319 Jessie Street, Santa Cruz, California 95060, Santa Cruz, 95060 - 3 bed, 2 bath
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Santa Cruz, California 95060
This Turnkey Income Asset is listed at $1,095,000, aligning with its $1,095,000 Fair Market Value to provide a stable and transparent entry point. Generating $4,800 in monthly rental income, the property delivers immediate cash flow in a supply-starved coastal market. While maintaining a Condition Rating of 4 with some dated finishes, the 1,475 sq ft residence, 2-car garage, and RL Zoning offer significant upside for future density or development. This is a strategic acquisition for Buy-and-Hold Investors or 1031 Exchange Buyers seeking reliable returns.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 319 Jessie Street Subject | $1,095,000* List Price | 3 | 2 | 1,475 | $742 | - |
A 33 Edgewood Way Sold | $1,350,000 | 3 | 3 | 1,510 | $894 | 0.8 mi |
B 120 Maple Street Active | $1,259,000 List Price | 4 | 1 | 1,312 | $960 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1979, this 45-year-old property shows signs of age despite being a functional rental. While the flooring has been updated to modern laminate and there are some newer stainless steel appliances, the kitchen features dated oak cabinetry and tile work likely exceeding 20 years in age. The exterior, including the unpaved driveway and older siding, indicates a need for minor repairs and cosmetic modernization.
The property generates a reliable $4,800 monthly rental income with long-term tenants already in place, providing immediate ROI and stability for investors from day one.
The RL zoning and 5,009 sq ft lot offer significant upside for future development or increased density, allowing for long-term value appreciation beyond current rental yields.
Situated in East Santa Cruz, the property is located in a supply-starved market with historically low vacancy rates and high demand, ensuring consistent occupancy.
The shared driveway arrangement with the neighboring property at 315 Jessie St. may create logistical challenges or privacy concerns for some buyers or tenants.
A significant price reduction from the original $1.2M ask suggests the property may have faced initial market resistance or overvaluation relative to current buyer expectations.
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.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,475 | 1,641 |
| Lot Size | 5,009.4 | 6,229 |
| Price | $1.09M | $1.57M |
| Price per sq ft | $742 | $939 |
| Built year | 1979 | 1978 |
| HOA | $0 | $288 |
| Days on market | 191 | 37 |
Mar 24, 2026
$1,095,000
$1,200,000
-9% Price Drop
Initial Listing
Jan 13, 2026
$1,200,000
Initial Listing
Jan 8, 1998
$168,000
Public Record