1610 Bulb, Santa Cruz CA 95062 | $1,595,000

Prime Development property! Lot split for 10 additional units given green light by County of Santa Cruz using SB1123. Total of 5 lots to construct 5 SFRs with attached JADU's will go on newly created back parcel and front parcel will remain with existing charming California 2/1 + 1/1 cottage. Front parcel has long driveway for parking & plenty of room will remain for an additional 2 bedroom, 2 bath ADU (plans & bid available with sale). Rear parcel will use SB1123 zoned for up to 10 units (5 single family homes with attached JADUs. Property in total is 13,000+sq.ft., level & adjacent to Capitola! The super cute 2-bedroom, 1-bathroom main house spans 1,029 sq.ft. & features two ground floor bedrooms and a beautifully updated bath w/ tub. Large patio & inside laundry area w/ a washer & dryer. Also existing is a detached 1-bed, 1-bath ADU of approximately 300 sq ft (buyer to verify size), perfect for guest quarters or keep as additional rental income. Both units are fully rented. Exceptional flexibility & upside, this property is ideal for developers, investors, owner-users, or anyone looking to create a multi-unit rental property in one of Santa Cruz's highly desirable neighborhoods. Across from the Capitola Mall.

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