1024 Soquel Avenue

Santa Cruz, CA 95062

$1,643,250

Sold Price
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straighten $137 / sqft

calendar_month Built

Property Description

Vacant lot on corner of Cayuga St & Soquel Ave in the heart of the desirable Seabright neighborhood of Santa Cruz. Huge development opportunity, with potential for increased density. Current approvals for multi-family development with first story commercial. Approval of a minor variation to increase the height to 40, which allows for the potential of ADUs. Probable project to add significant increased density potential with AB-2097, while reducing parking requirements. Additionally, this property is located in census tract 1010, which the City of Santa Cruz has designated as an Opportunity Zone- tax incentives for investment designed to spur growth. This is a rare opportunity for an approved development project in the Seabright area- centrally located to Seabright beach, Downtown Santa Cruz, and Pleasure point area. Walking distance to restaurants, shopping, coffee, grocery stores, post office, with abundant public transportation in close proximity.

Listing Information

Close Price $1,643,250
Close Date Tuesday, December 5th, 2023
Status Closed
MLS ML81931634
Type Land
Lot Size 11,935
Structure Size N/A
DOM 30
Courtesy Of Sherman & Boone Realtors
Listing Agent Erik Barbic DRE#01736370

Interior Features

Total Bedroom
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Total Bathroom
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Exterior Information

Maps

Listing information courtesy of: Erik Barbic, Sherman & Boone Realtors . *Based on information from the Association of REALTORS/Multiple Listing as of Dec 5th, 2023 at 11:20 AM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.