Santa Cruz, CA95062
| MLS# ML82043314
Tract:
For Sale $1,988,000
Description
Located in the heart of walkable Midtown Santa Cruz, this 0.86-acre C-1 zoned site sits where residential charm meets commercial energy, surrounded by eclectic cafes, local businesses, and cultural venues, making it a natural fit for mixed-use development. The proposed project features 57 residential units (5 studios, 32 one-bedrooms, 20 two-bedrooms, including 6 VLI units) plus 4,793 SF of ground-floor commercial space with underground parking. Designed by acclaimed Hochhauser Blatter Architects, the modern 4-story concept includes 87 structured parking spaces, private balconies, rooftop terraces, a courtyard, and a public plaza designed to expand the footprint and maximize ROI. Bonus density is already approved with concessions on height, parking, and use, unlocking 100,843 SF of total buildable area, with an alternative affordable housing path that could yield 80+ units for density-focused investors. The location speaks for itself 0.8 miles to Twin Lakes State Beach with easy access to Sunny Cove Beach, the harbor, parks, dining. Pricing is structured at present value and adjusts as the seller hits benchmark milestones. See disclosures for full renderings, site plans, and proposal details. Aerial Interactive Image: https://kuula.co/share/LfvnK?logo=1&info=1&fs=1&vr=0&thumbs=1
Facts
| Built in | Lot Size: 39000.00 sqft | HOA Dues: $0/month
Features
Listing provided by Frank C. Oliver, Oliver Group
Based on information from California Regional Multiple Listing Service, Inc. as of April 21, 2026. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
