About 338 Ocean Street
Charming Victorian-style duplex in the heart of Santa Cruz. The upper unit offers approximately 1,100 sq. ft. with 2 bedrooms and 1 bathroom, while the lower unit features approximately 800 sq. ft. with 1 bedroom and 1 bathroom, ideal for investment, owner-occupancy, or multigenerational living. A standout feature is the expansive 17,976 sq. ft. lot, offering compelling future development potential for multi-use and/or additional units (buyer to verify). Surrounded by established higher-density uses, the immediate area reflects what may be possible. For reference, the neighboring property at 314 Jessie St. is improved with an approximately 50-unit apartment building on a lot that appears only modestly larger, highlighting the upside opportunity for this exceptional parcel.
Features of 338 Ocean Street
| MLS® # | ML82030410 |
|---|---|
| Price | $2,500,000 |
| Bedrooms | 3 |
| Bathrooms | 0.00 |
| Square Footage | 2,150 |
| Acres | 0.39 |
| Year Built | 1885 |
| Type | Residential Income |
| Sub-Type | Duplex |
| Style | Victorian |
| Status | Active |
Community Information
| Address | 338 Ocean Street |
|---|---|
| Area | 699 - Not Defined |
| City | Santa Cruz |
| County | Santa Cruz |
| Zip Code | 95060 |
Amenities
| Parking Spaces | 10 |
|---|---|
| Parking | Off Street |
| # of Garages | 2 |
| Garages | Off Street |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Cooling | None |
|---|---|
| Has Basement | No |
| Fireplace | No |
Exterior
| Roof | Composition |
|---|---|
| Foundation | Concrete Perimeter |
School Information
| District | Other |
|---|
Additional Information
| Date Listed | January 6th, 2026 |
|---|---|
| Days on Market | 250 |
| Zoning | R-L |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Agent | Paul Zech |
|---|---|
| Office | Coldwell Banker Realty |