$1,650,000
PENDING $225K PRICE DROP

2935 #1-4 Capitola Rd Santa Cruz, CA 95062

Live Oak Neighborhood

Estimated payment $10,684/month

Total Views 7,625
8 Beds
4 Baths
2,880 Sq Ft
$573 Price per Sq Ft

Highlights

  • Level Lot
  • Mission Hill Middle School Rated A-
  • Carpet

About This Home

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.

Listing Agent

George Wilson

David Lyng Real Estate License #00662250 Listed on: 03/18/2025

David Lyng Real Estate

Co-Listing Agent

Jeanne Wilson

David Lyng Real Estate License #00549459

Property Details

Home Type

  • Multi-Family

Year Built

  • 1962

Lot Details

  • 6,660 Sq Ft Lot
  • Level Lot

Home Design

  • Quadruplex
  • Wood Frame Construction
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,880 Sq Ft Home
  • 2-Story Property
  • Electric Oven
  • Washer and Dryer Hookup

Flooring

  • Carpet
  • Laminate
  • Vinyl

Parking

  • 8 Parking Spaces
  • Assigned Parking

Utilities

  • Wall Furnace
  • Separate Meters
  • Individual Gas Meter

Listing and Financial Details

Community Details

Overview

Building Details

  • 4 Leased Units
  • Insurance Expense $2,687
  • Maintenance Expense $3,579
  • Other Expense $4,007
  • Utility Expense $3,065
  • Trash Expense $3,291
  • Operating Expense $30,151
  • Gross Income $109,620

Property Details

Home Type

Multi-Family

Year Built

1962

Lot Details

0

Listing Details

  • Zoning: RM-3
  • Subclass: Fourplex
  • Age: 63
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 2880
  • Special Features: UnderContract
  • Property Sub Type: MultiFamily
  • Year Built: 1962

Interior Features

  • Kitchen: Oven Range - Electric, Refrigerator
  • Living Sq Ft: 2880
  • Stories: 2
  • Laundry: Hookups Only
  • Flooring: Carpet, Laminate, Vinyl / Linoleum

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Composition
  • Construction Type: Wood Frame

Garage/Parking

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

Utilities

  • Heating System: Wall Furnace
  • Sewer/Septic System: Sewer - Public

Schools

  • School District: Santa Cruz City High
  • Elementary School: Live Oak Elementary
  • Elementary School: 882

Lot Info

  • Lot Description: Grade - Level
  • Lot Acres: 0.1529
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 6659.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 6659.00

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 15.05
  • Number Of Leased: 4

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters, Public Utilities
  • Expense Insurance: 2687
  • Expense Maintenance: 3579
  • Expenses Other: 4007
  • Expenses Total: 30151
  • Expenses Utility: 3065
  • Expense Trash: 3291
  • Income Annual Gross: 109620.00
  • Income Annual Rental: 109620
  • Income Gross Scheduled: 109620
  • Income Includes: Rents
  • Meters: Master Water, Separate Electric, Separate Gas
  • Number Of Buildings: 1
  • Operating Expenses Include: Fee - Property Management, Fee - Property Tax, Insurance, Loan - Mortgage, Maintenance - Repair, Services - Trash Removal, Utilities - Water
  • Tenant Expenses: Utilities - Electric, Utilities - Gas, Utilities - Heating

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
07/07/2025 07/07/25 Pending -- -- --
06/09/2025 06/09/25 For Sale $1,650,000 0.0% $573 / Sq Ft
06/01/2025 06/01/25 Pending -- -- --
05/14/2025 05/14/25 Price Changed $1,650,000 -7.0% $573 / Sq Ft
04/12/2025 04/12/25 Price Changed $1,775,000 -5.3% $616 / Sq Ft
03/18/2025 03/18/25 For Sale $1,875,000 -- $651 / Sq Ft
Source: MLSListings

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Source: MLSListings

MLS Number: ML81998370

MLSListings

California Santa Cruz County Santa Cruz 95062 Live Oak

2935 #1-4 Capitola Rd, Santa Cruz, CA

This home is located at 2935 #1-4 Capitola Rd, Santa Cruz, CA 95062 and is currently priced at $1,650,000, approximately $572 per square foot. This property was built in 1962. 2935 #1-4 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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George Wilson
Listing Agent
George Wilson
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David Lyng Real Estate
(831) 531-9270