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1430 Merrill St 3 Unit Apartment Building Offered at $1,995,000 Santa Cruz, CA 95062
INVESTMENT HIGHLIGHTS
- Three existing homes, ready for redevelopment
- Exceptional walkability to farmers market, dining, and amenities
- Flexible development options
- Unmatched Coastal Location - Walk to Black's Beach
- Strong development returns with projected completed value
EXECUTIVE SUMMARY
RARE OPPORTUNITY: Walk to Black's Beach
Three fixer-upper detached 1BR/1BA homes on approximately 20,000 SF high-density multifamily development site in the heart of Live Oak's coveted East Cliff Village neighborhood. This exceptional property combines coastal living with unparalleled walkability, offering multiple development paths in one of California's most desirable beach communities.
Development Potential:
• Zoning: R-UH/RM-2.5 (General Plan/Zoning)
• Conforming Density: Up to 19 units (14 base units + 5 density bonus units)
• Current Structures: Three existing single-family homes
Development Options:
1. Full Redevelopment: Build up to 19 multifamily units on this premium coastal site
2. Partial Development: Add approximately 6 additional units while preserving existing structures
3. Single-Family Luxury: Rebuild existing homes for maximum privacy and outdoor space
In a market starved for new housing, this site offers the rare combination of premium coastal location, exceptional walkability, and meaningful development scale. Whether pursuing multifamily development or luxury single-family options, this property delivers both immediate returns and long-term wealth creation potential.
Additional Information:
• Topographical survey available
• Walking distance to Black's Beach
• Located in walkable East Cliff Village district
Buyer is responsible for verifying all development potential, density calculations, and project feasibility with local planning authorities.
Three fixer-upper detached 1BR/1BA homes on approximately 20,000 SF high-density multifamily development site in the heart of Live Oak's coveted East Cliff Village neighborhood. This exceptional property combines coastal living with unparalleled walkability, offering multiple development paths in one of California's most desirable beach communities.
Development Potential:
• Zoning: R-UH/RM-2.5 (General Plan/Zoning)
• Conforming Density: Up to 19 units (14 base units + 5 density bonus units)
• Current Structures: Three existing single-family homes
Development Options:
1. Full Redevelopment: Build up to 19 multifamily units on this premium coastal site
2. Partial Development: Add approximately 6 additional units while preserving existing structures
3. Single-Family Luxury: Rebuild existing homes for maximum privacy and outdoor space
In a market starved for new housing, this site offers the rare combination of premium coastal location, exceptional walkability, and meaningful development scale. Whether pursuing multifamily development or luxury single-family options, this property delivers both immediate returns and long-term wealth creation potential.
Additional Information:
• Topographical survey available
• Walking distance to Black's Beach
• Located in walkable East Cliff Village district
Buyer is responsible for verifying all development potential, density calculations, and project feasibility with local planning authorities.
PROPERTY FACTS
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 3 | - | 540 |
1 1
Walk Score®
Very Walkable (71)
Bike Score®
Biker's Paradise (93)
PROPERTY TAXES
| Parcel Number | 027-273-01-000 | Improvements Assessment | $24,964 |
| Land Assessment | $46,344 | Total Assessment | $71,308 |
PROPERTY TAXES
Parcel Number
027-273-01-000
Land Assessment
$46,344
Improvements Assessment
$24,964
Total Assessment
$71,308
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1430 Merrill St
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