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603 Mission Street, Santa Cruz, California 95060, Santa Cruz, - bed, bath

home-pic
ACTIVE$2,700,000
603 Mission Street, Santa Cruz, California 95060
0Bed
0Bath
5,923Sqft
18,078Lot
Year Built
1889
Close
-
List price
$2.7M
Original List price
$2.95M
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
ML81988389
Home ConditionFair
Features
View-

About this home

New zoning allows for multi-residential. Rare opportunity to own a piece of Santa Cruz History. Located on a highly visible corner on one of Santa Cruz's most well-traveled roads yet walking distance to downtown restaurants and shops. This spacious Victorian house is currently used as an office and is 4,623 Sq. Ft. plus 200 Sq. Ft. of storage space, includes 6 private offices as well as several meeting rooms and breakrooms. City will allow conversion into multi-family. In addition, there is a separate structure with a legal residential unit on second floor above the private office space offering a great opportunity for live/work or great rental income. Established history with therapy and professional office users and possible uses to include live/work, group home / transitional housing/recovery facility. A total of three parcels included and totaling over 18,000 Sq. Potential to merge lots for future development possibilities. Buyer to verify with City of Santa Cruz for residential and developmental possibilities.

Price History

Date
Event
Price
08/07/25
Price Change
$2,700,000
12/12/24
Listing
$2,950,000
Condition Rating
Fair
This historic Victorian property, built in 1889, is well-maintained for its age and currently functions as an office with a separate residential unit. While the exterior and general structure appear to be in good condition, the interior, particularly the visible bathroom and kitchenette areas, are significantly outdated. The bathroom features a pedestal sink and dated wallpaper, and the kitchenette is basic with older appliances (microwave, small fridge). Flooring is a mix of hardwood, which shows some wear, and older carpeting. Light fixtures are a mix of styles, some appearing more modern than others, but many are basic. The property has not undergone a recent extensive renovation to meet current quality standards for residential use, aligning with the 'Fair' category where major components are functional but show signs of being outdated and would require minor to substantial updates for modern living.
Pros & Cons

Pros

Development Potential: New zoning allows for multi-residential use, with three parcels totaling over 18,000 Sq. Ft. offering significant potential for future development or merging lots.
Prime Location: Situated on a highly visible corner of a well-traveled road, yet within walking distance to downtown Santa Cruz restaurants and shops, offering excellent accessibility and exposure.
Versatile Use & Income Potential: The property offers diverse usage possibilities, including current office use, potential multi-family conversion, live/work, or specialized facilities, complemented by a separate legal residential unit for rental income.
Historic Charm & Size: A spacious 4,623 Sq. Ft. Victorian house built in 1889, providing a unique piece of Santa Cruz history with ample space for various configurations.
Established Commercial History: The property has an established history with therapy and professional office users, indicating its suitability and proven demand for commercial operations.

Cons

Age of Property & Renovation Needs: Built in 1889, the Victorian structure likely requires substantial investment for modernization, ongoing maintenance, and potential upgrades to meet contemporary standards or facilitate conversion.
Conversion Complexity & Due Diligence: While multi-residential conversion is allowed, the buyer is explicitly required to verify possibilities with the City, suggesting potential complexities, time, and costs associated with permits and approvals for any significant change of use or development.
High Traffic for Residential Use: Its location on a 'highly visible corner on one of Santa Cruz's most well-traveled roads' could be a drawback for residential occupants seeking peace and quiet, potentially affecting its appeal as a primary residence.

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