420 Capitola Road

Property Overview
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.
Home Details
- Property type
- ResidentialIncome - MixedUse
- Year built
- 1950
- Living area
- 4,530 sq ft
- Lot size
- 40,729 sq ft
- Parking
- 7 spaces
- Stories
- 1.0
- Days on market
- 77
- MLS status
- Active
- Zoning
- RM-4
Features & Amenities
Parking
- Covered
- Off Street
- Uncovered
Community, Schools & Utilities
Utilities
- Heating
- ForcedAir
- Cooling
- None
- Water
- Public
- Sewer
- PublicSewer
Location & Neighborhood
Location data not available
Frequently Asked Questions
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