319 Jessie Street, Santa Cruz, CA 95060
List Price: $1.09M
Listing Status: Active
Original List Price: $1.2M
0Days on Market: 157
3 Bedrooms · 2 Bathrooms · 1,475 sq ft
Property Type: Residential
Year Built: 1979
Lot Size: 5,009.4 sq ft
Garage Spaces: 2
MLS Number: ML82030981
About This Property
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.
Listing provided by: Paul Zech DRE #01965059 (831) 688-6461 paul.zech@cbrealty.com, Coldwell Banker Realty
Source: CRMLS, MLS #: ML82030981
Belmont Brokerage Inc. (DRE #02431308) is not the listing office for this property. We provide buyer representation and consultation. Any “Schedule a Tour” or “Contact” form on this page contacts a Belmont Brokerage agent — not the listing agent above.