$995,000$1,200,000▼ $205K price cut
319 Jessie Street, Santa Cruz, CA 95060
29% below the Santa Cruz median of $1.4M (123 active listings)
42% of Santa Cruz listings have cut their price · half have been listed 38+ days
About this home
319 Jessie St, Santa Cruz-Turnkey Cash Flow in a Supply-Starved Market. At $4,800/month in current rental income, this East Santa Cruz income property is already working for you from day one. Annualized, that's $57,600 in gross rents in a coastal California city where vacancy rates stay historically low and rental demand consistently outpaces supply. The 3-bed, 2-bath single-story home spans 1,475 sq ft on a 5,009 sq ft lot with a 2-car attached garage and parking for up to four vehicles. Long-term tenants are in place, eliminating the typical turnover headache and stabilizing your returns immediately at close. RL zoning adds a layer of upside worth exploring potential for additional density or future development, subject to buyer verification with the City of Santa Cruz. The shared driveway arrangement with neighboring 315 Jessie St. keeps the footprint efficient.Whether you're 1031-exchanging into a low-maintenance hold or anchoring a growing Santa Cruz portfolio, this property delivers the fundamentals: reliable income, a desirable location, and room for long-term appreciation.
Property details
- Property type
- Single Family
- Year built
- 1979
- Lot size
- 5,009 sqft
- Garage spaces
- 2
- Parking spaces
- 4
- Stories
- 1
- County
- Santa Cruz
- Listed
- 242 days ago
- MLS #
- 82030981
- Listed by
- Paul Zech · Coldwell Banker Realty
Features
- Attached Garage
- Central Forced Air
- Fireplace: Wood Stove
- Roof: Composition
- Utilities: Public Utilities
- Sewer: Sewer - Public
- Water: Public
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Location
Approximate location based on the listing address.
