319 Jessie Street, Santa Cruz, California 95060, Santa Cruz, 95060 - 3 bed, 2 bath
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319 Jessie Street
Santa Cruz, California 95060
ACTIVE
CONDITION: FAIR
3Beds
2Baths
1,475Sq Ft
5,009.4Lot Size
Property Price
LIST PRICE$995,000
EST. MARKET VALUE
$995,000
SUMMARY
This property represents a High-Potential Investment Opportunity, currently listed at a List Price of $1,095,000, which aligns with its $1,095,000 Fair Market Value. Featuring a Condition Rating of 4, the home offers immediate stability with $4,800 in monthly rental income. The RL Zoning and 1,475 sq ft footprint provide significant long-term upside for density expansion. With a 2-car garage and deck/patio access, this asset is a reliable, income-generating hold. It is an ideal acquisition for Buy-and-Hold Investors or 1031-Exchange Buyers seeking immediate cash flow.
Estimated Market Value
$995,000
Based on Realkey algorithm analyzing recent comparable sales in Santa Cruz.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 1979, the property is well-maintained for its age but remains largely dated. The kitchen features older oak cabinetry and tile work that appears to be over 20 years old. While the interior has been refreshed with newer luxury vinyl plank flooring and is currently functional as a rental, the age of the structure and the dated finishes suggest a need for cosmetic updates and potential system overhauls in the near future.
PROSSTRENGTHS & OPPORTUNITIES
- Immediate Cash Flow
The property generates $4,800 in monthly rental income with long-term tenants already in place, offering immediate stability and a turnkey investment opportunity.
- Development Potential
The RL zoning provides significant upside for future development or increased density, allowing for long-term value appreciation in a supply-starved market.
- Prime Coastal Location
Situated in East Santa Cruz, the property benefits from historically low vacancy rates and high rental demand typical of desirable California coastal communities.
CONSRISKS & DEFICIENCIES
- Extended Days on Market
With 199 days on the market and a recent price reduction from $1.2M to $1.095M, the property has faced challenges in securing a buyer at its initial valuation.
- Shared Access Limitations
The shared driveway arrangement with the neighboring property may limit privacy and could complicate future site modifications or development logistics.
About 319 Jessie Street
319 Jessie St, Santa Cruz-Turnkey Cash Flow in a Supply-Starved Market. At $4,800/month in current rental income, this East Santa Cruz income property is already working for you from day one. Annualized, that's $57,600 in gross rents in a coastal California city where vacancy rates stay historically low and rental demand consistently outpaces supply. The 3-bed, 2-bath single-story home spans 1,475 sq ft on a 5,009 sq ft lot with a 2-car attached garage and parking for up to four vehicles. Long-term tenants are in place, eliminating the typical turnover headache and stabilizing your returns immediately at close. RL zoning adds a layer of upside worth exploring potential for additional density or future development, subject to buyer verification with the City of Santa Cruz. The shared driveway arrangement with neighboring 315 Jessie St. keeps the footprint efficient.Whether you're 1031-exchanging into a low-maintenance hold or anchoring a growing Santa Cruz portfolio, this property delivers the fundamentals: reliable income, a desirable location, and room for long-term appreciation.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1979
- Lot Size
- 5,009.4 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 Full, 0 Half)
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 | 3.0 | 3.0 |
| Baths | 2.0 | 2.3 |
| Square foot | 1,475 | 1,697.986 |
| Lot Size | 5,009.4 | 6,864.608 |
| Price | $995.0K | $1.63M |
| Price per sq ft | $675 | $940 |
| Built year | 1979 | 1973 |
| HOA | $0 | $352 |
| Days on market | 239 | 38 |
Pricing History
Listed for Sale
Aug 13, 2026
$995,000
$1,095,000
-9% Price Drop
Initial Listing
Price Change
Mar 24, 2026
$1,095,000
$1,200,000
-9% Price Drop
Initial Listing
Price Change
Jan 13, 2026
$1,200,000
Initial Listing
Sold
Jan 8, 1998
$168,000
Public Record