420 Capitola Road, Santa Cruz, CA 95062

Santa Cruz
Local realty services provided by:Better Homes and Gardens Real Estate Wine Country Group
420 Capitola Road,Santa Cruz, CA 95062
$3,800,000
Virtual Tour
  • - Beds
  • - Baths
  • 4,530 sq. ft.
  • Multi-family
  • Active
Listed by: kasey hinchman
Office: david lyng real estate831-429-5700
MLS#:ML82038869
Source:CRMLS

Price summary

  • Price:$3,800,000
  • Price per sq. ft.:$838.85

About this home

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...

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Home facts

  • Year built:1950
  • Listing ID #:ML82038869
  • Added:73 day(s) ago
  • Updated:May 29, 2026 at 10:33 AM

Rooms and interior

  • Living area:4,530 sq. ft.

Heating and cooling

  • Heating:Forced Air

Structure and exterior

  • Roof:Composition
  • Year built:1950
  • Building area:4,530 sq. ft.
  • Lot area:0.94 Acres
  • Foundation Description:Concrete Perimenter, Slab

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$3,800,000
  • Price per sq. ft.:$838.85
  • Tax amount:$13,700

Parking

  • Total parking spaces:7
  • Parking description:2 Carport Space(s), Covered, Off Street, Uncovered
  • Carport spaces:2
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