Santa Cruz Victorian Office
SANTA CRUZ, Santa Cruz 95060
- Added:
- Apr 14, 2026
- Days on Market:
- 38
- Last Refresh:
- May 21 at 5:06 pm
Property Features for SANTA CRUZ
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- Commercial
- Parking
- 17
- Parking features
- Covered
- Security features
- Security Alarm
- Standard status
- Active
- Size
- 4,823 SF
- Lot size
- 0.42 Acres
Utilities
- Water source
- Public
Building Details
- Year built
- 1889
- 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 Apr 14, 2026
MLS# ML81949855
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.
HighLights
- Spacious 4,623 Sq. Ft. Victorian house with 6 private offices, meeting rooms, and breakrooms.
- Prime location on a highly visible corner, walking distance to downtown Santa Cruz restaurants and shops.
- Includes a separate structure with a legal residential unit offering live/work opportunity or rental income.
- Three parcels totaling over 18,000 Sq. Ft. with potential to merge lots.
- New zoning allows for multi‑residential use and potential for future development.
- Established history with therapy and professional office users; suitable for live/work, group home, or recovery facility.
Overview
This spacious Victorian house, currently used as an office, offers a rare opportunity to own a piece of Santa Cruz history. The property is located on a highly visible corner on one of Santa Cruz's most well-traveled roads, yet is within walking distance of downtown restaurants and shops. The building measures 4,623 square feet, with an additional 200 square feet of storage space. The layout includes 6 private offices, several meeting rooms, and breakrooms. A separate structure on the property contains a legal residential unit on the second floor above private office space, offering an opportunity for live/work arrangements or rental income. The property has an established history with therapy and professional office users. Possible uses include live/work, group home, transitional housing, or a recovery facility. The property consists of a total of three parcels, totaling over 18,000 square feet. There is potential to merge lots for future development possibilities. The new zoning allows for multi-residential use. Buyers should verify residential and developmental possibilities with the City of Santa Cruz.
Financial Insights
Value Estimation Calculated for Mixed Use
Conservative
$1.92M
NOI $172,362 @ 9.00% cap · cautious / downside scenario
Moderate
$2.46M
NOI $172,362 @ 7.00% cap · market / base-case scenario
Aggressive
$3.45M
NOI $172,362 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
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.
Calculated for Mixed Use
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $289.4k | $60.00 |
| − Vacancy | −$13.6k | −$2.82 |
| EGI | $275.8k | $57.18 |
| − OpEx | −$103.4k | −$21.44 |
| NOI | $172.4k | $35.74 |
4,823 SF · lease $60.00/SF/yr · vacancy 4.70% · expense 37.50%
Alternative Use Scenarios
Best Use
Mixed Use
$2.46M
$2.15M – $2.87M
NOI $172,362 @ 7.0% cap · market cap 6.38%
Second Best
Office B
$1.69M
$1.48M – $1.98M
NOI $118,501 @ 7.0% cap · market cap 4.39%
Theoretical Best
Retail
$2.76M
$2.41M – $3.22M
NOI $193,045 @ 7.0% cap · market cap 7.15%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Office buildings
Map
- City
- Santa Cruz
- County
- Santa Cruz
- State
- Longitude
- -122.026987
- Latitude
- 36.958877
Nearby Similar for Sale
FAQs
What type of property is this?
Office building - Victorian office with live/work unit in Santa Cruz.
Where is this office building located?
The property is located at SANTA CRUZ Santa Cruz.
What is the asking price?
The asking price for this property is $2,700,000.
What are key features of this property?
This property features: Spacious 4,623 Sq. Ft. Victorian house with 6 private offices, meeting rooms, and breakrooms.; Prime location on a highly visible corner, walking distance to downtown Santa Cruz restaurants and shops.; Includes a separate structure with a legal residential unit offering live/work opportunity or rental income.
