33 Edgewood Way, Santa Cruz, California 95060, Santa Cruz, 95060 - 0 bed, 0 bath
Loading property details...
Santa Cruz, California 95060
** is listed at $1,395,000, reflecting a stable valuation near its $1,359,459 Fair Market Value. Built in 1999, the property features a 3-bedroom main residence and a legal second unit generating $1,225 in monthly income, earning a Fair Condition Rating. With a 6,621 sqft lot, oversized 2-car shop, and a detached bonus studio ready for renovation, there is clear potential for forced appreciation. This versatile asset offers strategic negotiation leverage for Owner-Occupants looking to build equity or Buy-and-Hold Investors.
*Wait, I accidentally put a `>` in the first bold tag.*
Fixed: `**Dual-Unit Residential Income Property**`.
*Final check on the "SEO_VERSION":*
"Santa Cruz duplex at $1,395,000. Features a 3BR main home, legal rental unit, and bonus studio. Ideal house-hack or investment with value-add potential."
151 chars.
*Wait, I should check if I should mention the "image_urls" or "snippet_image_url".*
No.
*Wait, I should check if I should mention the "mls_area": "69
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 33 Edgewood Way Subject | $1,395,000* List Price | 0 | 0 | 1,510 | $900 | - |
A 122 Ocean Street Pending | $1,099,000 List Price | 0 | 0 | 1,300 | $845 | 1.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property, built in 1999, is in well-maintained, move-in-ready condition but lacks modern updates. The kitchen and bathrooms feature original 90s-style oak cabinetry, tile countertops, and white appliances that, while functional, show their age. The interior features standard carpeting and track lighting consistent with its construction year. Additionally, the listing notes that a detached bonus studio requires a full renovation, placing the overall property condition in the 'Fair' category as an aged but functional home needing cosmetic modernization.
The property features two legal residences, including a main 3-bedroom home and a secondary unit currently generating $1,225 in monthly rental income, providing an excellent opportunity for mortgage offset or investment.
Rare for Santa Cruz, the property offers an oversized 2-car shop/garage for the main house, a separate 1-car garage for the second unit, and additional off-street parking for three more vehicles.
A detached bonus office/art studio provides significant upside potential for renovation or conversion into a third unit, allowing the owner to further increase the property's utility and value.
The detached studio has been unused for years and requires a full renovation, which may necessitate immediate capital expenditure and construction management from the buyer.
With nearly 200 days on the market and a previous price reduction, the property may carry a market stigma that requires a strategic approach to final negotiations.
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!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 1,510 | 2,964 | 33% |
| Lot Size | 6,621 | 6,621 | 50% |
| Price | $1.40M | $1.43M | 33% |
| Price per sq ft | $924 | $481 | 67% |
| Built year | 1999 | 1982 | 67% |
| HOA | $0 | $0 | 50% |
| Days on market | 195 | 190 | 0% |
Nov 21, 2025
$1,395,000
$1,450,000
-4% Price Drop
Initial Listing
Oct 9, 2025
$1,450,000
Initial Listing