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Score

Santa Cruz, CA

2395 Delaware Ave SPC 31

395K

3 beds

2 baths

1,630 sqft

3 bd • 2 ba • 1,630 sf

This analysis was generated on 2/21/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.

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List Price

$395,000

Price/Sq.Ft

$242

Year Built

1971

AI Property Analysis

A comprehensive evaluation of this property's features, market position, and investment potential.

The Good

• Ocean views and location: The property offers ocean views and is located in the desirable Santa Cruz area, close to trails and amenities. The description emphasizes the 'vacation' lifestyle. • Remodeled and updated: The property has been remodeled and updated with new appliances, which reduces the likelihood of immediate maintenance costs. • Community amenities: The DeAnza Mobile Home Park offers a range of amenities, including a private beach, pool, hot tub, gym, clubhouse, and community activities, enhancing the living experience. The private beach with no stairs is a particularly valuable and rare feature. • Rental potential: The property can be rented out month-to-month after 6 months of ownership (tenant must be 40+), providing an opportunity to generate income. Based on 2023 market data, a 3-bedroom unit in Santa Cruz could rent for approximately $4780 per month. • Outdoor living spaces: The property features an updated deck, front deck, and side deck, providing ample space for outdoor relaxation and entertaining. The drought-resistant garden is a plus in water-conscious California.

The Bad

• High monthly land lease: At $4555 per month, the land lease significantly increases the monthly cost of living in this property. This is higher than many mortgage payments for standard homes in other areas. • Age of the mobile home: Built in 1971, the home is relatively old, which could lead to increased maintenance costs and potential issues with outdated systems. Securing financing for older mobile homes can also be more challenging. • Average safety score: With a safety score of 57/100, the area is considered to have average safety. Violent crime rates are higher than both state and national averages, which may be a concern for some buyers. • Moderate fire risk: A fire risk of 4/10 suggests that insurance is recommended, adding to the overall cost of ownership.

The Ugly

• High total monthly housing costs: The land lease ($4555/month) plus estimated insurance ($118.5/month) totals $4673.5/month, without factoring in utilities, maintenance, or potential HOA fees. This is very high compared to renting a similar-sized unit (estimated $4780/month) and significantly higher than the median income for the area. • Age restrictions: The 55+ age restriction (with exceptions for 40+) limits the pool of potential buyers and may not be suitable for families with younger children. • Air Quality Risk: The severe air quality risk (8/10) with 15 bad air days per year could be a significant health concern, especially for individuals with respiratory issues. This could also impact the enjoyment of outdoor activities. • History of price changes: The property's listing history shows a significant price increase from $34,900 in 2015 to $448,000 in 2024, followed by a price decrease to $395,000. This volatility may indicate uncertainty about the property's market value and potential overpricing.

Who is this property for?

These details are presented solely for entertainment purposes and are not meant to steer or limit any prospective buyer.

Best For

• Buyers seeking a remodeled home with ocean views and community amenities: The property offers ocean views, updated features, and access to a private beach, pool, and other recreational facilities within the DeAnza Mobile Home Park. • Individuals aged 55+ looking for a community: The park's age restrictions (55+ to own, exceptions for 40+) create a community environment for active adults. The monthly activities and clubhouse further enhance this aspect. • Renters seeking potential rental income: The property allows month-to-month rentals after 6 months of ownership (tenant must be 40+), making it attractive to those looking to offset costs with rental income. The estimated rental income for a 3-bedroom unit is $4780/month, allowing you to potentially offset the $4555/month land lease. • Buyers prioritizing outdoor living and low-maintenance landscaping: The updated decks, drought-resistant garden, and proximity to walking trails cater to those who enjoy outdoor activities and appreciate easy-care landscaping.

Not For

• Families with young children seeking highly-rated public schools: Bay View Elementary, the closest public school, has a rating of 3/10, which may be a concern. • Buyers seeking low monthly housing costs: The high land lease of $4555 per month, combined with the estimated insurance cost, results in significant monthly expenses. • Individuals who prefer a very safe neighborhood: The safety score of 57/100 indicates an average level of safety, and violent crime rates are higher than state and national averages. • Buyers who need to commute long distances: While the location offers ocean views and amenities, commuting to areas outside of Santa Cruz can be time-consuming due to traffic congestion.

Demographics

Area Median Income

$93,839

Property History

Price History

Ownership Timeline

Sunlight Analysis

Visualize how sunlight affects this property throughout the day and year.

Sunlight Analysis

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Schools

Nearby school quality by education level

Middle

9.0/10

Excellent

Financials

Monthly Costs

Market Rent (3 bed)

$2,590

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