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.
For sale
$2,500,000
338 Ocean St, Santa Cruz, CA 95060
3beds
2baths
2,150sqft
Duplex, Residential Income
Built in 1885
-- sqft lot
$2,335,300 Zestimate®
$1,163/sqft
$-- HOA
What's special
Victorian-style duplex
- 234 days
- 369
- 7
Zillow last checked:
Listing updated:
Listed by:
Paul Zech 01965059 831-247-3007,
Coldwell Banker Realty 831-688-6461
Source: MLSListings Inc,MLS#: ML82030410
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: $512,472
- Annual tax amount: $5,885
- Date on market: 1/6/2026
- Listing agreement: ExclusiveRightToSell
- Listing terms: CashorConventionalLoan
- Inclusions: Building, Land
Estimated market value
$2,335,300
$2.22M - $2.45M
$4,079/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 |
|---|---|---|
| 2026 | -- | $512,472 +2% |
| 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
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: 95060
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