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Santa Cruz, CA 95062
$3,800,000
Bed
0
Bath
0
Living Space
4,530 SqFt
Year Built
1950
Lot Size
0.94 Acres
Days
133
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 provided courtesy ofKasey Hinchman License 01424163 David Lyng Real Estate
Data provided by MLSListings Inc.
Live Oak Elementary School (Elementary) - GreatSchools rating 5/10 Shoreline Middle School (Middle) - GreatSchools rating 7/10 School District: Santa Cruz Unified School District
Several parks are located within a 1-2 mile radius of Capitola Road. These include Brommer Street County Park, which is located near Pleasure Point, and Chanticleer Avenue County Park, which offers various facilities. Opal Cliffs County Park is also nearby, offering coastal access and surfing.
The neighborhood is part of the broader Capitola area, a picturesque seaside village known for its colorful architecture and relaxed, small-town vibe. Capitola has a thriving business district with a mix of shops, restaurants, and cafes, and its downtown area is pedestrian-friendly. The community hosts various events throughout the year, including a farmer's market and summer concert series.
Capitola Road has a Walk Score of 79 out of 100, indicating it is very walkable, meaning most errands can be accomplished on foot. The Transit Score is 37 out of 100, signifying some transit options are available. Nearby transit routes include the 2 Capitola/Cabrillo/Main and the 3A/3B UCSC/Capitola Mall/Live Oak.
This neighborhood information is AI-generated based on the property address and publicly available data. Please verify important information independently. Do not rely solely on this information for property decisions. RoostHaven makes no warranties and assumes no liability for the accuracy or completeness of AI-generated information. School boundaries, ratings, and local amenities may change over time.
Live Oak Elementary School (Elementary) - GreatSchools rating 5/10 Shoreline Middle School (Middle) - GreatSchools rating 7/10 School District: Santa Cruz Unified School District
Several parks are located within a 1-2 mile radius of Capitola Road. These include Brommer Street County Park, which is located near Pleasure Point, and Chanticleer Avenue County Park, which offers various facilities. Opal Cliffs County Park is also nearby, offering coastal access and surfing.
The neighborhood is part of the broader Capitola area, a picturesque seaside village known for its colorful architecture and relaxed, small-town vibe. Capitola has a thriving business district with a mix of shops, restaurants, and cafes, and its downtown area is pedestrian-friendly. The community hosts various events throughout the year, including a farmer's market and summer concert series.
Capitola Road has a Walk Score of 79 out of 100, indicating it is very walkable, meaning most errands can be accomplished on foot. The Transit Score is 37 out of 100, signifying some transit options are available. Nearby transit routes include the 2 Capitola/Cabrillo/Main and the 3A/3B UCSC/Capitola Mall/Live Oak.
This neighborhood information is AI-generated based on the property address and publicly available data. Please verify important information independently. Do not rely solely on this information for property decisions. RoostHaven makes no warranties and assumes no liability for the accuracy or completeness of AI-generated information. School boundaries, ratings, and local amenities may change over time.
