414 California Street, Santa Cruz, California 95060, Santa Cruz, 95060 - 1 bed, 1 bath
414 California Street
Santa Cruz, California 95060
Property Price
SUMMARY
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.
Condition Analysis
OVERALL CONDITION SCORE
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Built in 1999, this 25-year-old property shows its age with functional but outdated features.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and livable, its components align with the 'Fair' category, indicating it's aged but functional, showing signs of being outdated, and has not had major renovations since construction.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.
PROSSTRENGTHS & OPPORTUNITIES
- Development Opportunity
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.
- Premium Coastal Location
Highly desirable Santa Cruz address, providing excellent proximity to beaches, downtown amenities, public transit, and UCSC.
- Favorable Building Parameters
City guidelines permit substantial 30-foot (2.5 stories) building height and reasonable setbacks, offering design flexibility for new construction.
CONSRISKS & DEFICIENCIES
- Limited Utility of Existing Structure
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.
- High Capital Investment Required
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.
- Prolonged Market Presence & Seller's Terms
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.
About 414 California Street
***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
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1999
- Lot Size
- 15,290 Sq. Ft.
Interior
- Total Bedrooms
- 1
- Total Bathrooms
- 1 (1 Full, 0 Half)
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 | 1.0 | 3.0 | 5% |
| Baths | 1.0 | 2.0 | 16% |
| Square foot | 650 | 1,489 | 2% |
| Lot Size | 15,290 | 7,144 | 81% |
| Price | $1.65M | $1.35M | 72% |
| Price per sq ft | $2.5K | $886 | 98% |
| Built year | 1999 | 1971 | 84% |
| HOA | $0 | $0 | 50% |
| Days on market | 1508 | 172 | 0% |
Pricing History
Listed for Sale
Jan 19, 2022
$1,648,800
Initial Listing