4057 Cory Street, Soquel, California 95073, Soquel, - bed, bath

home-pic
ACTIVE$695,000
4057 Cory Street, Soquel, California 95073
4Beds
1Bath
1,469Sqft
4,922Lot
Year Built
1947
Close
-
List price
$695K
Original List price
$748K
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
ML81996172
Home ConditionPoor
Features
Patio
ViewNeighborhood

About this home

Non-Conforming fixer located adjacent to mixed commercial and residential uses on a 4,922 sq ft lot Zoned C-2. The existing house is attributed by the Assessor with 4 Bedrooms and 1,469 sq ft of existing living space which appears to include unpermitted additions. Roof has failed and is currently tarped, with ongoing maintenance being done to repair existing leaks. The property has been used as a rental until recently and has low flow showers and toilets, plus laundry room with a washer/dryer. May be purchased either separately or as a package with 4057 Cory St to combine the two parcels together to replace the existing carrier rentals with a new commercial building or explore mixed-use development as street-level commercial with residential above. Whether you're an investor seeking your next project or a buyer looking to build equity, this property presents a rare chance to breathe new life into a mixed-use neighborhood in highly desirable Santa Cruz County. Conveniently located near Soquel Village, with easy access to shops, dining, and coastal amenities, this central location is perfect for those with a vision. Bring your contractor or your architect and unlock the possibilities!

Price History

Date
Event
Price
08/08/25
Price Change
$695,000
03/06/25
Listing
$748,000
Neighborhood Comparison

 SubjectAverage HomeNeighbourhood Ranking (30 Listings)
Beds43
68%
Baths12
16%
Square foot1,4691,844
29%
Lot Size4,92211,456
6%
Price$695K$1.5M
3%
Price per square foot$473$807
6%
Built year19471973
10%
HOA
Days on market243144
94%
Condition Rating
Poor

This property, built in 1947, is explicitly described as a 'Non-Conforming fixer' with 'unpermitted additions.' The most critical factor is that the 'Roof has failed and is currently tarped, with ongoing maintenance being done to repair existing leaks.' This indicates a significant defect affecting the property's soundness and structural integrity, requiring substantial repairs. While the kitchen and bathroom have some minor, budget-friendly updates (like a newer vanity in the bath and what appears to be updated countertops in the kitchen), the appliances are old, and the overall style is very dated. The flooring is basic tile throughout, and interior finishes are simple paneling or exposed beams. The property is clearly not move-in ready and requires extensive rehabilitation, aligning perfectly with the 'Poor' condition criteria.
Pros & Cons

Pros

Commercial (C-2) Zoning: The C-2 zoning designation allows for significant development flexibility, including commercial and mixed-use projects, greatly enhancing its value for investors and developers.
Redevelopment Potential: Explicitly marketed as an opportunity to build a 'new commercial building or explore mixed-use development,' indicating high potential for value creation through a complete overhaul.
Prime Location: Situated in 'highly desirable Santa Cruz County' and 'conveniently located near Soquel Village' with easy access to shops, dining, and coastal amenities, ensuring strong market demand for future projects.
Equity Building Opportunity: Presented as a chance for a buyer to 'build equity,' highlighting the significant upside potential for return on investment through renovation or redevelopment.
Parcel Combination Potential: The option to purchase as a package with an adjacent parcel (implied by description) allows for combining lots, enabling larger-scale development projects.

Cons

Extensive Disrepair (Fixer-Upper): Described as a 'Non-Conforming fixer' with a 'failed and tarped roof' and ongoing leaks, indicating substantial and immediate repair costs required for habitability or redevelopment.
Unpermitted Additions: The presence of 'unpermitted additions' poses significant legal and financial risks, potentially requiring costly remediation, fines, or demolition to achieve compliance.
Non-Conforming Status: The property's 'non-conforming' status means the existing structure does not meet current zoning or building codes, complicating renovation plans and potentially limiting financing options.

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