33 Edgewood Way, Santa Cruz, California 95060, Santa Cruz, 95060 - 3 bed, 3 bath

33 Edgewood Way, Santa Cruz, California 95060 home-pic-0
ACTIVE$1,395,000
33 Edgewood Way, Santa Cruz, California 95060
3Beds
3Baths
1,510Sqft
6,621Lot
Year Built
1999
Close
-
List price
$1.4M
Original List price
$1.45M
Price/Sqft
$924
HOA
-
Days on market
-
Sold On
-
MLS number
ML82023309
Home ConditionFair
Features
Patio
ViewNeighborhood

About this home

We found 3 Cons,5 Pros. Rank: price - $1.40M(44th), sqft - 1510(38th), beds - 3(50th), baths - 3(56th).

Flexible Living Options with two legal units in the heart of Santa Cruz, convenient to everything on an ideal commute location, yet tucked away on a quiet back street. The well-maintained main residence offers 1,510 sq ft of living space with 3 spacious bedrooms and 2.5 bathrooms.The primary suite includes a spacious bath with a double sink vanity and a walk-in shower. The large backyard features mature landscaping in multiple areas including a producing lemon tree, and offers exceptional privacy along with extra space that is ideal for gardening or outdoor projects, plus an oversize 2 car shop/garage. The legal second residence currently rented for $1225 per month offers 399 SF of open living space with full kitchen and bath its own 1 car garage, and there is additional off-street parking in the driveway for 3 more vehicles. There's even a detached bonus office/art studio that hasn't been used for years and is ready for renovation and/or conversion to a third unit. Enjoy the best of both worlds, with room to grow!

Price History

Date
Event
Price
11/21/25
Price Change
$1,395,000-3.8%
09/30/25
Listing
$1,450,000
Condition Rating
Fair

The property was built in 1999, making it 25 years old. While described as 'well-maintained,' the kitchen features dated light wood cabinets, older white appliances, and older tile/laminate countertops. Bathrooms also show dated vanities, tile work, and light fixtures, along with linoleum/vinyl flooring. The overall aesthetic, including carpeted living areas and track lighting, reflects its original construction era without significant modern updates. It is functional and livable but requires minor updates to meet current style and feature expectations.
Pros & Cons

Pros

Legal Two Units & Income Potential: The property features two legal units, with the second residence currently generating $1225 per month in rental income, offering immediate financial benefit or flexible living arrangements.
Prime & Quiet Location: Situated in the heart of Santa Cruz, the property offers convenient access to amenities and an ideal commute location, while being tucked away on a quiet back street for privacy.
Expansion & Value-Add Opportunity: A detached bonus office/art studio, though unused for years, presents a significant opportunity for renovation and potential conversion into a third unit, enhancing property value and utility.
Ample Parking & Garage Space: The property boasts an oversized 2-car shop/garage, an additional 1-car garage for the second unit, and off-street parking for three more vehicles, a highly desirable feature.
Well-Maintained Main Residence & Private Outdoor Space: The main residence is well-maintained, and the large backyard offers mature landscaping, exceptional privacy, a producing lemon tree, and ample space for gardening or outdoor projects.

Cons

Bonus Unit Requires Renovation: The detached bonus office/art studio has not been used for years and requires renovation, implying additional investment and effort for the buyer to realize its full potential.
Small ADU Size: The legal second residence is relatively small at 399 square feet, which may limit its appeal to certain tenants or its potential for higher rental income compared to larger units.
Recent Price Reduction: The property has undergone a recent price reduction from $1.45M to $1.395M, which could suggest initial overpricing or a longer market time, potentially raising questions for prospective buyers.

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