By Julie Reynolds Martinez
Yes, we know it’s been called California’s “least affordable city” for a while now. But we decided to take a look for ourselves. Cruising through Santa Cruz open houses on a recent sunny afternoon, the VOMB Squad found quite a range of prices. Were any of them affordable? Well… here are a few stellar examples.
Yep, if you want to be near downtown Santa Cruz, $1.2 million will get you a two-bedroom, two-bath, er, bungalow. Okay, it does sit on a (steep) .4-acre lot. But still. Really?
$150,000 — a steal at twice the price. But.
Units such as this one in the De Anza mobile home park on Santa Cruz’s West Side can sell for as low as $150,000. The catch? Monthly space rentals are, oh, around $2500-$4000. More than a decade ago, residents in the glam ocean-front park lost their rent control after the city lost a federal lawsuit against the park’s owners, a company run by billionaire Sam Zell.
$500,000 ain’t bad at all. Wait, it’s an apartment.
Just under $500,000 buys you not a house, but an apartment. Two bedrooms, one bath in just over 1,000 square feet. That’s just about the price of the median family-sized house in California. But hey, it’s on Beach Hill, which means it’s walking distance from all the excitement of the Boardwalk. Though that’s not a plus in everyone’s mind. Unless you’re seven years old.
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