338 Ocean Street Santa Cruz, CA $ 2,500,000
338 Ocean Street
$ 2,500,000
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338 Ocean Street

Santa Cruz, CA, 95060
$ 2,500,000
Baths0.0 Sq 2,150

Monthly Estimate*

$ 15,393

Listed by Coldwell Banker Realty
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Studio

Multi-Family Home for sale in Santa Cruz, CA

for $2,500,000. This 2,150 square foot home was built in 1885 on a lot size of 0.392.

Charming Victorian-style duplex in the heart of Santa Cruz. The upper unit offers approximately 1,100 sq. ft. with 2 bedrooms and 1 bathroom, while the lower unit features approximately 800 sq. ft. with 1 bedroom and 1 bathroom, ideal for investment, owner-occupancy, or multigenerational living. A standout feature is the expansive 17,976 sq. ft. lot, offering compelling future development potential for multi-use and/or additional units (buyer to verify). Surrounded by established higher-density uses, the immediate area reflects what may be possible. For reference, the neighboring property at 314 Jessie St. is improved with an approximately 50-unit apartment building on a lot that appears only modestly larger, highlighting the upside opportunity for this exceptional parcel.

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Multi-Family Active

Price

$ 2,500,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 5,885

Style

Lot Size

0.392

Year Built

1885

Town/City

Santa Cruz

County/Region

Santa Cruz

MLS | Web ID

ML82030410

Days on Market

10

Features
General
Living Area 2150
Cooling None
Roof Composition
Zoning R-L
Garage Spaces 2
Architectural Style Victorian
Year Built 1885
Property Subtype Duplex
Accessibility Other
County Santa Cruz
Insurance Expense 2465
Property Type Residential Income
HOA false
MaintenanceExpense 200
Garage Y/N true
Special Listing Conditions Standard
Status Active
Directions Use the alley street between 350 Ocean St and 330 Ocean St drive to the back Cross Street: Jessie
City Santa Cruz
High School District Other
MLS Area 699 - Not Defined
Lot Size Units Square Feet
Lot Size Square Feet 17076
Carport Spaces 0
Tax Annual Amount 5885
Trash Expense 0
Standard Status Active
Occupancy Type Tenant
Year Built Source Assessor
Property Sub Type Additional Duplex
Cap Rate 2.55
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Interior
Air Conditioning Y/N true
Heating Y/N true
Total Baths 0
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Exterior
Parking Features Off Street
Water Source Public
Total Parking 10
Lot Size Area 17076
Foundation Details Concrete Perimeter
Number of Buildings 1
Building Area Total 2150
Lot Size Acres 0.392
Lot Size Source Assessor
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* Excluded Features
List By
Coldwell Banker Realty

Broker

paul.zech@cbrealty.com

Email

Affordability Calculator

$15,883
Per Month
97%
3%
0%
Monthly Principal & Interest
$15,393
Monthly Property Taxes
$490
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
1/7/2026$2,500,000 Listed Price

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338 Ocean Street, Santa Cruz, CA, 95060 is a Multi-Family Home for sale at $2,500,000 with 2,150 sqft and a lot size of 0.392. 338 Ocean Street is a studio with 0.0 baths and was built in 1885. The property's zip code is 95060 which is in Santa Cruz, CA