33 Edgewood Way, Santa Cruz, California 95060, Santa Cruz, 95060 - bed, bath
33 Edgewood Way
Santa Cruz, California 95060
Property Price
SUMMARY
Analysis of 33 Edgewood Way, Santa Cruz, California 95060 is currently available with a list price of $1,395,000. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Santa Cruz Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
OVERALL CONDITION SCORE
Property is moderate renovation needed.
Built in 1999, the property is well-maintained but largely features original finishes, including tile countertops, oak-style cabinetry, and older white appliances. While the home is move-in ready and functional, the aesthetic is dated, and the detached bonus studio is explicitly described as needing a full renovation, aligning with the criteria for fair condition.
PROSSTRENGTHS & OPPORTUNITIES
- Income Generation Potential
The property features two legal residences, including a currently rented second unit and a detached studio with potential for conversion into a third unit, offering significant rental income or multi-generational living options.
- Exceptional Parking and Storage
Rare for the Santa Cruz market, the property includes an oversized two-car shop/garage, a separate one-car garage for the second unit, and off-street driveway parking for three additional vehicles.
- Prime Commuter Location
Situated on a quiet back street in a close-knit community, the home offers an ideal balance of privacy and convenience with easy access to major commute routes.
CONSRISKS & DEFICIENCIES
- Renovation Requirements
The detached bonus office/art studio has been unused for years and requires a full renovation or conversion to be functional, representing an immediate capital improvement project.
- Compact Secondary Unit
At only 399 square feet, the legal second residence is quite small, which may limit the tenant profile and long-term rental upside compared to larger accessory dwelling units.
About 33 Edgewood Way
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!
Property Details
Public Facts
- Property Type
- Duplex
- Year Built
- 1999
- Lot Size
- 6,621 Sq. Ft.
Interior
- Total Bedrooms
- -
- Total Bathrooms
- -
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 | - | - | 50% |
| Baths | - | - | 50% |
| Square foot | 1,510 | 1,854.5 | 25% |
| Lot Size | 6,621 | 6,185.5 | 50% |
| Price | $1.40M | $1.41M | 50% |
| Price per sq ft | $924 | $785 | 75% |
| Built year | 1999 | 1970 | 75% |
| HOA | $0 | $0 | 50% |
| Days on market | 149 | 185 | 50% |
Pricing History
Listed for Sale
Nov 21, 2025
$1,395,000
$1,450,000
-4% Price Drop
Initial Listing
Price Change
Oct 9, 2025
$1,450,000
Initial Listing