Exceptional investment opportunity in Santa Cruz with strong income history and flexible use potential. Formerly operated as The Adobe on Green, this distinctive property offers character, functionality, and long-term upside in a highly desirable location.The home features 6 bedrooms and 6 bathrooms, plus bonus space, each with private exterior access, an ideal setup for student housing, short-term rentals, or multi-generational living. The unique layout supports multiple income streams while maintaining privacy for occupants. Positioned just above downtown Santa Cruz, the property provides convenient access to local dining, shopping, and entertainment. Minutes to the boardwalk, beaches and UCSC, this location appeals to both residents and renters. Set on a spacious parcel just under half an acre, the property includes multiple outdoor gathering areas and energy-efficient features that enhance livability and operational value. A nearby community garden adds to the neighborhood appeal and lifestyle. A rare opportunity to acquire a property with proven income potential, versatile configuration, and a prime Santa Cruz location.
| MLS # | ML82041879 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | Active |
| Year | 1948 |
| Days On Site | 123 |
| Listing Provided By | KW Thrive Santa Cruz | Kaelin Wagnermarsh |
| Bed(s) | 6 |
|---|---|
| Bath(s) | 6 Total |
| SQ Feet | 2,997 |
| Zoning | R-1-6 |
| Acreage | 0.48 |
| Heating | Central |
|---|---|
| Heating Yes / No | Yes |
| Cooling Yes / No | Yes |
| Window Features | Skylights |
| Appliances | Refrigerator |
| Fireplace Yes / No | Yes |
| Roof | Shingle |
|---|---|
| Construction Materials | Adobe |
| Foundation Details | Permanent |
| Attached Garage Yes / No | No |
|---|---|
| Parking Features | Off Street, Uncovered |
| Garage Yes / No | No |
| State | CA |
|---|---|
| County | Santa Cruz |
| City | Santa Cruz |
| Zip Code | 95060 |
| Area | 699 Not Defined |
| Listing VS Median (in 95060) | |
Price: $2,225,000 low | high Med: $1,999,999 sqft: 2,997 low | high Med: 2,685 $ / sqft: $742 low | high Med: $745 On site: 123 low | high Med: 187 | |
| State | CA |
|---|---|
| County | Santa Cruz |
| City | Santa Cruz |
| Zip Code | 95060 |
| Area | 699 Not Defined |
| Listing VS Median (in 95060) | |
Price: $2,225,000 low | high Med: $1,999,999 sqft: 2,997 low | high Med: 2,685 $ / sqft: $742 low | high Med: $745 On site: 123 low | high Med: 187 | |
![]() | $2,549,000418 Cedar StreetSanta Cruz, CA 95060 |