522 King Street, Santa Cruz, California 95060, Santa Cruz, 95060 - 3 bed, 2 bath
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522 King Street
Santa Cruz, California 95060
ACTIVE
CONDITION: FAIR
3Beds
2Baths
1,557Sq Ft
7,667Lot Size
Property Price
LIST PRICE$1,550,000
EST. MARKET VALUE
$1,471,761
5% AboveMARKET VALUE
SUMMARY
This 1928 Spanish Colonial Revival bungalow represents a High-Potential Investment Opportunity, listed at a List Price of $1,550,000—positioned above the $1,471,761 Fair Market Value by 5%. While requiring modernization, the property features a Condition Rating of 4, offering a canvas for value-add renovations. The expansive 7,667 sqft lot, detached garage with studio, and prime Westside location provide significant upside for forced appreciation. This asset is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking to restore a historic Santa Cruz residence.
Estimated Market Value
$1,471,761
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 | $1,550,000* List Price | 3 | 2 | 1,557 | $945 | - |
A 238 Moore Street Sold | $1,485,750 | 3 | 1 | 1,650 | $900 | 0.4 mi |
B 649 High Street Sold | $1,450,000 | 3 | 2 | 1,445 | $1,003 | 0.3 mi |
C 1120 King Street Sold | $1,858,400 | 4 | 2 | 2,110 | $881 | 0.4 mi |
D 33 Edgewood Way Sold | $1,350,000 | 3 | 3 | 1,510 | $894 | 1.0 mi |
E 130 Otis Street Sold | $1,550,000 | 3 | 3 | 1,817 | $853 | 0.2 mi |
F 138 Segre Place Sold | $1,615,141 | 4 | 2 | 1,845 | $875 | 0.9 mi |
G 1453 Laurel Street Active Under Contract | $1,395,000 List Price | 3 | 2 | 1,539 | $906 | 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, this property is nearly a century old. While it has received recent cosmetic refreshments including fresh paint and new flooring, the kitchen and bathrooms remain significantly dated (30+ years) with older appliances and cabinetry. The listing's emphasis on 'restoring its classic charm' and its history as student housing suggest that while functional and move-in ready, the core systems and wet rooms require modernization and minor repairs.
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
Ideally situated in one of Santa Cruz's most desirable neighborhoods, the property offers exceptional proximity to iconic beaches, UCSC, and downtown amenities.
- Architectural Character
This 1920s Spanish Colonial Revival bungalow features exquisite period details, including original built-in cabinetry and French doors that preserve its historic charm.
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 buyer expectations.
- Restoration Required
Previously utilized as student housing and marketed as a 'canvas for restoration,' the property likely requires significant capital investment to update 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 a workshop or storage, & 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 | 2.3 |
| Square foot | 1,557 | 1,697.986 |
| Lot Size | 7,667 | 6,864.608 |
| Price | $1.55M | $1.63M |
| Price per sq ft | $996 | $940 |
| Built year | 1928 | 1973 |
| HOA | $0 | $352 |
| Days on market | 7 | 38 |
Pricing History
Listed for Sale
Sep 2, 2026
$1,550,000
Initial Listing