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Berkshire Hathaway HomeServices California Properties

420 Capitola Road, Santa Cruz, CA 95062

$3,800,000 Approx. USD 4,530 sqft

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Berkshire Hathaway HomeServices California Properties 11828 Rancho Bernardo Rd, Ste 210
San Diego, CA 92128 888-995-7575

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Listing Agent

Kasey Hinchman | kaseyandbrooke@davidlyng.com
Lic#: 01424163
Broker: Courtesy of David Lyng Real Estate
Phone: 831-239-3708

Listing Details

Property type: Mixed Use (Multi-Family)

Property Sub-Type:

Status: Active

Listing ID: ML82038869

Price: $3,800,000

Rental Rate: $3,800,000

Lot Size:

Built in 1950

4,530 sqft

0.94 acres

County: Santa Cruz

Zoning: RM-4

Parking description: Covered,Off Street,Uncovered

Heating/cooling: None

Heating description: Forced Air

Last Updated: 7/30/2026

Days On Market (DOM): 140

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Lat/Long: 36.980506, -121.993611.
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Easement Present: (Easement present. For more information, contact agent.)

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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.

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DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or its applicability to your financial situation. Please consult your financial and/or tax advisor. GET PRE-APPROVED The loan's interest rate will depend upon the specific characteristics of the loan transaction and credit profile up to the time of closing.

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