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1031 Cayuga Street, Santa Cruz, California 95062, Santa Cruz, - bed, bath

home-pic
ACTIVE UNDER CONTRACT$2,250,000
1031 Cayuga Street, Santa Cruz, California 95062
0Bed
0Bath
3,233Sqft
7,614Lot
Year Built
2001
Close
-
List price
$2.25M
Original List price
$3.25M
Price/Sqft
-
HOA
-
Days on market
304 Days
Sold On
2023-01-26
MLS number
ML81884326
Home ConditionExcellent
Features
Deck
Patio
View-

About this home

THREE DETACHED UNITS IN A COVETED SEABRIGHT LOCATION! THE SELLERS DID NOT CUT ANY CORNERS ON THIS PROJECT!!! ALL 3 UNITS ARE FREESTANDING & HAVE SEPARATE BEAUTIFULLY LANDSCAPED & FENCED YARD SPACES FOR PLAYING WITH YOUR PETS OR JUST ENJOYING SOME PEACE & SUNSHINE. PROPERTY HAS 3 SEPARATE WATER & POWER METERS & INSIDE LAUNDRY IN EACH UNIT.." UNIT A" IS THE ORIGINAL HOME & WAS DESIGNED BY ARCHITECT KEITH GORDON AND BUILT BY COAST CONSTRUCTION SERVICES. IT JUST UNDERWENT A FULLY PERMITTED CUSTOM REMODEL. ONLY THE SHELL OF THE OLD HOME REMAINS. "UNIT A" FEATURES 3 BEDS 2 BATHS WITH STRUCTUALLY ENGINEERED VAULTED CEILINGS, CHEFS DREAM KITCHEN, QUARTZ COUNTERS & QUALITY APPLIANCES & CUSTOM BATHS. "UNIT B" IS A BRIGHT AND CHEERFUL 698 SQ. FT.1 BED 1 BATH OVER THE 2 CAR GARAGE & CARPORT FEATURING VAULTED CEILINGS TO LET THE SUN SHINE IN. "UNIT C" IS A 2 BED 1.5 BATH UNIT WITH LOTS OF WINDOWS A BRIGHT & BEAUTIFUL KITCHEN, DELIGHTFUL PRIVATE FENCED YARD WITH DECK. RENTAL AMOUNTS ARE ESTIMATES

Price History

Date
Event
Price
08/07/25
Price Change
$2,250,000
03/28/22
Listing
$3,250,000
Condition Rating
Excellent
Despite being built in 2001, the property has undergone a recent and extensive 'fully permitted custom remodel' where 'only the shell of the old home remains' for Unit A, and Unit C also features a 'bright & beautiful kitchen.' The images confirm that all visible components, including kitchens, bathrooms, flooring, appliances, and light fixtures, are virtually new, modern, and high-quality. The kitchens feature quartz countertops and stainless steel appliances, while bathrooms boast custom tiling and contemporary fixtures. The property shows no signs of deferred maintenance and meets current quality standards, aligning perfectly with the 'Excellent' condition criteria.
Pros & Cons

Pros

Coveted Location: The property is situated in a highly desirable 'Coveted Seabright Location' in Santa Cruz, enhancing its appeal and potential value.
Multi-Unit Income Potential: Features three detached, freestanding units, each with separate water/power meters and inside laundry, offering significant rental income potential or multi-generational living options.
High-Quality & Permitted Remodel: Unit A, the original home, underwent a fully permitted custom remodel by an architect and reputable construction service, indicating high-quality finishes and structural integrity.
Private Outdoor Spaces: Each of the three units boasts separate, beautifully landscaped and fenced yard spaces, providing private outdoor enjoyment for residents or pets.
Modern Interior Amenities: Unit A features structurally engineered vaulted ceilings, a chef's dream kitchen with quartz counters and quality appliances, and custom baths, appealing to discerning tenants or owners.

Cons

Estimated Rental Income: The provided rental amounts are stated as 'estimates,' which may indicate a lack of concrete rental history or current leases, potentially requiring further due diligence for investors.
Extended Days on Market & Price Reduction: The property has been on the market for 304 days and has seen a significant price reduction from $3.25M to $2.25M, suggesting challenges in its initial valuation or market reception.
Complex Management: Managing three separate detached units, each with individual meters and yard spaces, could present more complex landlord responsibilities compared to a single-family home or a typical duplex.

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