High-Visibility Commercial/Residential
815 River Street Santa Cruz, CA 95060
For Sale
$899,000
Unique live/work property with high traffic exposure and off-street parking.
Property Size879 SF
Price / SF$1,022
Days on Market403
Property Features for 815 River Street
General Information
- Standard status
- Active
- Size
- 879 SF
Building Details
- Year Built
- 1950
Listing Agency:
MIRITZ & BAILEY REAL ESTATE, INC
Listed By:
LINDA BAILEY
Source:
Corcoran
Added: Jun 19, 2025
Changed: Mar 16
Last Checked: Mar 16 at 9:09AM
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 MIRITZ & BAILEY REAL ESTATE, INC
Investment Insights
Based on property information with market context.
This 879 square-foot property, currently used as a residence, is zoned CC and ideal for a live/work setup or full commercial use. Situated on a high-traffic corner, it offers unmatched exposure, bringing customers directly to your door with built-in advertising due to the steady stream of drive-by traffic. The property features plenty of off-street parking, secured by a custom bamboo fence and remote-controlled gate, adding both convenience and privacy. Tranquil zen-like garden spaces provide a peaceful retreat. Inside, two bedrooms have been converted into one spacious primary, while an additional room off the living area could easily serve as a private office. Double-pane windows minimize street noise, and the home is thoughtfully set back from the road for added comfort. This property is a blank canvas ready to match your vision.
Key Highlights
- Zoned CC, ideal for live/work or full commercial use.
- High‑traffic corner location provides unmatched exposure and built‑in advertising.
- Plenty of off‑street parking secured by a custom bamboo fence and remote‑controlled gate.
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 | $52.7k | $60.00 |
| − Vacancy | −$2.5k | −$2.82 |
| EGI | $50.3k | $57.18 |
| − OpEx | −$18.8k | −$21.44 |
| NOI | $31.4k | $35.74 |
879 SF · lease $60.00/SF/yr · vacancy 4.70% · expense 37.50%
Alternative Uses
Best Use
Mixed Use
$448.8K
$392.7K – $523.6K
NOI $31,413 @ 7.0% cap · market cap 3.49%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$502.6K
$439.8K – $586.4K
NOI $35,183 @ 7.0% cap · market cap 3.91%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Live-work space
FAQs
What type of property is this?
Live-work space - Unique live/work property with high traffic exposure and off-street parking.
Where is this live-work space located?
The property is located at 815 River Street Santa Cruz, CA.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: Zoned CC, ideal for live/work or full commercial use.; **High‑traffic corner location provides unmatched exposure** and built‑in advertising.; Plenty of off‑street parking secured by a custom bamboo fence and remote‑controlled gate.
