420 Capitola Road, Santa Cruz, CA 95062
List Price: $3.8M
Listing Status: Active
0Days on Market: 77
0 Bedrooms · 0 Bathrooms · 4,530 sq ft
Property Type: ResidentialIncome
Year Built: 1950
Lot Size: 40,729 sq ft
Annual Property Tax: $13,700
MLS Number: ML82038869
About This Property
Turnkey multi-unit investment opportunity in a convenient Midtown Santa Cruz location. The property features five residential units across three structures plus a vacant rear portion of the parcel offering potential for future development. Unit mix includes a 3BR/2BA single-family home (420 Capitola Rd Ext) with an attached studio (420A), a detached 1BR/1BA home (422), and a duplex with a 2BR/1BA unit (422A) and a 2BR/1.5BA unit (424) sharing one wall. Additional improvements include covered parking, a shared laundry area, and several accessory structures. The parcel is primarily designated Urban Medium Residential and zoned RM-4, providing potential flexibility for multi-family housing uses. Well located near Midtown Santa Cruz, Ocean Street, Downtown, and area beaches, with convenient access to shopping, dining, and commuter routes. The property has a strong rental history and currently operates as a solid five-unit income property with ample open space and long-term upside potential, including the possibility for future expansion or larger-scale development. Buyer to verify zoning, and development potential with appropriate government agencies.
Listing provided by: Kasey Hinchman DRE #01424163 831-429-5700 kaseyandbrooke@davidlyng.com, David Lyng Real Estate
Source: CRMLS, MLS #: ML82038869
Belmont Brokerage Inc. (DRE #02431308) is not the listing office for this property. We provide buyer representation and consultation. Any “Schedule a Tour” or “Contact” form on this page contacts a Belmont Brokerage agent — not the listing agent above.