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: Walk Score 84, Bike Score 100, just ~0.8 miles to Twin Lakes State Beach with easy access to Sunny Cove Beach, the harbor, parks, dining, and transit. Pricing is structured at present value and adjusts as the seller hits benchmark milestones. See disclosures for full renderings, site plans, and proposal details.