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$ 3,800,000
Est. payment | /mo
0.93 Acres Lot
$ 3,800,000
Est. payment | /mo
0.93 Acres Lot
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID ML82038636
HOA Y/N No
Year Built 1950
Annual Tax Amount $13,700
Lot Size 0.935 Acres
Property Description
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.
Location
State CA
County Santa Cruz
Area 699 - Not Defined
Zoning RM-4
Interior
Heating Forced Air
Cooling None
Fireplace No
Exterior
Carport Spaces 2
Roof Type Composition
Total Parking Spaces 7
Building
Water Public
Schools
School District Other
Others
Tax ID 02608145000
Special Listing Condition Standard
Virtual Tour https://youtu.be/FjlMmpLVMUc
Listed by Kasey Hinchman David Lyng Real Estate #01424163
NEARBY SCHOOL & BUSINESS