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420 Capitola Road

Santa Cruz, CA 95062
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Bed 8

Bed

Bath 0

Bath

SqFt4,530

Sqft

SqFt40,729

Sqft(Lot)

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 ac cess 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.

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Detail Ic Property Details

Property Type : ResidentialIncome

Price : $3,800,000

AD Id : 76167567

MLS Id : ML82038869

Beds : 8

Lot Size : 40,729 Sqft

Living Area Size : 4,530

Year Built : 1950

County : Santa Cruz

  • Map Map

Map

Feature Features

  • Interior Features

    Roof: Composition
  • Heating & Cooling

    Has Heating: Yes Heating: ForcedAir Has Cooling: Yes Cooling: None

  • Building Information

    Year Built: 1950
    Building Area Total: 4530
    Private Pool: No

  • Lot Information

    Main Square Feet: 40729 Lot Size Acres: 0.935 Lot Size Source: Assessor Lot Size Square Feet: 40,729

  • Listing Price Information

    Listing Price: $3800000

  • Tax Information

    Parcel Number: 02608145000 Annual Tax: $13700

  • Location Information

    WaterSource: Public
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
505 Hanover Street, Santa Cruz, CA, 95062 $1,599,800 4 2 1,840 1,840 SqFt
334 Pennsylvania Avenue, Santa Cruz, CA, 95062 $1,799,000 6 4 2,826 2,826 SqFt
4360 Opal Cliff Drive, Santa Cruz, CA, 95062 $6,799,000 3 2 2,427 2,427 SqFt
3230 Virgil Lane, Santa Cruz, CA, 95062 $1,759,000 4 3 2,934 2,934 SqFt
4250 Opal Cliff Drive, Santa Cruz, CA, 95062 $6,950,000 4 3 2,657 2,657 SqFt
1540 Bulb Avenue, Santa Cruz, CA, 95062 $1,499,000 4 2 1,738 1,738 SqFt
4175 Court Drive, Santa Cruz, CA, 95062 $3,950,000 3 3 2,823 2,823 SqFt
4120 Opal Cliff Drive, Santa Cruz, CA, 95062 $10,999,000 3 3 2,325 2,325 SqFt
890 38th Avenue #48, Santa Cruz, CA, 95062 $349,000 2 1 412 412 SqFt
890 38th Avenue #19, Santa Cruz, CA, 95062 $289,000 1 1 490 490 SqFt

The information being provided by Miami Association of REALTORS® is for the consumer's personal, non-commercial use. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the Miami Association of REALTORS®. The accuracy of all information is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by Miami Association of REALTORS® and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2026 Miami Association of REALTORS®. All rights reserved.

ByOwner last updated this listing 07/31/2026 @ 21:40

MLS: ML82038869 LISTED BY: Kasey Hinchman, David Lyng Real Estate 831-429-5700 SOURCE: CRMLS

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