26512661 Fresno Street, Santa Cruz, CA 95062

• 6,656 sqft

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!

Listing Status:

Active

Date Added:

July 8, 2026

Data Last Updated:

August 27, 2026 at 12:16PM

Listing Office:

Pertria : (408) 357-7777

Listing Agent:

Helen Pastorino : 408-357-7770

MLS ID:

ML82053491

Interior

• A/C: None
• Heating: Wall Furnace

Exterior

• Parking: Parking spaces: 10

Construction

• Roofing: BitumenCompositionFiberglassShingle

Location

• HOA Amenities: 0.0
• Originating MLS: CRMLS_MLSL
• School District: Other
• County: Santa Cruz

Lot

• Zoning: RM-5-PP02826350000

Utilities

• Water: Public

Financial

• Source: CRMLS_MLSL