319 Jessie Street, Santa Cruz, California 95060, Santa Cruz, 95060 - 3 bed, 2 bath
319 Jessie Street
Santa Cruz, California 95060
Property Price
SUMMARY
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 319 Jessie Street Subject | $1,200,000* List Price | 3 | 2 | 1,475 | $764 | - |
A 33 Edgewood Way Active | $1,395,000 List Price | 3 | 3 | 1,510 | $924 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is moderate renovation needed.
Built in 1979, the property is well-maintained as a rental but shows significant signs of age. The kitchen features dated wood cabinetry and older white appliances, while the bathrooms and carpeted flooring reflect styles from several decades ago. While functional and 'turnkey' for investment purposes, the home lacks recent modern renovations and major systems are likely nearing the end of their typical lifespan.
PROSSTRENGTHS & OPPORTUNITIES
- Immediate Cash Flow
The property generates $4,800 in monthly rental income, providing a stable and immediate return on investment from the day of closing.
- High Rental Demand
Located in a supply-starved coastal market with historically low vacancy rates, ensuring consistent occupancy and long-term rental growth.
- Development Potential
The RL zoning provides significant upside for investors to explore additional density or future development opportunities on the lot.
CONSRISKS & DEFICIENCIES
- Shared Driveway
The shared driveway arrangement with the neighboring property at 315 Jessie St. may lead to logistical challenges or future maintenance disputes.
- Aging Infrastructure
Built in 1979, the property may soon require capital expenditures for major systems or structural updates that typically arise in homes of this era.
- Limited Lot Utility
The 5,009 sq ft lot size is relatively compact, which may restrict horizontal expansion or large-scale landscaping projects.
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 on a $1,200,000 ask 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 | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,475 | 1,489 | 47% |
| Lot Size | 5,009.4 | 7,100 | 26% |
| Price | $1.20M | $1.32M | 33% |
| Price per sq ft | $814 | $866 | 42% |
| Built year | 1979 | 1971 | 65% |
| HOA | $0 | $0 | 50% |
| Days on market | 53 | 169 | 16% |
Pricing History
Listed for Sale
Jan 13, 2026
$1,200,000
Initial Listing
Sold
Jan 8, 1998
$168,000
Public Record