For sale

$2,500,000

338 Ocean St, Santa Cruz, CA 95060

3beds

2baths

2,150sqft

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Duplex, Residential Income

Built in 1885

-- sqft lot

$2,395,800 Zestimate^®

$1,163/sqft

$-- HOA

What's special

Victorian-style duplex

Charming Victorian-style duplex in the heart of Santa Cruz. The upper unit offers approximately 1,100 sq. ft. with 2 bedrooms and 1 bathroom, while the lower unit features approximately 800 sq. ft. with 1 bedroom and 1 bathroom, ideal for investment, owner-occupancy, or multigenerational living. A standout feature is the expansive 17,976 sq. ft. lot, offering compelling future development potential for multi-use and/or additional units (buyer to verify). Surrounded by established higher-density uses, the immediate area reflects what may be possible. For reference, the neighboring property at 314 Jessie St. is improved with an approximately 50-unit apartment building on a lot that appears only modestly larger, highlighting the upside opportunity for this exceptional parcel.

179 days

321

9

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Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 3
Bathrooms: 2

Heating

Other

Cooling

None

Features

Doors: Other

Interior area

Total structure area: 2,150
Total interior livable area: 2,150 sqft

Property

Parking

Total spaces: 10
Parking features: Leased, Off Street, Oversized
Garage spaces: 2
Has carport: Yes

Accessibility

Accessibility features: Other

Lot

Size: 0.39 Acres

Details

Parcel number: 01055109000
Zoning: R-L
Special conditions: Standard

Construction

Type & style

Home type: MultiFamily
Architectural style: Victorian
Property subtype: Duplex, Residential Income

Materials

Foundation: Concrete Perimeter
Roof: Composition

Condition

Year built: 1885

Utilities & green energy

Gas: PublicUtilities
Water: Public
Utilities for property: Public Utilities, Water Public

Community & HOA

Location

Region: Santa Cruz

Financial & listing details

Price per square foot: $1,163/sqft
Tax assessed value: $502,423
Annual tax amount: $5,885
Date on market: 1/6/2026
Listing agreement: ExclusiveRightToSell
Listing terms: CashorConventionalLoan
Inclusions: Building, Land

Estimated market value

$2,395,800

$2.28M - $2.52M

$3,591/mo

Price history

Date	Event	Price
1/6/2026	Listed for sale	$2,500,000+525%$1,163/sqft
Source: MLSListings Inc #ML82030410 Report a problem
11/17/2011	Sold	$400,000-20%$186/sqft
Source: Public Record Report a problem
4/20/2011	Sold	$500,111$233/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$6,337 +7.7%	$502,423 +2%
2024	$5,885 +1.2%	$492,572 +2%
2023	$5,817 +1.1%	$482,913 +2%
2022	$5,754 +2%	$473,444 +2%
2021	$5,640 +0.8%	$464,161 +1%
2020	$5,598 +2.3%	$459,401 +2%
2019	$5,474 +1.1%	$450,393 +2%
2018	$5,415 +1.2%	$441,563 +2%
2017	$5,348 +5.5%	$432,904 +2%
2016	$5,070 +4.4%	$424,416 +1.5%
2015	$4,857 +1.7%	$418,041 +2%
2014	$4,778	$409,852 +2.5%
2012	--	$400,000 -2.1%
2011	--	$408,500 -4.4%
2010	--	$427,500
2009	--	$427,500 +710.8%
2008	--	$52,723 +2%
2007	--	$51,689 +2%
2006	--	$50,676 +2%
2005	--	$49,682 +2%
2004	--	$48,708 +1.9%
2003	--	$47,815 +2%
2002	--	$46,878 +2%
2001	--	$45,959 +2%
2000	--	$45,057

Find assessor info on the county website

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All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.

HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.

Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.

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