$3,800,000

420 Capitola Road Extension, Santa Cruz, CA 95062

  • 8 beds
  • 4,530 sqft
  • Property Icon other
  • Property Year Built Icon Built in 1950
  • Property Lot Size Icon0.94acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $839/sqft
  • Property List Date Icon Listed 18 days ago

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:
April 3, 2026 at 2:06PM
Listing Office:
David Lyng Real Estate : 831-429-5700
Listing Agent:
Kasey Hinchman : 831-239-3708
MLS ID:
ML82038869
  • A/C: No Air Conditioning
  • Heating: Forced Air
  • School District: Santa Cruz City High
  • County: Santa Cruz
  • Zoning: RM-402608145

This listing courtesy of Kasey Hinchman , David Lyng Real Estate

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

G

Green Acres Elementary School

966 Bostwick Ln, Santa Cruz, CA, 95062

Grades KG-5

0.42 miles away

O

Ocean Alternative Education Center

984 Bostwick Ln Ste 6, Santa Cruz, CA, 95062

Grades KG-8

0.48 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.