420 Capitola Road

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Source: California Regional MLS

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ML5072974

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.

Property Information

Property Details

Location

Address

420 Capitola Road

County

Santa Cruz

City

Santa Cruz

Zip Code

95062

School District

Other

MLS Area

699 - Not Defined

Interior Features

Heating and Cooling

Cooling

None

Heating

Forced Air

Building

Building Information

Square Feet

4,530

Year Built

1950

Foundation

Concrete Perimeter, Slab

Roof

Composition

Financial

Special Conditions

Notice Of Default

Property Taxes

Tax Annual Amount

$13,700

420 Capitola Road, Santa Cruz, CA 95062

Market Report for 95062