570 17th Avenue, Santa Cruz, California 95062, Santa Cruz, 95062 - 0 bed, 0 bath
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Santa Cruz, California 95062
This triplex at 570 17th Avenue represents a Prime Investment Opportunity, listed at $1,998,000—positioned well below the $2,066,659 Fair Market Value by 3%. This valuation gap provides $68,659 in Instant Equity. Featuring a Condition Rating of 2, the property includes a turnkey unit with modern kitchen finishes and an owned solar system. Its rare detached unit configuration ensures high rental demand near the coast. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking to offset expenses with immediate rental income.
Property is new construction or fully renovated.
Although built in 1976, the turnkey unit features a high-end renovation completed within the last 5 years, including a modern kitchen with shaker cabinets, stone countertops, and stainless steel appliances. The interior shows new LVP flooring, fresh paint, and updated fixtures, complemented by a modern owned solar system.
Situated just a short stroll from Sunny Cove and Pleasure Point, this property offers an unbeatable location in a highly sought-after Santa Cruz beach neighborhood.
The rare layout of three detached, single-level residences provides maximum privacy and a single-family home feel, which is a significant draw for both tenants and owner-occupants.
The property features an owned solar system, which reduces utility costs and improves overall operating efficiency, adding long-term value and sustainability.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 3239, other record living area = 1192.
Built in 1976, the property may require updates to its original systems or the two occupied units to meet modern aesthetic standards and maintain competitive market rents.
With a list price near $2 million and two units currently occupied, the immediate capitalization rate may be lower for investors until all units can be transitioned to full market rates.
Ideally situated in one of Santa Cruz's most sought-after coastal neighborhoods, this triplex at 570 17th Avenue presents a rare opportunity for both investors and owner-occupants alike. Just a short stroll to Sunny Cove, Pleasure Point, the Santa Cruz Harbor, neighborhood cafés, shopping, and local favorites along Portola Drive, this is an unbeatable location. The property consists of three detached, single-level residences, providing the privacy and comfort that both tenants and owners appreciate. One turnkey unit is currently vacant, creating the perfect opportunity to move in, establish a coastal vacation retreat, or lease it at market rate for additional income. The two occupied units generate immediate cash flow while preserving flexibility for a new owner. The owned solar system helps reduce utility costs and improve operating efficiency. Whether you're seeking a smart investment, a 1031 exchange opportunity, or a chance to own a home near the beach while offsetting your expenses with immediate rental income, 570 17th Avenue is a unique investment that checks all the boxes.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 0.0 |
| Baths | 0.0 | 0.0 |
| Square foot | 3,239 | 1,920 |
| Lot Size | 11,326 | 2,439 |
| Price | $2.00M | $2.21M |
| Price per sq ft | $617 | $771 |
| Built year | 1976 | 1972 |
| HOA | $0 | $0 |
| Days on market | 8 | 62 |
Jul 15, 2026
$1,998,000
Initial Listing
Dec 21, 2011
$725,000
Public Record