321 Broadway A2, Santa Cruz, California 95060, Santa Cruz, 95060 - 1 bed, 1 bath
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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 | $575,000* List Price | 1 | 1 | 1,028 | $649 | - |
A 180 Dakota Avenue D Sold | $645,000 | 3 | 2 | 1,065 | $606 | 0.2 mi |
B 180 Dakota Avenue 64 Active Under Contract | $529,000 List Price | 2 | 1 | 784 | $675 | 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.
Situated in the secure enclave of Pacific Terrace, this spacious one-bedroom, one-bath condo features an oversized living area, master suite, dining room connected to the living room, stacked laundry, and a welcoming fireplace. Enjoy a generous covered patio that enhances your living experience! This second-floor unit, conveniently all on one level, faces West, allowing for abundant natural light while maintaining privacy. Pacific Terrace offers beautifully landscaped grounds, a sparkling pool, spa, sauna, BBQ area, underground gated parking with storage options, an elevator, and is very pet-friendly! Ideally located near shops and dining on Pacific Avenue, this condo promotes a vibrant urban-coastal lifestyle. It's perfect for a second home, pedal commuters, or those relying on public transport. First-time buyers, why rent when you can own this fantastic space? Guests can park at 320 Soquel Avenue.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 1.0 | 2.0 | 36% |
| Baths | 1.0 | 2.0 | 45% |
| Square foot | 1,028 | 1,065 | 45% |
| Lot Size | - | - | 50% |
| Price | $575.0K | $693.5K | 18% |
| Price per sq ft | $559 | $686 | 18% |
| Built year | 1980 | 1979 | 55% |
| HOA | $1000.0 | $787 | 91% |
| Days on market | 10 | 138 | 9% |
Jun 3, 2026
$575,000
Initial Listing