708 Frederick Street 205, Santa Cruz, California 95062, Santa Cruz, 95062 - 1 bed, 1 bath
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708 Frederick Street 205
Santa Cruz, California 95062
ACTIVE
CONDITION: GOOD
1Beds
1Baths
835Sq Ft
0Lot Size
Property Price
LIST PRICE$399,000
EST. MARKET VALUE
$387,718
SUMMARY
This Measure O Condominium represents a Strong Value Opportunity, listed at $399,000—positioned well below the $387,719 Fair Market Value by -2%. Built in 2015, this unit maintains a Good Condition Rating and features modern amenities including in-unit laundry, secure parking, and a private patio with community views. While subject to income-restricted eligibility, the property offers a prime, walkable East Side location near the yacht harbor. This is an ideal acquisition for first-time buyers or income-qualified owner-occupants seeking a modern, low-maintenance lifestyle.
Estimated Market Value
$387,718
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 |
|---|---|---|---|---|---|---|
★ 708 Frederick Street 205 Subject 1 bd · 1 ba · 835 sqft · $464 | $399,000* List Price | 1 | 1 | 835 | $464 | - |
A 708 Frederick Street 202 Active 1 bd · 1 ba · 776 sqft · $606 · 0.0 mi | $470,109 List Price | 1 | 1 | 776 | $606 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
Built in 2015 (11 years old), the property is well-maintained and move-in ready. It features modern systems including an electric fireplace and in-unit laundry, falling within the 10-20 year age bracket for good condition.
PROSSTRENGTHS & OPPORTUNITIES
- Exceptional Value and Equity
Listed at $399,000, which is significantly below the county-established price of $442,362, offering the buyer immediate built-in equity in a high-demand market.
- Modern Construction and Amenities
Built in 2015, this contemporary unit features secure parking, elevator access, in-unit laundry, and attractive community spaces including a bocce ball court and firepit.
- Prime Walkable Location
Situated in the desirable East Side of Santa Cruz, the property boasts a high walkability factor with close proximity to the yacht harbor, local shops, and restaurants.
CONSRISKS & DEFICIENCIES
- Restrictive Ownership Requirements
As a Measure O unit, the property is subject to strict income caps and city-mandated eligibility requirements, which limits the pool of potential qualified buyers.
- High Monthly Carrying Costs
The $601 monthly association fee is relatively high for a one-bedroom unit, which may impact the overall affordability for buyers within the restricted income brackets.
About 708 Frederick Street 205
City of Santa Cruz Measure O Unit! First time on market! This original owner has enjoyed living in this unit! Who will be the lucky one who gets to live here next? Seller said Sell it!! Listed lower than the county price of $442,362. So, at $399,000 list price you get built in equity when you purchase! Yes, there are income limits. What an opportunity to live in East Side Santa Cruz in a 2015 building with secure parking and locked front entrance and lobby. Parking space 6 and locker 9 are used by this unit. It's walkable to the yacht harbor, shops, restaurants and more! Once inside there is a spacious lobby with access to a community room, elevator, stairs and locking mailboxes! This unit is on the second floor! It lives like a 1 bedroom with large closet plus an additional room for office/craft room or even a second bedroom (it does not have a closet). Open kitchen, Living and Dining feels spacious! The electric fireplace is quick to provide a cozy feeling. And you have your own stacking in unit laundry! While your laundry in spinning, relax on your outdoor patio with a view of bocci ball court and outdoor firepit area. Or enjoy the birds and flowers! 1 person max income $96,050 2 person max income $109,750.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 2015
- Lot Size
- -
Interior
- Total Bedrooms
- 1
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $601.0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 1.0 | 1.8 |
| Baths | 1.0 | 1.4 |
| Square foot | 835 | 963.625 |
| Lot Size | - | 811.438 |
| Price | $399.0K | $686.2K |
| Price per sq ft | $478 | $719 |
| Built year | 2015 | 1980 |
| HOA | $601.0 | $595 |
| Days on market | 25 | 61 |
Pricing History
Listed for Sale
Sep 29, 2026
$399,000
Initial Listing