33 Edgewood Way, Santa Cruz, California 95060, Santa Cruz, - bed, bath

home-pic
ACTIVE$1,450,000
33 Edgewood Way, Santa Cruz, California 95060
3Beds
3Baths
1,510Sqft
6,621Lot
Year Built
1999
Close
-
List price
$1.45M
Original List price
$1.45M
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
ML82023309
Home ConditionFair
Features
Patio
ViewNeighborhood

About this home

Flexible Living Options with two legal units in the heart of Santa Cruz, convenient to everything on an ideal commute location, yet tucked away on a quiet back street. The well-maintained main residence offers 1,510 sq ft of living space with 3 spacious bedrooms and 2.5 bathrooms.The primary suite includes a spacious bath with a double sink vanity and a walk-in shower. The large backyard features mature landscaping in multiple areas including a producing lemon tree, and offers exceptional privacy along with extra space that is ideal for gardening or outdoor projects, plus an oversize 2 car shop/garage. The legal second residence currently rented for $1225 per month offers 399 SF of open living space with full kitchen and bath its own 1 car garage, and there is additional off-street parking in the driveway for 3 more vehicles. There's even a detached bonus office/art studio that hasn't been used for years and is ready for renovation and/or conversion to a third unit. Enjoy the best of both worlds, with room to grow!

Price History

Date
Event
Price
09/30/25
Listing
$1,450,000
Neighborhood Comparison

 SubjectAverage HomeNeighbourhood Ranking (87 Listings)
Beds33
50%
Baths32
56%
Square foot1,5101,792
35%
Lot Size6,6217,558
42%
Price$1.45M$1.5M
48%
Price per square foot$960$903
60%
Built year19999850987
88%
HOA
Days on market36148
7%
Condition Rating
Fair

The property was built in 1999, making it 25 years old. While the main residence appears well-maintained, the kitchens and bathrooms in both units are largely original to the build year. They feature outdated light wood cabinetry, laminate/tiled countertops, older white appliances, and dated flooring (linoleum/tile and beige carpet). Light fixtures are also not modern. These areas are functional but show significant signs of being outdated and would benefit from aesthetic updates. The detached bonus office/art studio is explicitly noted as needing renovation, further indicating areas requiring substantial work beyond minor repairs.
Pros & Cons

Pros

Multi-Unit Income Potential: The property features two legal units, including a main residence and a second legal residence currently rented for $1225/month, offering significant rental income or flexible multi-generational living options. There's also potential for a third unit conversion.
Prime Santa Cruz Location: Situated in the heart of Santa Cruz, the property offers convenient access to amenities and an ideal commute location, while being tucked away on a quiet back street for privacy.
Ample Parking & Garage Space: The property boasts an oversized 2-car shop/garage for the main residence, a separate 1-car garage for the ADU, and additional off-street parking for three more vehicles, providing exceptional utility.
Spacious & Private Outdoor Living: A large, private backyard with mature landscaping, including a producing lemon tree, offers exceptional privacy and ample space for gardening, outdoor projects, or relaxation.
Well-Maintained Main Residence: The main residence is well-maintained, offering 1,510 sq ft with 3 spacious bedrooms and 2.5 bathrooms, including a primary suite with a double sink vanity and walk-in shower.

Cons

Additional Investment for Bonus Unit: The detached bonus office/art studio has not been used for years and requires renovation and/or conversion, representing an additional cost and effort for the buyer to realize its full potential.
Potentially Under-Market ADU Rent: The current rental income of $1225/month for the legal second unit might be below market rates for Santa Cruz, potentially limiting immediate income optimization without tenant turnover.
Standard Neighborhood View: While the property has a view, it is described as a 'Neighborhood' view, which typically does not offer the premium appeal or value uplift associated with more desirable views like ocean or mountain vistas.

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