1960 Maciel Ave - 21 Detached Single-Family Home Development
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1960 Maciel Ave - 21 Detached Single-Family Home Development
2.37 Acres of Residential Land Offered at £5,868,375 in Santa Cruz, CA 95062
Investment Highlights
- Approved tentative map for 21 detached single-family residences
- Median household income of $87,220 within 5-mile radius, compared to the U.S. average of $68,480
- Whole Foods, Trader Joe’s, Target, and CVS are less than one mile away, along with dozens of restaurants, stores, and personal service businesses
- Live Oak had a median detached home price of $1,497,500 as of Q3 2024
- Excellent access to Highway 1 from interchanges at Soquel Drive at 41st Avenue
- Less than two miles to Capitola Village and multiple beaches
Executive Summary
Development of 21 Single-Family Homes on 2.37 Acres of land in Santa Cruz County. There are three floorplans available, each with 3 bedrooms. Two of the floorplans include 3 bathrooms, while the third has 2.5 bathrooms. Each home is planned with an attached 2-car garage. Home sizes range from 1,670 SF to 2,330 SF.
Property Facts
| Price | £5,868,375 | Property Type | Land |
| Sale Type | Investment | Property Subtype | Residential |
| Sale Conditions | Development Sale | Total Lot Size | 2.37 AC |
| No. Lots | 1 | Opportunity Zone |
Yes
|
| Price | £5,868,375 |
| Sale Type | Investment |
| Sale Conditions | Development Sale |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Total Lot Size | 2.37 AC |
| Opportunity Zone |
Yes |
1 Lot Available
Lot
| Price | £5,868,375 | Lot Size | 2.37 AC |
| Price Per AC | £2,476,108 |
| Price | £5,868,375 |
| Price Per AC | £2,476,108 |
| Lot Size | 2.37 AC |
Density: 10 DU/AC Gross Site Size: 2.37 Acres Net Site Size: 2.10 Acres
Bike Score ®
Very Bikeable (73)
PROPERTY TAXES
| Parcel Number | 029-391-09-000 | Improvements Assessment | £11,971 |
| Land Assessment | £1,185,177 | Total Assessment | £1,197,149 |
PROPERTY TAXES
Parcel Number
029-391-09-000
Land Assessment
£1,185,177
Improvements Assessment
£11,971
Total Assessment
£1,197,149
zoning
| Zoning Code | SU-D (Special Use) |
| SU-D (Special Use) |
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Joshua Johnson -
David Cutler -
Kirk Trammell -
Marcus & Millichap
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1960 Maciel Ave - 21 Detached Single-Family Home Development
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