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505 - 507 Hanover StreetSanta Cruz, CA 95062

For Sale

$1,799,000

Smart Buyer Rebate $17,990

Santa Cruz duplex buyers searching for a move-in-ready income property with no deferred maintenance and a single-family home feel - this is the one. Finding a duplex that has been genuinely renovated, not just cosmetically refreshed, is one of the hardest searches in real estate. Updated surfaces, original bones. Aging galvanized pipes behind new paint. The fear of inheriting someone else's deferred maintenance is real, and it is expensive. THIS property is different. 505 and 507 are two 2-bed, 1-bath units sharing a wall and have the same floor plan, both renovated, one side owner owner occupied, the other side tenant occupied at $3,500 rent p/month. The bones were addressed first: copper re-plumb, new central heating, tankless water heaters, and dual-pane windows. The work no one sees is exactly what was done. The kitchen in 505 was rebuilt -dove gray cabinetry, quartz countertops, subway tile to ceiling, soft-close drawers, recessed lighting on dimmers. Both bathrooms torn down to the studs. LifeProof LVP flooring. New doors, fixtures, and baseboards. The lot holds extra space for an ADU, workshop, or garden may be possible. Buyers to do due diligence. The infrastructure and amenities are what separates this property from the field.

Listed by Brandi Jones

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License #01385191

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KW Thrive Santa Cruz

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831-588-5145

Last updated June 16, 2026

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Source: MLSListings #ML82049464

Listing Facts

  • TypeMulti-family
  • NeighborhoodUpper Seabright
  • Days on Prevu7
  • Taxes$21,225/year
  • Size1,840 sqft
  • Price per sqft$978

Amenities

  • Pets Allowed
  • Parking

Location

Mortgage Calculator

Listing History

06/10/2026
Listed by KW Thrive Santa Cruz
$1,799,000

Property Details for 505 - 507 Hanover Street

Exterior

Construction

  • Number Of Units Total: 2
  • Roof: Composition
  • Stories: 1
  • Year Built: 1976
  • Year Built Details: 2
  • Architectural Style: Bungalow, Craftsman

Measurements

  • Building Area Total: 1,840
  • Lot Size Area: 8,756
  • Lot Size Source: Assessor
  • Lot Size Square Feet: 8,756
  • Lot Size Units: Square Feet

Financial

Residential Income

  • Cap Rate: 0.73
  • Gross Income: $42,000.00

Taxes

  • Parcel Number: 010-081
  • Tax Annual Amount: $21,225.00

Interior

Measurements

  • Living Area: 1,840

Parking

Parking

  • Carport: Yes
  • Garage Spaces: 2
  • Garage: Yes
  • Parking Features: Detached, On Street
  • Parking Total: 2

Schools

High School

  • High School District: Santa Cruz City Elementary

Utilities

Equipment

  • Heating: Central Forced Air
  • Sewer: Public Sewer
  • Utilities: Water - Public, Individual Electric Meters, Individual Gas Meters
  • Water Source: Public

Frequently Asked Questions

How many bedrooms does this multi-family home have?

There is bedrooms in this multi-family home at 505 - 507 Hanover Street.

Does this multi-family home have parking?

Yes, there are 2 parking spaces available for 505 - 507 Hanover Street.

What are the annual taxes for 505 - 507 Hanover Street?

Annual taxes for this multi-family home are estimated at $21,225.

How does 505 - 507 Hanover Street compare to other multi-family homes in Upper Seabright?

This multi-family home is listed 9% above the average price for multi-family homes in Upper Seabright and has been on the market for 42 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 1,840 sqft.

505 - 507 Hanover Street is a -bedroom multi-family home for sale in Santa Cruz CA 95062. Available on Prevu for 7 days at $1,799,000. This residence features 1,840 square feet of living space, located in Santa Cruz. The median listing price for multi-family homes in this area is $1,598,000. Property amenities include pets allowed and parking. Explore more 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.