Home | Santa Cruz County | Santa Cruz | 95062 | 420 Capitola Road Ext
MLS: ML82038636 | Status: | Price: $3,800,000
Beds/Baths: – / –
Property Type: Residential Income
| Beds | Baths | Sq Ft | Sq Ft Lot | Yr Built |
|---|---|---|---|---|
| – | – | 4,530 | 40,729 | 1950 |
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.
| Field | Value |
|---|---|
| MLS # | ML82038636 |
| MLS Source | MLSListings, Inc. |
| Days on Site | 41 |
| Feature | Details |
|---|---|
| Cooling | None |
| Heating | Forced Air |
| Feature | Details |
|---|---|
| Roof | Composition |
| Foundation | Concrete Perimeter, Slab |
| Feature | Details |
|---|---|
| Garage/Parking | Off-Street Parking, Room for Oversized Vehicle, Garage: 0 Car(s) |
| Elementary District | Live Oak Elementary |
| High School District | Santa Cruz City High |
| Sewer | Public Sewer |
| Water | Public |
| Zoning | RM-4 |
Kasey Hinchman
David Lyng Real Estate
License #: 01424163
Phone: (831) 239-3708
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 3 | 5 | 5 |
| Type | Sq Ft | Beds | Baths | Min Rent | Max Rent | Units Like This |
|---|---|---|---|---|---|---|
| 1 | 1,592 | 3 | 2/0 | – | – | 1 |
| 2 | 677 | 2 | 1/1 | – | – | 1 |
| 3 | 915 | 2 | 1/0 | – | – | 1 |
| 4 | 869 | 1 | 1/0 | – | – | 1 |
| 5 | 477 | 1 | 1/0 | – | – | 1 |
School data provided by GreatSchools.org
| Address | Price | Beds | Baths | Sq Ft | Status |
|---|---|---|---|---|---|
| 704-718 Broadway | $3,500,000 | – | – | 5,213 | |
| 420 Capitola Road Ext | $3,800,000 | – | – | 4,530 | Active |
| 234 High St | $3,200,000 | – | – | 6,338 | |
| 817 California St | $3,975,000 | – | – | 4,828 | Active |
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This listing information is up-to-date as of March 21, 2026. For the most current information, please contact Kasey Hinchman, (831) 239-3708.