2030 Kinsley Street, Santa Cruz, California 95062, Santa Cruz, - bed, bath
ACTIVE$2,495,000
2030 Kinsley Street, Santa Cruz, California 95062
0Bed
0Bath
4,612Sqft
12,981Lot
Year Built
1962
Close
-
List price
$2.5M
Original List price
$2.5M
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
ML82025284
Home ConditionPoor
Features
Patio
View-
About this home
This centrally located Live Oak multi-unit property sits between Capitola and Santa Cruz, just a short walk or bike ride to the beach, eateries, and breweries. The building features four units, each with a one-car garage and assigned parking. Units A, B, and C are 2 bedrooms and 1 bathroom, while Unit D is 3 bedrooms and 1 bathroom. All units offer spacious living rooms, laundry hookups, fenced yards, and extra storage. Currently fully occupied, this property presents an excellent investment opportunity in a highly desirable coastal location.
Price History
Date
Event
Price
10/18/25
Listing
$2,495,000
Neighborhood Comparison
| Subject | Average Home | Neighbourhood Ranking (5 Listings) | |
|---|---|---|---|
| Beds | 0 | 0 | |
| Baths | 0 | 0 | |
| Square foot | 4,612 | 2,676 | 83% |
| Lot Size | 12,981 | 11,348 | 50% |
| Price | $2.5M | $1.83M | 83% |
| Price per square foot | $541 | $623 | 33% |
| Built year | 1962 | 9785981 | 67% |
| HOA | |||
| Days on market | 18 | 128 | 17% |
Condition Rating
Poor
Built in 1962, this multi-unit property features interiors that are significantly outdated. The kitchens across all units display original or very old wood/white cabinets, dated tiled or laminate countertops, and older white appliances, requiring a complete overhaul. Bathrooms are similarly dated with old vanities, fixtures, and small square wall tiles. Flooring consists primarily of older carpets and linoleum/vinyl, and heating is provided by wall heaters, indicating an older system. While the property appears functional and occupied, it requires substantial rehabilitation and modernization of all major interior components to meet current quality and aesthetic standards.
Pros & Cons
Pros
Exceptional Coastal Location: Centrally located in Live Oak, between Capitola and Santa Cruz, offering easy walk/bike access to beaches, eateries, and breweries, enhancing tenant demand and property value.
Strong Investment Opportunity: A multi-unit quadruplex property, ideal for investors seeking diversified rental income and long-term appreciation in a highly desirable market.
Immediate Cash Flow: The property is currently fully occupied, providing instant rental income and eliminating vacancy risk for the new owner.
Comprehensive Tenant Amenities: Each unit includes a one-car garage, assigned parking, laundry hookups, fenced yards, and extra storage, significantly boosting tenant appeal and retention.
Diversified Unit Mix: Comprising three 2-bedroom units and one 3-bedroom unit, catering to a broader range of tenants and optimizing rental income potential.
Cons
Property Age & Potential for Deferred Maintenance: Built in 1962, the property is over 60 years old, which may indicate aging infrastructure, systems, and potential for significant future capital expenditures for repairs or upgrades.
Lack of Renovation Details: The description does not specify any recent major renovations or modernizations, suggesting units might be dated and require substantial investment to maximize rental value and tenant appeal.
High Capital Investment: With a list price of nearly $2.5 million, this property represents a significant financial commitment, potentially limiting the pool of prospective buyers.