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113 Ocean View Ave
Santa Cruz, CA 95062

1.6 Acre Residential Parcel w/ Ocean Views · Land For Sale · 1.60 AC

INVESTMENT HIGHLIGHTS

  • General Plan Designation allows for up to 10 dwellings per acre
  • Views of Ocean, SC Beach Boardwalk and City Lights!
  • Large residential lot on Premium Street (2 APN's)
  • ROFR for two additional adjacent lots totaling .65 acres with 7 units generating gross annual rents of $286k +/-

PROPERTY FACTS

Property Type Land
Property Subtype Residential
Total Lot Size 1.60 AC

DESCRIPTION

Heritage property on 1.6 lush acres (2 legal lots). This iconic estate is framed by views of the Pacific, Boardwalk & city lights. The City's General plan allows for 10 dwellings per acre. The existing home is tucked behind private gates & encircled in landscaping, the storybook English cottage home's charming facade is made of stone w/slate roof. Fireplaces warm a cozy interior lined in hardwoods & peppered with period details. Rebuilt in 1936, its original charm was preserved and beautifully updated in 2022. This home is NOT designated historical. Designed for single-level living w/ground floor family, dining, living, chef's kitchen, powder, w/d, primary suite & terrace. Upstairs features two beds & bath. Lower level w/ 4th bed/office, full bath, laundry, workshop, gym/garage + storage. Enormous resort-style pool deck w/gazebo & bath. Shaded by a pergola, an outdoor kitchen w/ granite counters features Viking appliances. Sold w/ adjacent .26 acre lot w/art studio & 2 storage bldgs for total of 1.6 acres. Walk to beaches, Boardwalk, La Posta, Buttery, Shoppers & more! ROFR (NOT INCLUDED IN SALE OF 113/201 OCEAN VIEW) for 2 add'l lots (parcels 17 and 12) = .65 acres + 7 units with gross rents of $280k +/- per year.

ZONING

Zoning Code R15 (Residential, allows for 10 dwelling units per acre)
  • Listing ID: 26151576

  • Date on Market: 7/12/2022

  • Last Updated:

  • Address: 113 Ocean View Ave, Santa Cruz, CA 95062