CA
Santa Cruz
SANTA CRUZ
95062
2651-2661 Fresno Street
2651-2661 Fresno Street, SANTA CRUZ, CA 95062
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Listing Type
Multi Family
Listing Status
Active
20
$4,245,000

Home Details for 2651-2661 Fresno Street

Price
$4,245,000
Type
Residential Income
Square feet
6656
Year built
1970
Lot size acres
0.69
County
Santa Cruz
MLS Listing#
ML82053491
Listed By: Pertria - 408-357-7777
Listed By: Helen Pastorino
Property Description

EXCELLENT OPPORTUNITY WHETHER A DEVELOPER OR AN INVESTOR. 2651-2661 Fresno Street is a rare jewel in the heart of Santa Cruz's coveted 26th Ave neighborhood, just 0.3 miles from the beach & surrounded by the coastal lifestyle that makes this pocket so desirable. For a developer, the opportunity is exceptional: feasibility study recommends redevelopment into 3-story townhomes, w/ Option A identifying a 13-unit townhouse concept utilizing State Density Bonus Laws. While pursuing entitlements, the property offers the rare advantage of in-place income, generating $26,000+ per month from 8 updated, fully leased residential units. For an investor, the existing asset is equally compelling. The upside or future opportunity to secure cash flow & retain the upside to sell, entitle or develop for add'l value. The property has updated kitchens & baths, private fenced-in yards, large common area w/ chairs & fire pit, fresh exterior paint & new landscaping, separate gas & electrical meters, 2 laundry rooms w/ app-operated payment, 8 carports & 10 onsite parking. In a market defined by limited housing supply, strong rental demand & exceptional beach proximity, Fresno Street offers immediate income today w/ a seductive path toward future upside tomorrow. Enjoy!

Property Features
  • Parking
    • Carport
    • On Street
    • Assigned
  • Cooling Information
    • None
  • Heating Information
    • Wall Furnace
  • Water Features
    • Public
School Information
School Information for 2651-2661 Fresno Street, SANTA CRUZ, CA 95062
Elementary School
Del Mar Elementary
Middle School
Shoreline Middle
High School
Soquel High
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Based on information from the MLSListings MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Copyright 2026 MLSListings Inc. All rights reserved.

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Last Updated: 2026-07-14 15:50:14
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EXIT REALTY CONSULTANTS
16175 Monterey #A, Morgan Hill, CA 95037
CA DRE# 01424183. Kris Klair Broker.
Margaret Vierra
Associate Broker
Office
408 778 9990
Agent
408 202 3243
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