About This Home

This 0-bedroom, 0-bathroom commercial at 806 Ocean Street in Santacruz, CA is listed for $2,775,000 ($426 per sqft). Built in 1981, the home offers 6,508 sqft of living space on a 0.46 acres lot.

Key Features

  • Built in 1981
  • 0.47 acre lot
  • 2 stories
  • 22 parking spaces

Property Details

2 stories
22 spaces
1981

Amenities

A/C
Listing Description

Positioned at the epicenter of the rapidly evolving Ocean St. corridor, 806 Ocean represents a premier development opportunity in Santa Cruzs most aggressive growth zone. Spanning just under a half acre with the highly coveted MU-VH zoning, this property is a blank canvas perfectly situated to benefit from the massive infrastructure and residential investments currently transforming the citys gateway.

Developers can leverage State Density Bonus Laws to exceed traditional caps, creating a high-yield, flagship project that mirrors the 5 & 6 story developments rising on neighboring blocks. This rare zoning allows for a strategic blend of high-density residential and lucrative visitor-serving commercial uses.

Beyond its development potential, 806 Ocean offers a de-risked transition for investors, with a current lease in place to offset holding costs during the entitlement phase. The sites location is unrivaled for connectivity, offering direct access to Highway 17 and Highway 1 while remaining walking distance to the San Lorenzo Riverwalk, Downtown, and the Beach Boardwalk.

As Santa Cruz shifts toward a transit-oriented future, this site stands as the next logical domino to fall in a high-yield corridor. Secure the chance to shape the skyline of a neighborhood being reborn.

Monthly Cost Estimate

$14,841/mo

20% down · 6.5% · 30 years

Principal$2,007
Interest$12,025
Insurance$809

Estimates only. Actual payments may vary.

Location

806 Ocean Street

Santacruz, CA 95060

Property Details

Heating

Forced Air

Cooling

Central AirGas (Cooling)

Questions & Answers

This 0-bedroom, 0-bathroom commercial at 806 Ocean Street is listed at $2,775,000 ($426/sqft). The estimated monthly payment is $14,841 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1981, 0.47 acre lot, 2 stories, 22 parking spaces.

This property is listed by The Portola Group.

TG

The Portola Group

License 70010159

Agent at Keller Williams Santa Cruz/ Santa Cruz Real Estate Group,Inc.

Listed by Keller Williams Santa Cruz/ Santa Cruz Real Estate Group,Inc. · Broker phone: (831) 457-5500 · Broker website

MLS# ML82032670· Source: MLS Listings, Inc.· 278 days on PropertySimple

Copyright © 2026 MLS Listings, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

806 Ocean Street, Santacruz, CA 95060

Open this listing in: