Renovated Duplex Income Property

505 - 507 Hanover ST Santa Cruz, CA 95062

Claim this Listing
New
For Sale
$1,799,000

MULTI_FAMILY - SANTA CRUZ, CA

Property size:
1,840 SF
Lot size:
0.20 Acres
Price / SF:
$977/SF
Added:
Jul 9, 2026
Days on Market:
4
Last Refresh:
Jul 12 at 12:06 am

Property Features for 505 - 507 Hanover ST

General Information

Property type
Residential Multi Family
Property subtype
Other
Zoning
R
Bedrooms
2
Rooms
Bedroom 2, Bedroom 1
Parking
2
Parking features
Garage - Detached, On Street
Standard status
Active
Size
1,840 SF
Lot size
0.20 Acres

Utilities

Heating system
Forced Air, Central
Water source
Public

Building Details

Year built
1976
Number of units
2
Roof type
Composition
Architectural style
Bungalow, Craftsman

Listing agent Brandi Jones License #01385191

Listing office KW Thrive Santa Cruz 1360-A 41st ave., Santa Cruz, CA

Listing date Jul 9, 2026

MLS# ML82049464 Listing URL

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 Santa Cruz duplex offers two 2-bedroom, 1-bath units (505 and 507) that share a wall and feature the same floor plan. Both sides have been renovated, with upgrades focused on core infrastructure including a copper re-plumb, new central heating, tankless water heaters, and dual-pane windows. Interior improvements include LifeProof LVP flooring, new doors, fixtures, and baseboards. The 505 kitchen was rebuilt with cabinetry, quartz countertops, subway tile to the ceiling, soft-close drawers, and recessed lighting on dimmers. The bathrooms were torn down to the studs and re-built with updated finishes.

The property includes extra lot space that may support an ADU, workshop, or garden, subject to buyer due diligence. One unit is owner occupied, and the other is tenant occupied with stated rent of $3,500 per month.

Interested parties should complete their own due diligence regarding future uses and any permitting requirements for the additional lot area.

Key Highlights

  • Move‑in‑ready Santa Cruz duplex with 2 units (505 and 507), both 2‑bed, 1‑bath, sharing a wall and the same floor plan
  • Renovations include copper re‑plumb, new central heating, tankless water heaters, and dual‑pane windows
  • Unit 505 kitchen rebuilt with quartz countertops, subway tile to ceiling, soft‑close drawers, and recessed lighting on dimmers

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Duplexes

Suggested Use

Barber Shop (Bike/Boat/Book/etc) Store Pet Grooming Service Pet Store (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store Pet Store & Service Veterinary Clinic HVAC Service (Bike/Boat/Book/etc) Store

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Duplex - Two renovated 2-bed, 1-bath units share a wall, with one side owner occupied and the other tenant occupied.
Where is this duplex located?
The property is located at 505 - 507 Hanover ST Santa Cruz, CA.
What is the asking price?
The asking price for this property is $1,799,000.
What are key features of this property?
This property features: Move‑in‑ready Santa Cruz duplex with 2 units (505 and 507), both 2‑bed, 1‑bath, sharing a wall and the same floor plan; Renovations include copper re‑plumb, new central heating, tankless water heaters, and dual‑pane windows; Unit 505 kitchen rebuilt with quartz countertops, subway tile to ceiling, soft‑close drawers, and recessed lighting on dimmers
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More about this property
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