2606 Paul Minnie Avenue, Santa Cruz, California 95062, Santa Cruz, - bed, bath
ACTIVE$1,698,888
2606 Paul Minnie Avenue, Santa Cruz, California 95062
3Beds
1Bath
1,260Sqft
27,269Lot
Year Built
1909
Close
-
List price
$1.7M
Original List price
$1.7M
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
ML82026158
Home ConditionTear down
Features
View-
About this home
The proposed development site offers a highly promising opportunity for a mixed-use project that integrates modern residential apartments with vibrant commercial spaces. The tentative plan include 15 units apartment and 2 commercial buildings.
Price History
Date
Event
Price
10/29/25
Listing
$1,698,888
Neighborhood Comparison
| Subject | Average Home | Neighbourhood Ranking (71 Listings) | |
|---|---|---|---|
| Beds | 3 | 3 | 50% |
| Baths | 1 | 2 | 15% |
| Square foot | 1,260 | 1,636 | 31% |
| Lot Size | 27,269 | 5,447 | 99% |
| Price | $1.7M | $1.87M | 46% |
| Price per square foot | $1,348 | $1,207 | 63% |
| Built year | 1909 | 9845988 | 4% |
| HOA | |||
| Days on market | 7 | 155 | 1% |
Condition Rating
Tear down
The property was built in 1909, and the listing description explicitly states it is a 'proposed development site' for a mixed-use project, including 15 apartment units and 2 commercial buildings. The provided image is a site plan for this new development, not a photograph of the existing 1909 single-family residence. This indicates the value is in the land for redevelopment, and the existing structure is intended for demolition, fitting the 'tear-down' criteria.
Pros & Cons
Pros
Significant Development Potential: The property is explicitly described as a 'proposed development site' for a mixed-use project, including 15 apartment units and 2 commercial buildings, offering substantial future value and income generation.
Generous Lot Size: With a lot size of 27,269 sqft (over half an acre), there is ample space to accommodate the ambitious mixed-use development plans.
Desirable Santa Cruz Location: Located in Santa Cruz, a highly sought-after coastal city, which enhances the market demand and potential profitability for both residential and commercial units.
Mixed-Use Zoning Suitability: The description implies the site is suitable or has the potential for mixed-use zoning, which is crucial for realizing the proposed development.
High Income-Generating Capacity: Upon completion, the mixed-use development is poised to generate significant rental income from 15 residential units and 2 commercial spaces.
Cons
Development Risk & Complexity: The project is currently 'proposed' and 'tentative,' indicating significant regulatory, financial, and construction complexities, as well as inherent risks associated with large-scale development.
Demolition Required: The existing 1909 single-family residence (3 beds/1 bath, 1260 sqft) is likely a tear-down, adding demolition costs and time to the overall development timeline and budget.
Substantial Upfront Investment: Developing a mixed-use project of this scale requires significant capital investment beyond the list price, encompassing permits, construction, and potential holding costs, which may deter some investors.