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338 Ocean Street, Santa Cruz CA 95060
338 Ocean Street, Santa Cruz CA 95060
338 Ocean Street, Santa Cruz CA 95060
338 Ocean Street, Santa Cruz CA 95060
338 Ocean Street, Santa Cruz CA 95060
338 Ocean Street, Santa Cruz CA 95060
338 Ocean Street, Santa Cruz CA 95060
338 Ocean Street, Santa Cruz CA 95060
338 Ocean Street, Santa Cruz CA 95060
338 Ocean Street, Santa Cruz CA 95060
California>Santa Cruz>Lower Ocean

338 Ocean StreetSanta Cruz, CA 95060

For Sale

$2,500,000

Smart Buyer Rebate $25,000

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.

Listed by Paul Zech

·

License #01965059

·

Coldwell Banker Realty

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831-247-3007

Last updated January 14, 2026

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Source: MLSListings #ML82030410

Listing Facts

  • TypeMulti-family
  • NeighborhoodLower Ocean
  • Days on Prevu25
  • Taxes$5,885/year
  • Size2,150 sqft
  • Price per sqft$1,163

Amenities

  • Pets Allowed
  • Parking

Location

Mortgage Calculator

Listing History

01/27/2026
Status changed to Active
$2,500,000
01/22/2026
Status changed to Removed from Feed
$2,500,000
01/06/2026
Listed by Coldwell Banker Realty
$2,500,000

Property Details for 338 Ocean Street

Exterior

Construction

  • Number Of Units Total: 2
  • Roof: Composition
  • Year Built: 1885
  • Year Built Details: 2
  • Architectural Style: Victorian

Measurements

  • Building Area Total: 2,150
  • Lot Size Area: 17,076
  • Lot Size Source: Assessor
  • Lot Size Square Feet: 17,076
  • Lot Size Units: Square Feet

Financial

Residential Income

  • Cap Rate: 2.55
  • Gross Income: $72,400.00

Taxes

  • Parcel Number: 010-551-09-000
  • Tax Annual Amount: $5,885.00

Interior

Measurements

  • Living Area: 2,150

Other

Features

  • Accessibility Features: Other

Parking

Parking

  • Carport: Yes
  • Garage Spaces: 2
  • Garage: Yes
  • Parking Features: Leased Parking, Off-Street Parking, Room For Oversized Vehicle
  • Parking Total: 10

Schools

High School

  • High School District: Santa Cruz City Elementary

Utilities

Equipment

  • Heating: Other
  • Utilities: Public Utilities, Water - Public
  • Water Source: Public

Frequently Asked Questions

How many bedrooms does this multi-family home have?

There is bedrooms in this multi-family home at 338 Ocean Street.

Does this multi-family home have parking?

Yes, there are 2 parking spaces available for 338 Ocean Street.

What are the annual taxes for 338 Ocean Street?

Annual taxes for this multi-family home are estimated at $5,885.

How does 338 Ocean Street compare to other multi-family homes in Lower Ocean?

This multi-family home is listed 58% above the average price for multi-family homes in Lower Ocean and has been on the market for 107 less days than the typical home in this area.

What is the square footage on this multi-family home?

According to the MLS, this listing is 2,150 sqft.

338 Ocean Street is a -bedroom multi-family home for sale in Santa Cruz CA 95060. On Prevu for 25 days at $2,500,000. This residence features 2,150 square feet of living space, located in Lower Ocean. The median listing price for multi-family homes in this area is $1,152,944. Additional amenities include pets allowed and parking. View other multi-family home listings in Santa Cruz.

Based on information from MLSListings™️ and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by Prevu or the MLS. Information is provided exclusively for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing.

Full MLS Disclaimers

Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.