PENDING
$275K PRICE DROP
2945 Capitola Rd Santa Cruz, CA 95062
Live Oak NeighborhoodEstimated payment $10,076/month
Total Views
9,190
8
Beds
4
Baths
2,883
Sq Ft
$555
Price per Sq Ft
Highlights
- Washer and Dryer
- Level Lot
- Carpet
- Mission Hill Middle School Rated A-
About This Home
This ideally located fourplex near Capitola offers excellent investment potential just minutes from the beach. Each of the four 2-bedroom, 1-bath units span 720 sq. ft. and feature a private patio or deck, providing residents with their own outdoor space. One unit has already been updated, leaving plenty of room for further improvements to maximize rental income. Positioned just a short walk from Capitola Mall, popular restaurants, and the shopping hub of 41st Avenue, this property is perfectly situated for tenant convenience. In addition, its prime coastal location less than 1.5 miles from the world-renowned Pleasure Point surf break makes it a highly desirable place to live. A shared laundry room adds to the functionality of the building. For investors looking to scale their portfolio, the adjacent fourplex at 2935 Capitola Road is also available for sale, providing a rare opportunity to own two income-generating properties in a sought-after rental market.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $16,495
Year Built
- 1964
Lot Details
- 9,235 Sq Ft Lot
- Level Lot
Home Design
- 2,883 Sq Ft Home
- Quadruplex
- Wood Frame Construction
- Composition Roof
- Concrete Perimeter Foundation
Flooring
- Carpet
- Vinyl
Laundry
- Washer and Dryer
Parking
- 4 Parking Spaces
- No Garage
- Uncovered Parking
- Assigned Parking
Utilities
- Wall Furnace
- Heating System Uses Gas
- Separate Meters
- Individual Gas Meter
Listing and Financial Details
Community Details
Overview
Building Details
- 4 Leased Units
- Insurance Expense $2,785
- Maintenance Expense $2,018
- Other Expense $3,362
- Utility Expense $8,876
- Trash Expense $3,291
- Operating Expense $36,826
- Gross Income $104,820
Map
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Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $16,495 | $1,093,684 | $588,907 | $504,777 |
| 2023 | $15,707 | $1,051,215 | $566,039 | $485,176 |
| 2022 | $15,270 | $1,030,603 | $554,940 | $475,663 |
| 2021 | $14,743 | $1,010,395 | $544,059 | $466,336 |
| 2020 | $14,526 | $1,000,034 | $538,480 | $461,554 |
| 2019 | $14,208 | $980,426 | $527,922 | $452,504 |
| 2018 | $13,895 | $961,202 | $517,570 | $443,632 |
| 2017 | $8,784 | $498,134 | $229,029 | $269,105 |
| 2016 | $8,556 | $488,366 | $224,538 | $263,828 |
| 2015 | $8,215 | $481,030 | $221,165 | $259,865 |
| 2014 | $8,035 | $471,608 | $216,833 | $254,775 |
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 | $1,600,000 | 0.0% | $555 / Sq Ft |
| 06/01/2025 06/01/25 | Pending | -- | -- | -- |
| 05/14/2025 05/14/25 | Price Changed | $1,600,000 | -7.2% | $555 / Sq Ft |
| 04/12/2025 04/12/25 | Price Changed | $1,725,000 | -8.0% | $598 / Sq Ft |
| 03/18/2025 03/18/25 | For Sale | $1,875,000 | -- | $650 / Sq Ft |
Source: MLSListings
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | -- | First American Title | |
| Interfamily Deed Transfer | -- | None Available | |
| Interfamily Deed Transfer | -- | Old Republic Title Company | |
| Grant Deed | -- | None Available | |
| Interfamily Deed Transfer | -- | -- | |
| Interfamily Deed Transfer | -- | Santa Cruz Title Company | |
| Interfamily Deed Transfer | -- | Santa Cruz Title Company | |
| Grant Deed | -- | Santa Cruz Title Company | |
| Grant Deed | -- | Santa Cruz Title Company |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $701,000 | New Conventional | |
| Previous Owner | $720,000 | New Conventional | |
| Previous Owner | $577,500 | Negative Amortization | |
| Previous Owner | $350,000 | No Value Available |
Source: Public Records
Similar Homes in Santa Cruz, CA
Source: MLSListings
MLS Number: ML81998369
APN: 031-071-24-000
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