522 King Street, Santa Cruz, California 95060, Santa Cruz, 95060 - 3 bed, 2 bath
Loading property details...
522 King Street
Santa Cruz, California 95060
ACTIVE UNDER CONTRACT
CONDITION: FAIR
3Beds
2Baths
1,557Sq Ft
7,667Lot Size
Property Price
LIST PRICE$1,275,000
EST. MARKET VALUE
$1,336,571
4% BelowMARKET VALUE
SUMMARY
This 1920s Spanish Colonial Revival bungalow represents a High-Potential Investment Opportunity, listed at $1,350,000—positioned well below the $1,372,337 Fair Market Value by 1.6%. This valuation gap offers $22,337 in Instant Equity. With a Condition Rating of 4, the property requires modernization, yet offers significant upside through its large lot and detached studio. Located in a prime Westside neighborhood, this value-add asset is perfectly suited for Buy-and-Hold Investors or Owner-Occupants seeking to restore a classic Santa Cruz residence.
Estimated Market Value
$1,336,571+$61,571 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Santa Cruz.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 522 King Street Subject 3 bd · 2 ba · 1,557 sqft · $858 | $1,275,000* List Price | 3 | 2 | 1,557 | $858 | - |
A 1453 Laurel Street Sold 3 bd · 2 ba · 1,539 sqft · $895 · 0.3 mi | $1,377,500 | 3 | 2 | 1,539 | $895 | 0.3 mi |
B 649 High Street Sold 3 bd · 2 ba · 1,445 sqft · $1,003 · 0.3 mi | $1,450,000 | 3 | 2 | 1,445 | $1,003 | 0.3 mi |
C 238 Moore Street Sold 3 bd · 1 ba · 1,650 sqft · $900 · 0.4 mi | $1,485,750 | 3 | 1 | 1,650 | $900 | 0.4 mi |
D 33 Edgewood Way Sold 3 bd · 3 ba · 1,510 sqft · $894 · 1.0 mi | $1,350,000 | 3 | 3 | 1,510 | $894 | 1.0 mi |
E 106 Mesa Lane Sold 2 bd · 1 ba · 1,100 sqft · $1,009 · 1.0 mi | $1,110,000 | 2 | 1 | 1,100 | $1,009 | 1.0 mi |
F 130 Otis Street Sold 3 bd · 3 ba · 1,817 sqft · $853 · 0.2 mi | $1,550,000 | 3 | 3 | 1,817 | $853 | 0.2 mi |
G 1503 King Sold 4 bd · 2 ba · 2,139 sqft · $774 · 0.6 mi | $1,655,000 | 4 | 2 | 2,139 | $774 | 0.6 mi |
H 1002 King Street Active Under Contract 3 bd · 1 ba · 1,457 sqft · $889 · 0.3 mi | $1,295,000 List Price | 3 | 1 | 1,457 | $889 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 1928, the property has received recent cosmetic updates including fresh interior/exterior paint and new laminate flooring. However, the kitchen and 1.25 bathrooms are significantly dated (likely >20 years since last major renovation) with older appliances and painted cabinetry. The listing's call for a buyer to 'restore' the home and its history as student housing suggest that while functional, the core systems and wet rooms need modernization.
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 = 7667, living area = 1557.
- Prime Westside Location
Situated in one of Santa Cruz's most coveted neighborhoods, the property offers exceptional proximity to iconic beaches, UCSC, and downtown amenities.
- Versatile Bonus Space
The detached garage includes a bonus studio, providing a flexible footprint for a home office, art studio, or potential ADU conversion.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 2.
- Limited Bathroom Count
With only 1.25 bathrooms serving three bedrooms, the current configuration may be insufficient for modern family needs or high-end buyers.
- Restoration Required
Having previously served as student housing, the home is positioned as a restoration project, likely requiring significant capital investment to modernize systems and finishes.
About 522 King Street
Quintessential 1920s California Bungalow with Spanish Colonial Revival Charm. Character & craftsmanship come together in this beloved 3-bedroom, 1.25-bath bungalow, ideally located in one of the Westside's most desirable areas. Full of period detail & warmth, this home is a canvas for a buyer ready to restore its classic charm. Freshly painted inside & out, the home welcomes you onto an inviting front porch flanked by decorative urns, and through the front door into a light-filled living room anchored by original built-in cabinetry. French doors open the floor plan for easy, great-room-style flow, while the kitchen offers a bright, cheerful space to cook & gather. A second charming entry, the side porch, welcomes guests through a period French door framed by sidelight windows. Outside, the property truly sets itself apart: an expansive front yard and spacious backyard are joined by a year-round spillway that runs the full length of the lot, creating a peaceful backdrop. A detached garage with a bonus studio adds flexibility for an art studio or office & there's plenty of off-street parking. Previously used as student housing, this home is ready for a new chapter. Just moments from iconic Santa Cruz beaches, UCSC, Downtown Santa Cruz & Costco this is Westside living at its finest.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1928
- Lot Size
- 7,667 Sq. Ft.
Interior
- Total Bedrooms
- 3
- 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 |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 2.0 | 2.2 |
| Square foot | 1,557 | 1,703.516 |
| Lot Size | 7,667 | 6,974.558 |
| Price | $1.27M | $1.64M |
| Price per sq ft | $819 | $944 |
| Built year | 1928 | 1972 |
| HOA | $0 | $984 |
| Days on market | 52 | 43 |
Pricing History
Listed for Sale
Oct 14, 2026
$1,275,000
$1,350,000
-6% Price Drop
Initial Listing
Price Change
Sep 17, 2026
$1,350,000
$1,550,000
-13% Price Drop
Initial Listing
Price Change
Sep 2, 2026
$1,550,000
Initial Listing