Property Details
About this Property
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.
MLS Listing Information
MLS #
ML82038636
MLS Source
MLSListings, Inc.
Days on Site
1
Interior Features
Cooling
None
Heating
Forced Air
Exterior Features
Roof
Composition
Foundation
Concrete Perimeter, Slab
Parking, School, and Other Information
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
Unit Information
| # 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 |
Neighborhood: Around This Home
Neighborhood: Local Demographics
Nearby Homes for Sale
420 Capitola Road Ext is a Residential Income in Santa Cruz, CA 95062. This 4,530 square foot property sits on a 40,729 Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $3,800,000 and was built in 1950. This address can also be written as 420 Capitola Road Ext, Santa Cruz, CA 95062.
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This listing information is up-to-date as of March 14, 2026. For the most current information, please contact Kasey Hinchman, (831) 239-3708
