3620 Gross Road, Santa Cruz, California 95062, Santa Cruz, 95062 - 3 bed, 2 bath
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Santa Cruz, California 95062
This Hybrid Residential Property represents a Strong Value Opportunity, listed at $1,190,000—positioned well below the $1,268,377 Fair Market Value by 6%. This valuation gap provides $78,377 in Instant Equity. Featuring a Condition Rating of 4, the home offers recent interior updates and a 10,535 SF lot with significant ADU development potential. Located in the Live Oak Elementary School District, this property balances immediate move-in readiness with long-term growth. It is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking coastal flexibility.
Property is moderate renovation needed.
The property was built in 1940 and, while it features recent updates to the bathrooms, flooring, and paint, there is no mention of a kitchen remodel or upgrades to major systems like HVAC and electrical. The reliance on artistic renderings for interior photos suggests the actual condition may still require minor repairs or further modernization to meet current standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 10535, living area = 1219.
The expansive 10,000+ SF flat lot across two parcels provides exceptional flexibility for future development, including the potential to add an ADU or build an additional residence.
Recent renovations including remodeled bathrooms, new flooring throughout, and fresh interior and exterior paint allow for an immediate move-in experience.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =10535, other record lot size in square feet = 11108.
Originally constructed in 1940, the property may require ongoing maintenance or updates to older underlying systems not covered by the recent cosmetic renovations.
While offering convenient freeway access, the property's proximity to major transit routes may result in ambient traffic noise, potentially impacting the tranquility of the large outdoor space.
MUST SEE! This charming, Santa Cruz home sits on a rare sunny, flat 10,000+ SF lot and offers three bedrooms and two full bathrooms. Recent updates include remodeled bathrooms, fresh interior and exterior paint, and new flooring throughout. The spacious, private backyard provides the perfect setting to relax, entertain, and enjoy the coastal lifestyle. Whether you're seeking a primary residence, investment property, or future development opportunity, this property offers exceptional flexibility and potential. Move in as-is, renovate to your liking, or explore the possibility of adding an ADU or building an additional home on the expansive quarter-acre lot. The property is currently vacant, and photos have been virtually staged for illustrative purposes. Conveniently located with easy freeway access and just minutes from Pleasure Point, Capitola Mall, Trader Joe's, and a variety of local shops and restaurants. Enjoy a short bike ride to some of Santa Cruz's most iconic beaches and being in the desirable Live Oak Elementary School District. Price is for both parcel 1 and parcel 2. Parcel 1, which includes the existing residence, is available for purchase separately.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,219 | 1,602 | 26% |
| Lot Size | 10,535 | 5,793 | 91% |
| Price | $1.19M | $1.55M | 21% |
| Price per sq ft | $976 | $996 | 45% |
| Built year | 1940 | 1960 | 23% |
| HOA | $0 | $0 | 50% |
| Days on market | 3 | 122 | 2% |
Jun 3, 2026
$1,190,000
Initial Listing
Mar 25, 2024
$950,000
Public Record
Sep 10, 2015
$590,000
Public Record
Feb 13, 2009
$380,000
Public Record
Dec 31, 2002
$449,000
Public Record