
Santa Cruz, California 95062
This Measure O Condominium represents a Strong Value Opportunity, listed at $470,109—positioned well below the $510,046 Fair Market Value by 7%. This valuation gap offers $39,937 in Instant Equity for qualified buyers. Featuring an Excellent Condition Rating and modern 2015 construction, the unit includes a private balcony, in-unit laundry, and gated garage parking. Located in the highly walkable Seabright neighborhood, this property is an ideal fit for income-qualified residents or first-time buyers seeking a modern, low-maintenance coastal lifestyle.
Property is new construction or fully renovated.
Built in 2015, this property is less than 10 years old and meets the criteria for excellent condition. The building features modern construction, contemporary systems (HVAC/Electric), and an updated kitchen with a gas range. The exterior and interior spaces appear in mint condition with no immediate maintenance required.
The property is situated in a highly desirable area with exceptional walkability to the Santa Cruz Harbor, beaches, Arana Gulch, and local dining, offering a quintessential coastal lifestyle.
Built in 2015, this secure building offers contemporary features including a resident elevator, gated garage parking, in-unit laundry, and a private balcony with a gas fireplace.
As a Measure O unit, this condo represents a rare opportunity to own a modern home in Santa Cruz at a price point significantly below the standard market rate.
The property is subject to strict income caps and buyer preferences under the Measure O program, which significantly limits the pool of eligible purchasers.
The $593 monthly association fee is relatively high for a one-bedroom affordable housing unit, which may impact the overall monthly budget for qualified buyers.
City of Santa Cruz Measure O Condo located in highly desirable Seabright location. 1 person max income- $96,050. 2 person max income- $109,750. Preference is given to a Buyer that lives or works in City of Santa Cruz. Rare, affordable housing offering. This bright, well-designed 1-bedroom condo is located in a secure building built in 2015, with a locked lobby, gated garage parking, resident elevator, shared indoor lounge spaces, bike storage, outdoor community spaces and fire pit, and guest parking. Inside, natural light fills the open living space, where a gas fireplace creates a warm focal point and a spacious private balcony offers the perfect spot for morning coffee, mid-day lunch, or an evening unwind. The eat-in kitchen features a gas range, microwave, and ample counter space, while in-unit laundry adds everyday convenience. The generous bedroom includes a full-size closet. The secure garage includes an assigned parking space (#9) and private storage locker (#3), with additional bike storage. Walkable to Arana Gulch, the Santa Cruz Harbor and Beaches, multiple restaurants and grocery markets, Rio Theater and neighborhood parks. Rarely does a condo offer the ease of single-level living with this much convenience and connection to Santa Cruz.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 1.0 | 2.0 |
| Baths | 1.0 | 1.5 |
| Square foot | 776 | 1,034.615 |
| Lot Size | - | 837.846 |
| Price | $470.1K | $695.1K |
| Price per sq ft | $606 | $710 |
| Built year | 2015 | 1981 |
| HOA | $593.0 | $547 |
| Days on market | 13 | 72 |
Aug 27, 2026
$470,109
Initial Listing
Jul 8, 2015
$264,500
Public Record
Nov 20, 2002
$610,000
Public Record