414 California Street, Santa Cruz, California 95060, Santa Cruz, 95060 - 1 bed, 1 bath
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Santa Cruz, California 95060
Analysis of 414 California Street, Santa Cruz, California 95060 is currently available with a list price of $1,648,800. 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.
Property is moderate renovation needed.
Built in 1999, this 25-year-old property shows its age with functional but outdated features. The kitchen, with its white appliances, older cabinets, and dated light fixtures, has not undergone significant modern renovations. While the property appears maintained and livable, its components align with the 'Fair' category, indicating it's aged but functional, showing signs of being outdated, and has not had major renovations since construction. The MLS description and site plan image strongly suggest the property's primary value is in its land for redevelopment, rather than the existing structure's modern appeal.
Expansive 15,290 sqft lot offering significant potential for a custom estate or multi-unit subdivision (3-4 lots), bolstered by potential density increases from State Bills 9/10.
Highly desirable Santa Cruz address, providing excellent proximity to beaches, downtown amenities, public transit, and UCSC.
City guidelines permit substantial 30-foot (2.5 stories) building height and reasonable setbacks, offering design flexibility for new construction.
The current 650 sqft, 1-bed, 1-bath dwelling holds minimal intrinsic value for a property of this price point and development potential, likely necessitating demolition or extensive overhaul.
The list price of $1.6488 million represents a significant investment primarily for land, requiring substantial additional capital for any planned development or new construction.
On the market since early 2022, suggesting a challenging valuation or unique buyer profile. The seller's stated interest in potentially splitting and retaining a portion of the lot could complicate full-parcel acquisition.
***One of a kind...rare find of a single residential parcel of approx.15K sf+ to design and create a unique-amazing estate OR develop site into a potential 3 to 4 lot subdivision (depending on the City of Santa Cruz guidelines of their interpretation of the new Sate Bills 9 or 10 for increase density)...close to beaches, downtown, transit, and UCSC***Just imagine building your home or vacation retreat here!***The street has already been upgraded and rebuilt with newer homes***You are next?***The city of Santa Cruz states: "buildings can be built 30' high (2.5 stories) with set backs on side yards at 5' and 20', front and rear. Lot exempt from Costal Commission requirements."***Maybe, just maybe you can get a peek-a-boo ocean view from the crow's next on the second floor*All info to be verified by the buyer...Seller will entertain splitting the lot for an approx. 6K sf+- and retain the balance for his personal use**view the home: https://www.airbnb.com/rooms/13234295?guests=1&adults=1
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 1.0 | 3.0 | 5% |
| Baths | 1.0 | 3.0 | 18% |
| Square foot | 650 | 1,706 | 2% |
| Lot Size | 15,290 | 7,100 | 81% |
| Price | $1.65M | $1.38M | 72% |
| Price per sq ft | $2.5K | $845 | 98% |
| Built year | 1999 | 1978 | 88% |
| HOA | $0 | $0 | 50% |
| Days on market | 1554 | 100 | 0% |
Jan 19, 2022
$1,648,800
Initial Listing