420 Capitola Road EXT, SANTA CRUZ, CA 95062

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$3,800,000

bedrooms

bathrooms

square feet

4,530

Acreage

0.935

Open Houses

year built

1950

Full Baths

Half Baths

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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
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County	-
Elementary School	-
Middle School	-
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Open houses

None scheduled.

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MLS number: ML82038869

Listing status: Active

Listing agent: Kasey Hinchman #01424163

Listing broker: David Lyng Real Estate (831) 476-0100

Last update: Tuesday, July 28 2026 at 4:33 p.m. EDT

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