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$ 3,800,000
Est. payment | /mo
8 Beds
4,530 SqFt
$ 3,800,000
Est. payment | /mo
8 Beds
4,530 SqFt
Key Details
Property Type Single Family Home
Sub Type OTHER
Listing Status Active
Purchase Type For Sale
Square Footage 4,530 sqft
Price per Sqft $838
MLS Listing ID ML82038869
Bedrooms 8
HOA Y/N No
Year Built 1950
Lot Size 0.935 Acres
Property Sub-Type OTHER
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.
Location
State CA
County Santa Cruz
Zoning RM-4
Interior
Heating Forced Air
Cooling No Air Conditioning
Fireplace No
Building
Sewer Public Sewer
Water Public
New Construction No
Schools
School District Santa Cruz City High
Others
Tax ID 02608145000
Virtual Tour https://www.420capitolardext.com/mls
© 2026 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.
Listed by Kasey Hinchman • David Lyng Real Estate
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