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338 Ocean Street

Santa Cruz, CA 95060
  • $2,500,000
  • STATUS: Active
  • ON SITE: 62 Days
  • ID#: ML82030410
UPDATED: 58 min ago
$2,500,000
  • 0
    BEDS
  • 0.39
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 2,150
    SQFT
  • $1,163
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1885
County:

School Ratings & Info

School District:
Listing Agent(s): Paul Zech of Coldwell Banker Realty ((831) 688-6461)


Description

Charming Victorian-style duplex in the heart of Santa Cruz. The upper unit offers approximately 1,100 sq. ft. with 2 bedrooms and 1 bathroom, while the lower unit features approximately 800 sq. ft. with 1 bedroom and 1 bathroom, ideal for investment, owner-occupancy, or multigenerational living. A standout feature is the expansive 17,976 sq. ft. lot, offering compelling future development potential for multi-use and/or additional units (buyer to verify). Surrounded by established higher-density uses, the immediate area reflects what may be possible. For reference, the neighboring property at 314 Jessie St. is improved with an approximately 50-unit apartment building on a lot that appears only modestly larger, highlighting the upside opportunity for this exceptional parcel.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2026-03-10T20:32:48.25. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Realty ONE Group Empire. Licensed in the State of California, USA.
www.bestsocalhomesearch.com/homes/171777598
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338 Ocean Street Santa Cruz, CA 95060

  • Price: $2,500,000
  • Status: Active
  • On Site: 62 Days
  • Updated: 58 min ago
  • ID#: ML82030410
0
Beds
0
Baths
0
½ Baths
0.39
Acres
2,150
SQFT
$1,163
$/SQFT
1885
Built
Neighborhood:
699 - Not Defined
County:
Santa Cruz
Area:
699 - Not Defined
School District:
Other
Property Description
Charming Victorian-style duplex in the heart of Santa Cruz. The upper unit offers approximately 1,100 sq. ft. with 2 bedrooms and 1 bathroom, while the lower unit features approximately 800 sq. ft. with 1 bedroom and 1 bathroom, ideal for investment, owner-occupancy, or multigenerational living. A standout feature is the expansive 17,976 sq. ft. lot, offering compelling future development potential for multi-use and/or additional units (buyer to verify). Surrounded by established higher-density uses, the immediate area reflects what may be possible. For reference, the neighboring property at 314 Jessie St. is improved with an approximately 50-unit apartment building on a lot that appears only modestly larger, highlighting the upside opportunity for this exceptional parcel.
Exterior Features

Architectural Style Victorian Carport Spaces 0 Foundation Details Concrete Perimeter Parking Features Off Street Parking Total 10 Roof Composition View YN No

Interior Features

Accessibility Features Other Cooling None Cooling YN Yes Heating YN Yes

Property Features

Association YN No Cap Rate 2.55 Garage YN Yes Gross Scheduled Income 72400 Insurance Expense 2465 Listing Agreement Exclusive Right To Sell Maintenance Expense 200 Other Expense 0 Property Sub Type Duplex Special Listing Conditions Standard Tax Annual Amount 5885 Trash Expense 0 Water Source Public Zoning R-L



Based on information from California Regional Multiple Listing Service, Inc. as of 2026-03-10T20:32:48.25. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Realty ONE Group Empire. Licensed in the State of California, USA.
 
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Realty ONE Group Empire
13330 Ranchero Rd. Ste 12
Oak Hills CA, 92344
Listing Agent(s): Paul Zech of Coldwell Banker Realty ((831) 688-6461)