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Wilson Leung

wilson@theownteam.com +1(650) 280-8888

Listed by Kasey Hinchman • David Lyng Real Estate, DRE#01424163

$ 3,800,000

Est. payment | -/mo

8 Beds

5.5 Baths

4,530 SqFt

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$ 3,800,000

Est. payment | -/mo

Save Virtual Tour Video Tour

8 Beds

5.5 Baths

4,530 SqFt

Key Details

Property Type Multi-Family

Sub Type Multiple Dwellings / Structures

Listing Status Active

Purchase Type For Sale

Square Footage 4,530 sqft

Price per Sqft $838

MLS Listing ID ML82038869

Bedrooms 8

Full Baths 5

Half Baths 1

Year Built 1950

Lot Size 0.935 Acres

Property Sub-Type Multiple Dwellings / Structures

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

Area Live Oak

Zoning RM-4

Interior

Heating Forced Air

Cooling None

Exterior

Parking Features Covered Parking, Off-Street Parking, Uncovered Parking

Utilities Available Public Utilities

Roof Type Composition

Building

Story 1

Foundation Concrete Perimeter, Concrete Slab

Sewer Sewer - Public

Water Public

Level or Stories 1

Others

Tax ID 026-081-45

Security Features None

Horse Property No

Special Listing Condition Notice of Default

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Nearby School & Business

+1(650) 280-8888

wilson@theownteam.com

1651 El Camino Real, Millbrae, CA, 94030, United States

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420 Capitola Road EXT Santa Cruz, CA 95062