Prime Development property undergoing lot split for 10 additional units on back parcel AND an ADU approval on front parcel. Existing charming California 2/1 + 1/1 cottage style duplex carrier sits on the front portion of the property w/ a long driveway for parking & plenty of room for a planned additional 2 bedroom, 2 bath ADU (plans & bid available with sale). Rear parcel will be SB1123 zoned for up to 10 units. Property in total is 13,000+sq.ft., level & adjacent to Capitola! The super cute 2-bedroom, 1-bathroom main house spans 1,029 sq.ft. & features two ground floor bedrooms and a beautifully updated bath w/ tub. Large patio & inside laundry area w/ a washer & dryer. Also existing is a detached 1-bed, 1-bath ADU of approximately 300 sq ft (buyer to verify size), perfect for guest quarters or keep as additional rental income. Both units are fully rented.
Exceptional flexibility & upside, this property is ideal for developers, investors, owner-users, or anyone looking to create a multi-unit rental property in one of Santa Cruz's highly desirable neighborhoods. Across from the Capitola Mall & all that 41st Ave has to offer. Once completed, property could consist of the existing Duplex, an additional 2/2 ADU, and a 6,000 square foot vacant lot zoned for up to 10 units.
For sale
$2,200,000
1610 Bulb Ave, Santa Cruz, CA 95062
2beds
1,029sqft
Est.:
Single Family Residence
Built in 1947
0.31 Acres Lot
$2,170,300 Zestimate®
$2,138/sqft
$-- HOA
What's special
Large patioBeautifully updated bathInside laundry area
- 11 days |
- 466 |
- 15 |
- Loading
- Loading