5
Map
$139,999
●
Land -
For Sale
185 Laurel Drive
Boulder Creek, CA 95006
Studio
0 Bath
$688
Est. Monthly
About This Property
Santa Cruz Mountains opportunity for the buyer who can work with a
county process. This 600 sq ft cottage carries an active Unsafe to
Occupy notice posted by Santa Cruz County in 1998 following a
landslide. Utilities disconnected at that time. Structure remains
standing interior in livable condition but no permits or geologic
reports have ever been filed. Parcel currently classified as
unbuildable lot with a recorded Notice of Geologic Hazard on title.
Cleared and livable homes in this area trade at $350K$400K+. The
path to that value runs through a geotechnical assessment and Santa
Cruz County's hazard clearance process. Prior occupant was a legal
resident before 1998, supporting a grandfathering argument.
Property sold strictly as-is. Buyer assumes all due diligence. Big
Basin Redwoods at your doorstep. Strong rental demand throughout
the San Lorenzo Valley corridor. This is the deal a patient,
resourceful buyer finds once.Santa Cruz Mountains opportunity for
the buyer who can work with a county process. This 600 sq ft
cottage carries an active Unsafe to Occupy notice posted by Santa
Cruz County in 1998 following a landslide. Utilities disconnected
at that time. Structure remains standing interior in livable
condition but no permits or geologic reports have ever been filed.
Unit Size
-
Days on Market
121 days
Land Size
0.07 acres
Price per sqft
-
Property Type
Land
Property Taxes
-
HOA Dues
-
Year Built
1932
Listed By
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 5 months ago (MLSListings Inc. #ML82051506)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 18, 2026 | Listed by Beycome Brokerage Realty Inc. | $139,999 | |
| Listed by Beycome Brokerage Realty Inc. | |||
| Jun 11, 2026 | Price Decreased |
$139,999
↓ $20K
(12.5%) | |
| Price Decreased | |||
| Jun 2, 2026 | Price Decreased |
$159,999
↓ $5K
(3%) | |
| Price Decreased | |||
| May 27, 2026 | Price Decreased |
$165,000
↓ $34K
(17.1%) | |
| Price Decreased | |||
| May 18, 2026 | Listed by Beycome Brokerage Realty Inc. | $199,000 | |
| Listed by Beycome Brokerage Realty Inc. | |||
   | |||
|
Santa Cruz Mountains opportunity for the buyer who can work with a county process. This 600 sq ft cottage carries an active Unsafe to Occupy notice posted by Santa Cruz County in 1998 following a landslide. Utilities disconnected at that time. Structure remains standing interior in livable condition but no permits or geologic reports have ever been filed. Parcel currently classified as unbuildable lot with a recorded Notice of Geologic Hazard on title. Cleared and livable homes in this area trade at $350K$400K+. The path to that value runs through a geotechnical assessment and Santa Cruz County's hazard clearance process. Prior occupant was a legal resident before 1998, supporting a grandfathering argument. Property sold strictly as-is. Buyer assumes all due diligence. Big Basin Redwoods at your doorstep. Strong rental demand throughout the San Lorenzo Valley corridor. This is the deal a patient, resourceful buyer finds once.Santa Cruz Mountains opportunity for the buyer who can work with a county process. This 600 sq ft cottage carries an active Unsafe to Occupy notice posted by Santa Cruz County in 1998 following a landslide. Utilities disconnected at that time. Structure remains standing interior in livable condition but no permits or geologic reports have ever been filed.
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Property Highlights
Exterior Details
Lot Size Area: 3049
Lot Size Units: Square Feet
Lot Size Acres: 0.07
Lot Size Square Feet: 3049
Water Source: Public
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Santa Cruz
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Listed by: Jeffrey Sklar, Beycome Brokerage Realty Inc.
Last Updated: 5 months ago
Data Source: CRMLS, MLS# ML82051506
Last Updated: 5 months ago
Data Source: CRMLS, MLS# ML82051506
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