Located near Capitola, this fourplex presents an outstanding investment opportunity with upside potential. Three of the four 2-bedroom, 1-bath units have been updated, offering modernized living spaces. Each 720 sq. ft. unit features a private patio or deck, creating a comfortable outdoor retreat for tenants. Originally built as a fourplex, a condominium map was recorded in 1981. The property is described as four assessor parcels classified as condominiums, adding flexibility and potential value. Conveniently situated within walking distance to Capitola Mall, local restaurants, and 41st Avenue, this property ensures a highly desirable lifestyle for tenants. Additionally, it’s less than 1.5 miles the world-famous Pleasure Point surf spot, making it a sought-after rental location. For those looking to expand their portfolio, the adjacent fourplex at 2945 Capitola Road is also available for sale, creating a rare opportunity to own two income-producing properties side by side with conventional loans.
Property Details
Price:
$1,650,000
MLS #:
ML81998370
Status:
Active Under Contract
Baths:
0
Type:
Residential Income
Subtype:
Quadruplex
Neighborhood:
699notdefined
Listed Date:
Mar 18, 2025
Lot Size:
6,659 sqft / 0.15 acres (approx)
Year Built:
1962
See this Listing
Schools
Interior
Appliances
Refrigerator
Cooling
None
Flooring
Carpet, Laminate
Heating
Wall Furnace
Exterior
Parking Spots
8.00
Roof
Composition
Financial
Taxes
$13,522
Map
Community
- AddressCapitola Road Santa Cruz CA
- Neighborhood699 – Not Defined
- CitySanta Cruz
- CountySanta Cruz
- Zip Code95062
Subdivisions in Santa Cruz
Market Summary
Current real estate data for Residential Income in Santa Cruz as of Oct 23, 2025
34
Residential Income Listed
586
Avg DOM
$1,941,500
Avg List Price
Property Summary
- Capitola Road Santa Cruz CA is a Residential Income for sale in Santa Cruz, CA, 95062. It is listed for $1,650,000
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