Live-Work Victorian Office
603 Mission ST Santa Cruz, CA 95060
For Sale
$2,535,000
MULTI_FAMILY - SANTA CRUZ, CA
Property Size5,923 SF
Lot Size0.42 Acres
Price / SF$427.99
Days on Market16
Property Features for 603 Mission ST
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- Commercial
- Parking
- 17
- Parking features
- Covered
- Security features
- Security Alarm
- Standard status
- Active
- Size
- 5,923 SF
- Lot size
- 0.42 Acres
Utilities
- Water source
- Public
Building Details
- Year built
- 1889
- Flooring type
- Carpet, Hardwood
- Roof type
- Composition, Shingle
Listing Agency:
Anderson Christie, Inc.
(831) 515-8421
Listed By:
Marvin Christie · License #01894395
(831) 406-1031
Added: Jul 11
Last Checked: Jul 26 at 9:06PM
MLS# ML81988389
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.
A spacious Victorian house currently used as office space, offering 6 private offices plus several meeting rooms and breakrooms. The property includes 4,623 square feet plus 200 square feet of storage space, and there is also a separate structure with a legal residential unit on the second floor above the private office space, supporting live-work use or rental possibilities.
Set on a highly visible corner on one of Santa Cruz’s most well-traveled roads, with downtown restaurants and shops within walking distance.
The City has indicated new zoning allows for multi-residential conversion, and the sale includes a total of three parcels totaling over 18,000 square feet. The buyer is advised to verify with the City of Santa Cruz regarding residential and developmental possibilities.
Set on a highly visible corner on one of Santa Cruz’s most well-traveled roads, with downtown restaurants and shops within walking distance.
The City has indicated new zoning allows for multi-residential conversion, and the sale includes a total of three parcels totaling over 18,000 square feet. The buyer is advised to verify with the City of Santa Cruz regarding residential and developmental possibilities.
Key Highlights
- Victorian house built in 1889 with carpet and hardwood flooring
- 4,623 Sq. Ft. main space plus 200 Sq. Ft. storage; includes 6 private offices, meeting rooms, and breakrooms
- Located on a highly visible corner with covered parking
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 | $355.4k | $60.00 |
| − Vacancy | −$16.7k | −$2.82 |
| EGI | $338.7k | $57.18 |
| − OpEx | −$127.0k | −$21.44 |
| NOI | $211.7k | $35.74 |
5,923 SF · lease $60.00/SF/yr · vacancy 4.70% · expense 37.50%
Alternative Uses
Best Use
Mixed Use
$3.02M
$2.65M – $3.53M
NOI $211,673 @ 7.0% cap · market cap 8.35%
Second Best
Office B
$2.08M
$1.82M – $2.43M
NOI $145,528 @ 7.0% cap · market cap 5.74%
Theoretical Best
Retail
$3.39M
$2.96M – $3.95M
NOI $237,074 @ 7.0% cap · market cap 9.35%
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 house currently used as an office with six private offices, meeting rooms, and storage space.
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 house built in 1889 with carpet and hardwood flooring; 4,623 Sq. Ft. main space plus 200 Sq. Ft. storage; includes 6 private offices, meeting rooms, and breakrooms; Located on a highly visible corner with covered parking
