3212 Mission Drive, Santa Cruz
Approved 21-Unit Development
The off-market Opportunity
This approved project sits at the corner of Mission Drive and Thurber Lane, moments from Dominican Hospital. The entitlement covers 21 units: 10 duet homes plus one single-family residence, with 18 market-rate units, two moderately affordable units, and one low-income unit.
Full plans and Conditions of Approval are in hand, and construction documents have already been submitted. The buyer will need to record the final map before permits can be issued. A complete due-diligence package is available on request, and there's an option to resubmit for a 32-unit apartment configuration for buyers who want to explore higher density.
The Homes
Each home is designed around clean, modern lines: metal-framed windows, abundant natural light, and a minimalist finish palette throughout. At roughly 1,100 square feet plus a 222-square-foot garage, the layout offers 3 bedrooms and 2.5 baths across two floors.
First floor: modern kitchen, living room, half bath, garage with EV charger and bike storage, and a private yard.
Second floor: three bedrooms and two full baths, including a primary suite with its own balcony.
Each home comes with two reserved parking spaces — one covered, one uncovered — plus guest parking. Behind the finishes, the homes are built with high-performance, solar-powered systems for energy-efficient, low-maintenance living.
Given the location, these homes are a natural fit for hospital staff and medical professionals working at Dominican Hospital and the surrounding medical offices.
Asking $3.3M for a quick close
Due Diligence Package - DropBox Link
Santa Cruz, CA Demographics
Median Income - $112,041 median household income in 2024 dollars. This 5 mile radius has a greater median household income than the state of California ($99,122) and Santa Cruz County ($111,093).
Population - 113,263 number of people.
Households - 43,512 number of households (people who occupy a housing unit).
Child Population - 15,179 people age 17 years old and younger.
Older Population - 20,977 people age 65 years old and older.
Population Density - 2,243 people per square mile. This 5-mile radius has a greater population density than the state of California (252) and Santa Cruz County (595).
The above data and geographies are from the most current data available from the US Census Bureau's American Community Survey (2024).
