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420 Capitola Road, Santa Cruz, CA — listing photo 1
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FOR SALE

420 Capitola Road

Santa Cruz, CA 95062
40,729 Lot Sq Ft
Built 1950
$3,800,000

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
Commercial Sale
Year built
1950
Lot size
40,729 sq ft
Parking
7 spaces
Carport
2 spaces
Days on market
129
MLS status
Active
Zoning
RM-4

Community, Schools & Utilities

Community

Annual property tax
$13,700

Schools

School district
Other

Utilities

Heating
ForcedAir
Cooling
None
Water
Public
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Location & Neighborhood

Location data not available

Frequently Asked Questions About 420 Capitola Road

Property type: Commercial Sale

The current asking price is $3,800,000. Pricing is subject to change and may vary based on market conditions, negotiations, and property updates. Contact our team to verify current pricing.
Yes. Use the Book Visit action or contact form to request an in-person or virtual tour of 420 Capitola Road. Our team will confirm availability and timing.
This property offers the living space reported in the listing. It was built in 1950. Review the listing details and disclosures, then independently verify material features before making a decision.
The property is in Santa Cruz, California. Review the map, visit at relevant times of day, and verify schools, commute routes, services, noise, hazards, and local rules for the exact address.
Financing depends on the buyer, lender, property type, condition, appraisal, insurance, and association documents. A qualified lender can confirm available programs and costs for this Santa Cruz property.
The MLS currently reports the property as Active. It has been listed for 129 days. Status can change, so verify availability before relying on it.

What clients say

“Reza was the best agent we have ever worked with.”Russell & Susan McQueen

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Listing Agent

Name: Kasey Hinchman
MLS ID: ML5072974

Available property

$3,800,000

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Data provided by California Regional Multiple Listing Service, Inc. ("CRMLS"). Information is for viewer's personal, non-commercial use. All data should be independently verified for accuracy.