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

33 Edgewood Way, Santa Cruz, California 95060 home-pic-0
ACTIVE$1,395,000
33 Edgewood Way, Santa Cruz, California 95060
0Bed
0Bath
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
ML82024404
Home ConditionFair
Features
Patio
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $1.40M(60th), sqft - 1510(40th), beds - undefined(50th), baths - undefined(50th).

A house and a half for the price of a house! Incredible value, 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 in a close-knit community of longtime happy neighbors. 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%
10/09/25
Listing
$1,450,000
Condition Rating
Fair
The property was built in 1999, making it 25 years old. While described as 'well-maintained,' the images reveal kitchens and bathrooms with original or older finishes, including light wood cabinetry, white appliances, tile/laminate countertops, and linoleum flooring, which are functional but dated. The carpet and light fixtures also reflect the property's age. The description notes 'Potential for Interior Updates' for the main residence and that a bonus unit 'is ready for renovation.' This aligns with the 'Fair' criteria of being built over 20 years ago with no major renovations since construction, and major components being functional but showing signs of being outdated, requiring minor updates.
Pros & Cons

Pros

Dual Income Property: Features two legal units, with one currently generating rental income, providing immediate financial benefit and flexibility.
ADU/Third Unit Expansion Potential: A detached bonus office/art studio offers significant opportunity for renovation and conversion into a third income-generating unit or expanded living space.
Prime Santa Cruz Location: Situated in the heart of Santa Cruz, offering excellent convenience for amenities and commuting, while maintaining a quiet, community-oriented street presence.
Generous & Private Outdoor Space: The property boasts a large, private backyard with mature landscaping, including a producing lemon tree, ideal for gardening, outdoor projects, and relaxation.
Extensive Parking & Garage: Includes an oversized 2-car shop/garage and additional off-street parking for three vehicles, accommodating multiple residents or guests.

Cons

Renovation Investment Required: The detached bonus unit requires renovation and/or conversion to unlock its full potential, representing an additional investment for the buyer.
Sub-Market Rental Income: The current rental income of $1225 for the second unit may be below market rates for Santa Cruz, suggesting an opportunity for increased revenue but potentially requiring updates or re-tenanting.
Potential for Interior Updates: While well-maintained, the main residence, built in 1999, may benefit from cosmetic or functional updates to align with contemporary design trends and buyer expectations.

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