420 Capitola Road Extension, Santa Cruz, CA 95062

• 8 beds
• 4,530 sqft

Property Description

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.

Listing Status:

Active

Date Added:

March 16, 2026

Data Last Updated:

May 20, 2026 at 5:06PM

Listing Office:

David Lyng Real Estate : 831-429-5700

Listing Agent:

Kasey Hinchman : 831-239-3708

MLS ID:

ML82038869

Interior

• A/C: No Air Conditioning
• Heating: Forced Air

Location

• School District: Santa Cruz City High
• County: Santa Cruz

Lot

• Zoning: RM-402608145