719 Darwin Street, Santa Cruz, California 95062, Santa Cruz, - bed, bath
ACTIVE$1,050,000
719 Darwin Street, Santa Cruz, California 95062
2Beds
1Bath
728Sqft
8,233Lot
Year Built
1946
Close
-
List price
$1.05M
Original List price
$1.25M
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
ML82021660
Home ConditionTear down
Features
View-
About this home
719 Darwin Street offers an exceptional chance to shape a commercial or mixed-use project in a prime location. This 8,233 sq ft (approx. 0.19-acre) parcel is now eligible for multi-unit development under current city guidelines, with the added flexibility of no onsite parking requirement, a rare advantage. Natural gas is available at the street, and the lot is ideally positioned near major roadways, local businesses, and just minutes from coastal amenities. Recent geotechnical soils report available. With both visibility and versatility, this is an outstanding opportunity for investors, developers, or owner-users ready to create something special in one of Santa Cruz most vibrant areas.
Price History
Date
Event
Price
11/04/25
Price Change
$1,050,000-8.6%
10/31/25
Price Change
$1,149,000-8.0%
09/15/25
Listing
$1,249,000
Neighborhood Comparison
| Subject | Average Home | Neighbourhood Ranking (71 Listings) | |
|---|---|---|---|
| Beds | 2 | 3 | 25% |
| Baths | 1 | 2 | 15% |
| Square foot | 728 | 1,636 | 6% |
| Lot Size | 8,233 | 5,447 | 85% |
| Price | $1.05M | $1.87M | 10% |
| Price per square foot | $1,442 | $1,207 | 69% |
| Built year | 1946 | 9845988 | 22% |
| HOA | |||
| Days on market | 51 | 155 | 6% |
Condition Rating
Tear down
The property, built in 1946, features a severely dilapidated structure with exposed framing, missing siding, and boarded-up windows, indicating it is unlivable and beyond repair. The MLS description explicitly markets the 'parcel' for 'multi-unit development,' suggesting the value lies in the land for redevelopment rather than the existing structure. There are no visible kitchens or bathrooms, and the overall condition points to the structure being a tear-down.
Pros & Cons
Pros
Multi-Unit Development Eligibility: The parcel is explicitly eligible for multi-unit development under current city guidelines, presenting a significant opportunity for residential or mixed-use projects.
No Onsite Parking Requirement: A rare and valuable advantage, the absence of an onsite parking requirement significantly reduces development costs and maximizes usable land area for construction.
Prime & Vibrant Location: Situated in a 'prime location' within 'one of Santa Cruz most vibrant areas,' offering excellent visibility and proximity to major roadways, local businesses, and coastal amenities.
Commercial or Mixed-Use Flexibility: Offers exceptional versatility for shaping either a commercial or mixed-use project, appealing to a broad range of investors and developers.
Geotechnical Report Available: A recent geotechnical soils report is available, reducing due diligence costs and providing critical information for potential development planning.
Cons
Existing Structure Demolition/Renovation: The property includes an older (1946) 728 sqft residential structure, which would likely require demolition or extensive renovation for a new development, adding significant cost and project timeline.
Significant Price Reductions: The list price has undergone two reductions from $1.249M to $1.05M, potentially indicating an initial overvaluation or challenges in market absorption at previous price points.
Limited Current Income Potential: Given the property's development focus and small existing residential unit, it likely offers minimal or no significant income generation in its current state, requiring substantial upfront investment before yielding returns.