Active

420 Capitola Road

Santa Cruz, CA 95062
Mark as Favorite
Bed 0

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 : Residential Income

Price : $3,800,000

AD Id : 76167567

MLS Id : ML82038869

Lot Size : 40,729 Sqft

Living Area Size : 4,530

Year Built : 1950

County : Santa Cruz

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Map

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Feature Features

  • Bathroom Information

    Total Baths: 0

    Water/Sewer

    Water Source: Public Sewer: Public Sewer
  • Interior Features

    Roof: Composition
  • Cooling Features

    None Air Conditioning

    Heating Source

    Forced Air Has Heating

  • Building Information

    Year Built: 1950 Building Area Total: 4,530 Roof: Composition
  • Foundation

    Concrete Perimeter,Slab
  • Accessibility Features

    None

  • Lot Details

    Lot Dimensions Source: Vendor Enhanced Lot Size Acres: 0.935
  • Lot Size Source: Assessor Lot Size Square Feet: 40729

  • Listing Price Information

    Original List Price: 3,800,000 Listing Contract Date: 2026-03-16
  • Lease Information

    Listing Agreement: Exclusive Right To Sell

  • Tax Information

    Parcel Number: 02608145000 Annual Tax: 13700

  • Garage and Parking

    Garage Description: Covered,Off Street,Uncovered

    Homeowners Association

  • Other Property Info

    Source Listing Status: Active Source Neighborhood: 699 - Not Defined Zoning: RM-4 Source Property Type: Residential Income Area: 699 - Not Defined Property SubType: Mixed Use
  • Building and Construction

    Property Age: 76 Structure Type: Mixed Use Year Built Source: Other Total Square Feet Living: 4530
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
3620 Gross Road, Santa Cruz, CA, 95062 $1,190,000 3 2 1,219 1,219 SqFt
3710 Gross Road, Santa Cruz, CA, 95062 $410,000 2 2 1,200 1,200 SqFt
4360 Opal Cliff Drive, Santa Cruz, CA, 95062 $7,250,000 3 2 2,427 2,427 SqFt
1610 Bulb Avenue, Santa Cruz, CA, 95062 $1,695,000 2 1 1,029 1,029 SqFt
4120 Court Drive, Santa Cruz, CA, 95062 $3,349,000 3 2 1,459 1,459 SqFt
4140 Opal Cliff Drive, Santa Cruz, CA, 95062 $14,950,000 4 4 4,050 4,050 SqFt
4120 Opal Cliff Drive, Santa Cruz, CA, 95062 $10,999,000 3 2 2,325 2,325 SqFt
1576 Heritage Lane, Santa Cruz, CA, 95062 $1,575,000 4 3 2,312 2,312 SqFt
890 38th Avenue, Santa Cruz, CA, 95062 $298,000 1 1 490 490 SqFt
890 38th Avenue, Santa Cruz, CA, 95062 $349,000 2 1 412 412 SqFt

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ByOwner last updated this listing 06/12/2026 @ 18:24

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

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