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.
| MLS # | ML82030981 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | Active |
| Year | 1979 |
| Days On Site | 233 |
| Listing Provided By | Coldwell Banker Realty | Paul Zech |
| Bed(s) | 3 |
|---|---|
| Bath(s) | 2 Total |
| SQ Feet | 1,475 |
| Garage | 2 |
| Story(s) | 1 |
| Zoning | R-L |
| Acreage | 0.12 |
| Cooling | None |
|---|---|
| Heating | Central |
| Heating Yes / No | Yes |
| Cooling Yes / No | Yes |
| Fireplace Yes / No | Yes |
| Roof | Composition |
|---|---|
| Foundation Details | Concrete Perimeter |
| Attached Garage Yes / No | Yes |
|---|---|
| Garage Yes / No | Yes |
| Sewer | Public Sewer |
|---|
| State | CA |
|---|---|
| County | Santa Cruz |
| City | Santa Cruz |
| Zip Code | 95060 |
| Area | 699 Not Defined |
| Listing VS Median (in 95060) | |
Price: $995,000 low | high Med: $1,385,000 sqft: 1,475 low | high Med: 1,352 $ / sqft: $675 low | high Med: $1,024 On site: 233 low | high Med: 130 | |
| State | CA |
|---|---|
| County | Santa Cruz |
| City | Santa Cruz |
| Zip Code | 95060 |
| Area | 699 Not Defined |
| Listing VS Median (in 95060) | |
Price: $995,000 low | high Med: $1,385,000 sqft: 1,475 low | high Med: 1,352 $ / sqft: $675 low | high Med: $1,024 On site: 233 low | high Med: 130 | |
![]() | $900,000311 Ocean StreetSanta Cruz, CA 95060 |
![]() | $1,325,000315 Ocean StreetSanta Cruz, CA 95060 |