$1,650,000
$650K PRICE DROP

1621 Capitola Rd Santa Cruz, CA 95062

Live Oak Neighborhood

Estimated payment $10,684/month

Total Views 9,207
4 Beds
4 Baths
2,400 Sq Ft
$688 Price per Sq Ft

Highlights

  • 0.35 Acre Lot
  • Granite Countertops
  • Shed
  • Mission Hill Middle School Rated A-
  • Balcony
  • Tile Flooring

About This Home

This four-unit property is a rare opportunity to invest in a prime location that captures the essence of California coastal living! Whether you're a seasoned investor or a first-time buyer, the combination of location, income potential, and development possibilities makes this property an exceptional find. Each unit is separately metered, providing convenience and autonomy for tenants while maximizing your investments profitability. The expansive lot offers endless opportunities for further development. Consider adding more units, creating a communal garden, or building luxury outdoor spaces for tenants.

Listing Agent

Chuck Fischer

El Camino Realty License #00755878 Listed on: 03/20/2025

Co-Listing Agent

Garrett Fischer

El Camino Realty License #01946424

Property Details

Home Type

  • Multi-Family

Year Built

  • 1949

Lot Details

  • 0.35 Acre Lot
  • Fenced
  • Mostly Level
  • Back Yard

Parking

  • 4 Car Garage
  • Assigned Parking

Home Design

  • Quadruplex
  • Slab Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Composition Roof

Interior Spaces

  • 2,400 Sq Ft Home
  • 1-Story Property
  • Tile Flooring
  • Washer and Dryer

Kitchen

  • Oven or Range
  • Microwave
  • Granite Countertops
  • Formica Countertops

Outdoor Features

  • Balcony
  • Shed

Utilities

  • Wall Furnace
  • Heating System Uses Gas
  • Separate Meters
  • Individual Gas Meter

Listing and Financial Details

Community Details

Overview

  • 2,400 Sq Ft Building

Building Details

  • 4 Leased Units
  • Gardener Expense $500
  • Insurance Expense $2,225
  • Maintenance Expense $1,200
  • Other Expense $120
  • Operating Expense $20,567
  • Gross Income $113,412

Property Details

Home Type

Multi-Family

Year Built

1949

Lot Details

0

Parking

4

Listing Details

  • Zoning: C-1
  • Subclass: Fourplex
  • Style: Ranch
  • Age: 76
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 2400
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1949

Interior Features

  • Kitchen: Countertop - Formica, Countertop - Granite, Microwave, Oven Range, Refrigerator
  • Living Sq Ft: 2400
  • Stories: 1
  • Laundry: Washer / Dryer
  • Flooring: Tile

Exterior Features

  • Foundation: Concrete Slab
  • Roof: Composition, Shingle
  • Yard/Grounds: Back Yard, Balcony / Patio, Fenced, Storage Shed / Structure
  • Construction Type: Wood Frame

Garage/Parking

  • Garage Spaces: 4
  • Parking Spaces: 8
  • Garage Parking Features: Assigned Spaces

Utilities

  • Heating System: Gas, Wall Furnace
  • Sewer/Septic System: Sewer - Public, Sewer Connected

Schools

  • School District: Santa Cruz City High
  • High School: Santa Cruz High
  • High School: 852

Lot Info

  • Lot Description: Grade - Mostly Level
  • Lot Acres: 0.3530
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 15377.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 15377.00

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 14.55
  • Number Of Leased: 4

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters, Public Utilities
  • Expense Insurance: 2225
  • Expense Landscape: 500
  • Expense Maintenance: 1200
  • Expenses Other: 120
  • Expenses Total: 20567
  • Income Annual Gross: 113412.00
  • Income Annual Rental: 99612
  • Income Gross Scheduled: 113412
  • Income Includes: Storage Area
  • Income Other: 13800
  • Meters: Separate Electric, Separate Gas, Separate Water
  • Number Of Buildings: 2
  • Tenant Expenses: Services - Sewer, Services - Trash Removal, Utilities - Electric, Utilities - Gas, Utilities - Heating, Utilities - Hot Water, Utilities - Water

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/04/2025 06/04/25 Price Changed $1,650,000 -8.3% $688 / Sq Ft
04/30/2025 04/30/25 Price Changed $1,799,000 -14.3% $750 / Sq Ft
04/08/2025 04/08/25 Price Changed $2,100,000 -8.7% $875 / Sq Ft
03/20/2025 03/20/25 For Sale $2,300,000 -- $958 / Sq Ft
Source: MLSListings

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Source: MLSListings

MLS Number: ML81998834

MLSListings

APN: 026-151-77

California Santa Cruz County Santa Cruz 95062 Live Oak

1621 Capitola Rd, Santa Cruz, CA

This home is located at 1621 Capitola Rd, Santa Cruz, CA 95062 and is currently priced at $1,650,000, approximately $687 per square foot. This property was built in 1949. 1621 Capitola Rd is a home located in Santa Cruz County with nearby schools including Mission Hill Middle School, Harbor High School, and Santa Cruz High School.

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Chuck Fischer
Listing Agent
Chuck Fischer
Section Image
El Camino Realty
(831) 221-9548