
Santa Cruz, California 95060
This property presents a High-Potential Investment Opportunity with a List Price of $575,000—positioned well below the $667,527 Fair Market Value by 13%. This valuation gap offers $92,527 in Instant Equity for buyers. Featuring a Condition Rating of 4, the unit offers 1,028 sqft of space with resort-style amenities like a pool and spa. While the interior requires modernization, the prime location near Pacific Avenue ensures strong demand. This is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking value.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 321 Broadway A2 Subject | $549,000* List Price | 1 | 1 | 1,028 | $534 | - |
A 180 Dakota Avenue 64 Sold | $526,000 | 2 | 1 | 784 | $671 | 0.2 mi |
B 180 Dakota Avenue D Sold | $645,000 | 3 | 2 | 1,065 | $606 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1980 (44 years old) with no documented recent renovations. While the unit appears well-maintained and functional, the interior features original wood trim and dated finishes visible in the bathroom and bedroom areas, indicating it is past its primary aesthetic lifecycle and needs modernization.
At 1,028 square feet, this one-bedroom unit offers an exceptionally spacious layout, including an oversized living area and master suite rarely found in this property type.
Situated near Pacific Avenue, the property provides immediate access to Santa Cruz's vibrant dining, shopping, and coastal attractions, perfect for an urban-coastal lifestyle.
Residents benefit from a robust suite of amenities including a pool, spa, sauna, and secure underground parking, enhancing the overall value and convenience of the complex.
The $1,000 monthly association fee is significantly high, which may impact buyer affordability and the overall monthly carrying cost of the property.
Constructed in 1980, the property may require interior modernization and could face upcoming capital improvement costs common in older condominium developments.
Tucked into the secure, resort-like retreat of Pacific Terrace, this spacious one-bedroom, one-bath condo boasts an expansive living area, a serene master suite, and a dining room flowing into the living space, plus stacked laundry and a cozy fireplace. Step out onto the generous covered patio, an ideal spot for morning coffee or evening unwinding. This light-filled, second-floor, single-level unit faces West, offering abundant natural light while preserving your privacy. Pacific Terrace impresses with lush grounds, a sparkling pool, spa, sauna, BBQ area, gated underground parking with storage, an elevator, and warm pet-friendly policies! Just steps from the shops and dining of Pacific Avenue, this home delivers an urban-coastal lifestyle, perfect as a second home or for pedal commuters and transit riders. First-time buyers, stop renting and start owning this gem. Guest parking at 320 Soquel Avenue.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 1.0 | 2.0 |
| Baths | 1.0 | 1.5 |
| Square foot | 1,028 | 1,034.615 |
| Lot Size | - | 837.846 |
| Price | $549.0K | $695.1K |
| Price per sq ft | $534 | $710 |
| Built year | 1980 | 1981 |
| HOA | $1000.0 | $547 |
| Days on market | 98 | 72 |
Aug 8, 2026
$549,000
$575,000
-5% Price Drop
Initial Listing
Jun 3, 2026
$575,000
Initial Listing