420 Capitola Road EXT

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.

Overview

Property Status

For Sale

Lot Size

0.94 Acres

MLS ID

ML82038636

Property Type

Residential

Year Built

1950

Are you interested?

Schedule a Tour

Kasey & Brooke Hinchman

(831) 239-3708 [email protected]

Features & Amenities

Total Area

4,530 Sq.Ft.

Neighborhood

Santa Cruz

Water Source

Public

Utilities

Public Utilities, Water Public

Roof

Composition

Parking

Off_Street Parking, Roomfor Oversized Vehicle

Heat Type

Forced Air

Air Conditioning

None

Sewer

Public Sewer

Substructure

Concrete Perimeter, Slab

Disability Features

None

School District

SantaCruzCityHigh

Sales Price

$3,800,000

Zoning

RM-4

Schedule a Tour

We would love to help you see this beautiful home! As a full-service brokerage, we can help you tour. Please submit an offer, and answer questions about the buying process.

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for your interest in 420 Capitola Road EXT, Santa Cruz, CA 95062

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