$ 3,800,000
-
$3,800,000
Price -
8
Bed -
0
Bath -
4,530
SqFt
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About the Listing ML35586 - 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.
Listing Highlights
Status
Active
Days on Site
17
Property Type
Multi-Family
MLS ®
ML82038869
Year Built
1950
Total Square Footage
4,530
Lot/Acreage
0.94
Interior Details
- Bedrooms: 8
- Bathrooms: 0 Full
- Appliances:
- Air Cond:
- Heating: Forced Air
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: Public
Exterior Details
- Lot Description: No Land Lease
- Garage Capacity: N/A
- Parking Spaces: 7
- Zoning: RM-4
- Roof: Composition
- Others:
- Sewer: Public Sewer
- Parking Features: Covered,Off Street,Uncovered
Financial Details
- Tax Amount: $13,700
- Taxes w/Assessments: N/A
- Tax/Property ID: 02608145
- Tax Year: N/A
Payment Calculator
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Questions About..
420 Capitola Rd Santa Cruz, CA 95062
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