Victorian Live-Work and Office
603 Mission ST Santa Cruz, CA 95060
For Sale
$2,535,000
COMMERCIAL - SANTA CRUZ, CA
Property Size4,823 SF
Lot Size0.42 Acres
Price / SF$525.61
Days on Market45
Property Features for 603 Mission ST
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- Commercial
- Parking
- 17
- Parking features
- Covered
- Security features
- Security Alarm
- Standard status
- Active
- Lot size
- 0.42 Acres
Utilities
- Water source
- Public
Building Details
- Year built
- 1889
- Roof type
- Shingle, Composition
Listing Agency:
Anderson Christie, Inc.
(831) 515-8421
Listed By:
Marvin Christie · License #01894395
(831) 406-1031
Added: Jun 12
Changed: Jul 11
Last Checked: Jul 26 at 9:06PM
MLS# ML81949855
Copyright © 2026 MLS Listings, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This Victorian property is currently used as an office and includes 4,623 square feet plus approximately 200 square feet of storage. The layout features six private offices along with several meeting rooms and breakrooms. There is also a separate structure with a legal residential unit located on the second floor above the private office space, creating a live-work configuration.
The site sits on a highly visible corner on one of Santa Cruz’s most well-traveled roads and is within walking distance of downtown restaurants and shops, according to the remarks provided. The offering includes a total of three parcels, together totaling over 18,000 square feet. The City of Santa Cruz has indicated new zoning that allows for multi-residential, and the seller notes potential to merge lots for future development possibilities; buyers are instructed to verify residential and developmental options with the City.
For tenants, operators, or buyers seeking a property that can accommodate both professional space and residential use, the combination of dedicated office rooms and a legal residential unit supports a range of live-work and similar configurations. The established history of therapy and professional office users, as described, may also align with certain group or service-focused uses, subject to City verification of permitted uses.
The site sits on a highly visible corner on one of Santa Cruz’s most well-traveled roads and is within walking distance of downtown restaurants and shops, according to the remarks provided. The offering includes a total of three parcels, together totaling over 18,000 square feet. The City of Santa Cruz has indicated new zoning that allows for multi-residential, and the seller notes potential to merge lots for future development possibilities; buyers are instructed to verify residential and developmental options with the City.
For tenants, operators, or buyers seeking a property that can accommodate both professional space and residential use, the combination of dedicated office rooms and a legal residential unit supports a range of live-work and similar configurations. The established history of therapy and professional office users, as described, may also align with certain group or service-focused uses, subject to City verification of permitted uses.
Key Highlights
- Victorian property built in 1889 with 4,623 sq ft of space plus 200 sq ft of storage
- Currently configured as an office with 6 private offices and several meeting rooms and breakrooms
- Includes a separate structure with a legal residential unit on the second floor above the office space (live/work or rental potential)
Financial Insights For Mixed Use
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $289.4k | $60.00 |
| − Vacancy | −$13.6k | −$2.82 |
| EGI | $275.8k | $57.18 |
| − OpEx | −$103.4k | −$21.44 |
| NOI | $172.4k | $35.74 |
4,823 SF · lease $60.00/SF/yr · vacancy 4.70% · expense 37.50%
Alternative Uses
Best Use
Mixed Use
$2.46M
$2.15M – $2.87M
NOI $172,362 @ 7.0% cap · market cap 6.80%
Second Best
Office B
$1.69M
$1.48M – $1.98M
NOI $118,501 @ 7.0% cap · market cap 4.67%
Theoretical Best
Retail
$2.76M
$2.41M – $3.22M
NOI $193,045 @ 7.0% cap · market cap 7.62%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Dr. Elizabeth Esalen
Physician
FAQs
What type of property is this?
Live-work space - Victorian building with private offices, meeting space, storage, and a legal second-floor residential unit for flexible use.
Where is this live-work space located?
The property is located at 603 Mission ST Santa Cruz, CA.
What is the asking price?
The asking price for this property is $2,535,000.
What are key features of this property?
This property features: Victorian property built in 1889 with 4,623 sq ft of space plus 200 sq ft of storage; Currently configured as an office with 6 private offices and several meeting rooms and breakrooms; Includes a separate structure with a legal residential unit on the second floor above the office space (live/work or rental potential)
