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    FOR SALE
    Apartment buildings

    420 Capitola Road Ext Santa Cruz, CA 95062

    4,530 SF Built 1950
    Property ID
    US09-1597984
    420 Capitola Road Ext, Santa Cruz, CA 95062 For Sale 1 / 111
    $3,800,000 4,530 SF
    420 Capitola Road Ext, Santa Cruz, CA 95062
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    Property summary
    AI-generated overview

    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 profile
    Verified
    Property type Apartment buildings
    Year built 1950
    Total area 4,530 SF
    UPID US09-1597984
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
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