indicating the property requires renovation and updates to maximize its market potential. This presents opportunities for value-add investors. 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.
Condition Analysis
OVERALL CONDITION SCORE
Property is extensive renovation needed.
Built in 1938, the property's age suggests that major systems (plumbing, electrical, HVAC) and interiors are likely outdated. The MLS analysis explicitly notes a potential need for 'significant capital investment for updating systems and modernizing interiors,' which aligns with the 'Poor' condition criteria requiring substantial repairs and rehabilitation. Without interior images, a detailed assessment of kitchens and bathrooms is not possible, but the listed weaknesses indicate a need for extensive renovation beyond minor updates.
PROSSTRENGTHS & OPPORTUNITIES
- Income Potential
As a triplex, this property offers immediate income generation through multiple rental units, providing a strong return on investment potential in a desirable market.
- Desirable Location
Situated on Ocean Street in Santa Cruz, the property benefits from a highly sought-after coastal location with convenient access to beaches, downtown amenities, and local attractions.
- Strong Investment Opportunity
The combination of a multi-unit property in a high-demand Santa Cruz market positions this as a robust investment, likely to see continued appreciation and rental demand.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2159, other record living area = 1231.
- Capital Expenditure Potential
Constructed in 1938, the property may require significant capital investment for updating systems (plumbing, electrical, HVAC) and modernizing interiors to maximize rental income and tenant appeal.
- High Entry Price Point
The list price of $1,515,000 represents a substantial initial investment, which may narrow the pool of potential buyers and require significant financial commitment.
About 312 Ocean Street
Exceptional opportunity in Santa Cruz. This spacious 4-bedroom residence offers a versatile layout ideal for modern living. Situated on a quiet street in a highly desirable area, the home features a large living area, updated kitchen potential, and a private backyard.
Property Details
Public Facts
- Property Type
- Triplex
- Year Built
- 1938
- Lot Size
- 6,752 Sq. Ft.
Interior
- Total Bedrooms
- -
- 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 | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | - | - | 50% |
| Baths | - | - | 50% |
| Square foot | 2,159 | 2,056 | 50% |
| Lot Size | 6,752 | 6,251 | 50% |
| Price | $1.51M | $1.47M | 50% |
| Price per sq ft | $702 | $742 | 50% |
| Built year | 1938 | 1952 | 25% |
| HOA | $0 | $0 | 50% |
| Days on market | 44 | 183 | 25% |
Pricing History
Listed for Sale
Jan 22, 2026
$1,515,000
Initial Listing
Sold
Nov 10, 2015
$610,500
Public Record
Sold
Feb 22, 1995
$195,000
Public Record