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… Read More 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. Read Less
Courtesy of David Lyng Real Estate, Kasey Hinchman 831-239-3708
Listing Snapshot
Days Online
0
Last Updated
Property Type
Multiple Dwellings / Structures
Square Ft.
4,530
Lot Size
0.94 Acres
Year Built
1950
MLS Number
ML82038869
30 Days Snapshot Of 95062
$1.70M
-8%
(avg) sold price
15
+50%
homes sold
53
-22%
(avg) days on market
Snapshot
Area Map
Additional Details
Lot
Max Area: 40729.00, Max Area Units: Square Feet
Unit One
3 bedrooms in unit 1, Unit 1: approximately 1,592 square feet
Unit Two
2 bedrooms in unit 2, Unit 2: approximately 677 square feet
Unit Three
2 bedrooms in unit 3, Unit 3: approximately 915 square feet
Unit Four
1 bedroom in unit 4, Unit 4: approximately 869 square feet
Accessibility Features
None
Building
Built in 1950, 3 buildings, 4,530 structure square feet
The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the MLSListingsTM MLS system. Real estate listings held by brokerage firms other than the office represented by this website are marked with the Internet Data Exchange icon (a stylized house inside a circle) and detailed information about them includes the names of the listing brokers and listing agents. The broker providing this data believes the data to be correct, but advises interested parties to confirm all information before relying on it for a purchase decision. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listings last updated on .
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