603 Mission ST Santa Cruz, CA 95060
MULTI_FAMILY - SANTA CRUZ, CA
- Added:
- Jul 11, 2026
- Days on Market:
- 1
- Last Refresh:
- Jul 11 at 11:06 pm
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 agent Marvin Christie License #01894395 (831) 406-1031
Listing office Anderson Christie, Inc. 115 Knight Street, Santa Cruz, CA (831) 515-8421
Listing date Jul 11, 2026
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.
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
Local 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 |
