Ad #7811408
MLS #ML82038869
Turnkey multi-unit investment opportunity in a convenient
420 Capitola Rd EXT, Santa Cruz, California, 95062
$3,800,000
8Beds
0Baths
4,530Sqft
0.935Acres
About this property
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.
Property Features
8 Beds
0 Baths
4,530 Sqft
Built in 1950
0.935 Acres
Off Street, Covered
Composition Roof
Forced Air
Additional Photos
Contact Information
Kasey Hinchman
David Lyng Real Estate
831-239-3708
Location
Listing Agent: Kasey Hinchman (License #: 01424163) 831-239-3708
Broker: David Lyng Real Estate 831-476-0100 Listing Site
Copyright © 2026 MLS Listings, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Broker: David Lyng Real Estate 831-476-0100 Listing Site
Copyright © 2026 MLS Listings, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
BeachHouse.com
Printed Jul 15, 2026
Photo Gallery
$3,800,000
8
Beds
0
Baths
4,530
Sqft
420 Capitola Rd EXT, Santa Cruz, California, 95062
By contacting this agent you agree to these Terms and Conditions.
MLS# ML82038869
Turnkey multi-unit investment opportunity in a convenient
$3,800,000
420 Capitola Rd EXT, Santa Cruz, California, 95062
8
Beds
0
Baths
4,530
Sqft
0.935
Acres
$3,800,000
420 Capitola Rd EXT, Santa Cruz, California, 95062
8 Beds
0 Baths
4,530 Sqft
0.935 Acres
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.
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Property Details
HOME DETAILS
8 Beds
0 Baths
4,530 Sqft
Built in 1950
0.935 Acres
EXTERIOR
Off Street, Covered
Composition Roof
INTERIOR
Forced Air
See More Details
Location
Mortgage Calculator
Ad Statistics
Ad Number
7811408
Viewed
22 times
Listing Status
Active
Added
Jun 29, 2026
Last Refresh
Jul 15, 2026 07:28:31 PM
Listing Information
Data Source
MLS Listings, Inc.
Source Property ID
ML82038869
Listing Agent: Kasey Hinchman (License #: 01424163) 831-239-3708
Broker: David Lyng Real Estate 831-476-0100 Listing Site
Copyright © 2026 MLS Listings, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Broker: David Lyng Real Estate 831-476-0100 Listing Site
Copyright © 2026 MLS Listings, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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