Victorian Mixed-Use
For Sale
$2,535,000
603 Mission Street, Santa Cruz, CA 95060
ResidentialIncome, SantaCruz, CA
Property Size5,923 SF
Lot Size0.42 Acres
Price / SF$427.99
Days on Market678
Property Features for 603 Mission Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
Commercial
Parking
17
High school
SantaCruzCityElementary
High school district
SantaCruzCityElementary
Subdivision
WestSantaCruz
Standard status
Active
APN
006-411-02-000
Size
5,923 SF
Lot size
0.42 Acres
Taxes and HOA fees
Tax Annual Amount
39000
Utilities
Sewer type
Public Sewer
Water source
Public
Building Details
Year built
1889
Flooring type
Hardwood, Carpet
Roof type
Composition, Shingle
Listing Agency:
Anderson Christie, Inc.
(831) 515-8421
Listed By:
Marvin Christie · License #01894395
(831) 406-1031
Added: Dec 12, 2024
Changed: Oct 21
Last Checked: Oct 21 at 11:06AM
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.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The property centers on an 1889 Victorian house currently configured for office use, with six private offices, meeting rooms, and breakrooms. The house contains 4,623 square feet, plus 200 square feet of storage. Hardwood and carpet flooring are present. A second, separate structure has private office space below a legal residential unit. The property spans three parcels totaling 0.415 acres and carries Commercial zoning; the remarks also identify a city allowance for multi-residential conversion, with buyers directed to confirm residential and development possibilities with the City of Santa Cruz.
Located on a corner along a well-traveled road, the property is within walking distance of downtown restaurants and shops. Public water and sewer serve the site.
Located on a corner along a well-traveled road, the property is within walking distance of downtown restaurants and shops. Public water and sewer serve the site.
Key Highlights
- 1889 Victorian house with six private offices, meeting rooms, and breakrooms
- 4,623‑square‑foot house plus 200 square feet of storage
- Separate building includes private office space and a legal residential unit above
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$211,673
Cap Rate
8.35%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,233,460
$4.2M
Cap Rate 7%
$3,023,900
$3.0M
Cap Rate 9%
$2,351,922
$2.4M
Market Conditions
NOI Build-Up for 5,923 SF
Gross rent
$355.4K $60.00/SF
− Vacancy
−$16.7K −$2.82/SF
EGI
$338.7K $57.18/SF
− OpEx
−$127.0K −$21.44/SF
NOI
$211.7K $35.74/SF
Area
Santa Cruz County, CA
Vacancy
4.70%
Lease Rate
$60.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,233,460
Cap Rate 7%
$3,023,900
Cap Rate 9%
$2,351,922
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 authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
3,288
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Mixed-use property - A Victorian office property includes a separate building with a legal residence above private office space.
Where is this mixed-use property located?
The property is located at 603 Mission Street 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: 1889 Victorian house with six private offices, meeting rooms, and breakrooms; 4,623‑square‑foot house plus 200 square feet of storage; Separate building includes private office space and a legal residential unit above
