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Listed by Kasey Hinchman • David Lyng Real Estate
$3,800,000
Est. payment /mo
4,530 SqFt
Active
420 Capitola Road Extension Santa Cruz, CA 95062
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Key Details
Property Type Single Family Home, Multi-Family
Sub Type OTHER
Listing Status Active
Purchase Type For Sale
Square Footage 4,530 sqft
Price per Sqft $838
MLS Listing ID ML82038869
HOA Y/N No
Year Built 1950
Lot Size 0.935 Acres
Property Sub-Type OTHER
Source Datashare MLSListings
Property Description
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.
Location
State CA
County Santa Cruz
Interior
Heating Forced Air
Cooling No Air Conditioning
Fireplace No
Schools
School District Santa Cruz City High, Live Oak Elementary

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