514 Meder Street, Santa Cruz, California 95060, Santa Cruz, 95060 - 5 bed, 2 bath
514 Meder Street
Santa Cruz, California 95060
Property Price
SUMMARY
Analysis of 514 Meder Street, Santa Cruz, California 95060 is currently available with a list price of $5,750,000. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. 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 move-in ready.
The property was built in 2014, placing it within the 10-20 year age range for a 'good' condition score. The interiors appear well-maintained and move-in ready, supporting its current use as a high-income rental. While the kitchen and bathrooms feature a rustic aesthetic with tile countertops and standard appliances rather than modern luxury finishes, the systems are functional and the property shows no signs of deferred maintenance.
PROSSTRENGTHS & OPPORTUNITIES
- High Available Lot Utilization
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 101495, living area = 2208.
- Significant Development Potential
The offering includes two parcels totaling approximately 2.7 acres zoned R-1-10, providing a rare and substantial opportunity for subdivision or high-density residential development in a prime Santa Cruz location.
- Immediate Cash Flow
The property currently generates $12,000 in monthly rental income from two existing houses and four detached art studios, offering investors immediate ROI while navigating the entitlement or planning process.
CONSRISKS & DEFICIENCIES
- Complex Acquisition Structure
The sale is strictly contingent upon the simultaneous purchase of the adjoining parcel (518 Meder), which increases the total capital requirement and may complicate financing for traditional residential buyers.
- Land-Weighted Valuation
With a list price of $5.75M, the value is heavily concentrated in the land and future potential rather than the existing 2,208 square feet of living space, requiring a buyer with a specific development vision.
About 514 Meder Street
Price includes 2 parcels: 514 Meder will only be sold with adjoining 518 Meder (APN 002-013-22 which adds another SFR and approx 16,000 feet of land.) Together they comprise approx 2.7 acres currently zoned R-1-10, with two rental houses plus 4 detached art studios. Current rental income $12,000/month. Very desirable location with very desirable potential.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 2014
- Lot Size
- 101,495 Sq. Ft.
Interior
- Total Bedrooms
- 5
- Total Bathrooms
- 2 (2 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 | 5.0 | 3.0 | 93% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 2,208 | 1,507 | 72% |
| Lot Size | 101,495 | 7,144 | 91% |
| Price | $5.75M | $1.35M | 98% |
| Price per sq ft | $2.6K | $886 | 98% |
| Built year | 2014 | 1971 | 96% |
| HOA | $0 | $0 | 50% |
| Days on market | 222 | 172 | 79% |
Pricing History
Listed for Sale
Jul 28, 2025
$5,750,000
Initial Listing