Shovel-Ready Mixed-Use
For Sale
Contact for pricing
1013 Pacific Ave, Santa Cruz, CA 95060
Proposed four-story mixed-use project with ground-floor retail and 17 residential condominium units, including approved entitlements.
Property SizeContact for details
Days on Market119
Property Features for 1013 Pacific Ave
General Information
Standard status
Active
Property subtype
Retail, Multifamily, Mixed Use
Additional Details
Opportunity Zone
Yes
Building Details
Stories
4
Listing Agency:
Cushman & Wakefield Monterey
Listed By:
Reuben Helick · License #CA 01171272
Source:
Crexi
Added: Apr 12
Changed: Aug 8
Last Checked: Jul 21 at 12:38PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Cushman & Wakefield Monterey
Investment Insights
Based on property information with market context.
A shovel-ready plan for a new four-story mixed-use building is in place, supported by a tentative subdivision map and a design permit to construct. The proposal includes ground-floor retail, 17 residential condominium units, and a mezzanine level for tenant storage plus building services/utilities.
City entitlements were approved by City Council in 2017, and construction drawings were submitted to the building department on October 23, 2020. The approval includes demolition of the existing vacant mixed-use building and construction of the new building fronting both Pacific Avenue and Cathcart Street. There is no on-site parking; the developer pays the city a parking deficiency fee instead. Of the 17 units, 3 units (15%) are restricted to low-income households at 80% Area Median Income, with an affordable housing participation agreement planned with the city to ensure compliance.
City entitlements were approved by City Council in 2017, and construction drawings were submitted to the building department on October 23, 2020. The approval includes demolition of the existing vacant mixed-use building and construction of the new building fronting both Pacific Avenue and Cathcart Street. There is no on-site parking; the developer pays the city a parking deficiency fee instead. Of the 17 units, 3 units (15%) are restricted to low-income households at 80% Area Median Income, with an affordable housing participation agreement planned with the city to ensure compliance.
Key Highlights
- Entitled residential project for a four‑story mixed‑use building with ground‑floor retail and 17 residential condominium units.
- Includes tentative subdivision map and design permit to construct the four‑story mixed‑use building.
- City council entitlement completed in 2017; construction drawings submitted to the building department on October 23, 2020.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
4,115
Businesses Nearby
Explore this area
Business Placement
Demographics for 95060, CA
47,931
Population
20,181
Households
2.4
Avg Household Size
39
Median Age
55%
College-Educated
94%
High-School Grad
54.5 sq mi
ZIP Area
879
Density / Sq Mi
$106,040
Median Household Income
$46,231
Median Earnings
$2,356
Median Rent
$1,189,300
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Proposed four-story mixed-use project with ground-floor retail and 17 residential condominium units, including approved entitlements.
Where is this mixed-use property located?
The property is located at 1013 Pacific Ave Santa Cruz, CA.
What are key features of this property?
This property features: Entitled residential project for a four‑story mixed‑use building with ground‑floor retail and 17 residential condominium units.; Includes tentative subdivision map and design permit to construct the four‑story mixed‑use building.; City council entitlement completed in 2017; construction drawings submitted to the building department on October 23, 2020.
