Exceptional investment opportunity in Santa Cruz with strong income history and flexible use potential. Formerly operated as The Adobe on Green, this distinctive property offers character, functionality, and long-term upside in a highly desirable location.The home features 6 bedrooms and 6 bathrooms, plus bonus space, each with private exterior access, an ideal setup for student housing, short-term rentals, or multi-generational living. The unique layout supports multiple income streams while maintaining privacy for occupants. Positioned just above downtown Santa Cruz, the property provides convenient access to local dining, shopping, and entertainment. Minutes to the boardwalk, beaches and UCSC, this location appeals to both residents and renters. Set on a spacious parcel just under half an acre, the property includes multiple outdoor gathering areas and energy-efficient features that enhance livability and operational value. A nearby community garden adds to the neighborhood appeal and lifestyle. A rare opportunity to acquire a property with proven income potential, versatile configuration, and a prime Santa Cruz location.
Sold for $1,975,000
Zillow last checked:
Listing updated:
Bought with:
Kaelin Wagnermarsh, 01945819
KW Thrive Santa Cruz
Source: MLSListings Inc,MLS#: ML82041879
Price history
| Date | Event | Price |
|---|---|---|
| 9/23/2026 | Sold | $1,975,000-11.2%$659/sqft |
Source:  MLSListings Inc #ML82041879 Report a problem | ||
| 9/16/2026 | Pending sale | $2,225,000$742/sqft |
Source: MLSListings Inc #ML82041879 Report a problem | ||
| 9/3/2026 | Contingent | $2,225,000$742/sqft |
Source: MLSListings Inc #ML82041879 Report a problem | ||
| 8/13/2026 | Price change | $2,225,000-14.4%$742/sqft |
Source: MLSListings Inc #ML82041879 Report a problem | ||
| 6/2/2026 | Price change | $2,600,000-3.7%$868/sqft |
Source: MLSListings Inc #ML82041879 Report a problem | ||
| 5/1/2026 | Listed for sale | $2,700,000+63.6%$901/sqft |
Source: MLSListings Inc #ML82041879 Report a problem | ||
| 8/30/2017 | Sold | $1,650,000+8.2%$551/sqft |
Source: Public Record Report a problem | ||
| 7/29/2005 | Sold | $1,525,000+27627.3%$509/sqft |
Source: Public Record Report a problem | ||
| 12/14/1998 | Sold | $5,500+450%$2/sqft |
Source: Public Record Report a problem | ||
| 9/15/1998 | Sold | $1,000-99.7% |
Source: Public Record Report a problem | ||
| 3/18/1994 | Sold | $370,000$123/sqft |
Source: Public Record Report a problem | ||
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$1,975,200
