Sold
Last Sold Price
2,883 sqft
2945 Capitola Rd, Santa Cruz, CA 95062
Multi FamilyProperty Type
0.21 acresLot Size
1964Year Built
$494/sq ftPrice per sq ft
4 carsParking Spaces

Description

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...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.
  • Listed by: George Wilson DRE #00662250 Brokerage DRE #00793982 • David Lyng Real Estate 831-818-3704
  • Listed by: Jeanne Wilson DRE #00549459 Brokerage DRE #00793982 • David Lyng Real Estate
Listing closed: 08/29/2025 12:00 AM • Source: MLSListings, MLS#: ML81998369

Location

Listing Courtesy of David Lyng Real Estate, George Wilson, DRE #00662250; David Lyng Real Estate, Jeanne Wilson, DRE #00549459

Sold By eXp Realty of California Inc, Andy Kay, DRE #00922383

Add your commute

Payment Calculator

Get preapproved with
OriginPoint Mortgage or Rocket Mortgage1

$8,738 per month

30 year fixed, 6.71% Interest

Principal and Interest

$7,364

Property Taxes

$1,375

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Know your buying power with a preapproval and custom rate in minutes

Rocket Mortgage1

Property Information for 2945 Capitola Road

Property Details
  • Taxes: $16,494 / year
  • MLS Type: RESIDENTIAL INCOME / Fourplex
  • MLS City Name: SANTA CRUZ
  • Building Type: FOURPLEX
  • Garage Spaces: 0
  • Parking Spaces: 4
  • Cross Street: 30th Ave
Building Information
  • Residences: 4
  • Year Built: 1964
  • Lot Size: 0.21 AC / 9,235 SF
Features
Features
  • Fireplace: No
  • Flooring: Carpet, Vinyl / Linoleum
  • Laundry: Washer / Dryer
  • Living SqFt: 2883
  • Pool: No
  • Security Features: None
  • Special Features: None
Utilities
  • Cooling: None
  • Heating: Gas, Wall Furnace
  • Meters: Master Water, Separate Electric, Separate Gas
  • Sewer Septic: Sewer - Public
  • Utilities: Individual Electric Meters, Individual Gas Meters, Public Utilities
  • Water: Public
Carport and Parking
  • Carport Min: 0
Garage
  • Garage and Parking: Assigned Spaces, No Garage, Uncovered Parking
Property Details
Homeowners Association
  • HOA Exists: 0
  • HOA Fee: $0
Property Details
  • Area Text: Live Oak
  • Roof: Composition
  • Subclass: Fourplex
  • Year Built Source: Assessor
  • Street Number: 2945
  • Street Name: Capitola
  • Street Suffix: Road
  • Area ID: 45
Lot / Property Details
Building Information
  • Number of Buildings: 1
  • Structure SqFt: 2883
  • Structure SqFt Source: Assessor
  • Age: 61
Development Information
  • Construction Type: Wood Frame
  • Ownership Type: Individual
  • Zoning Detail: RM-3
Location Information
  • City Limits: No
  • Incorporated: No
  • Parcel Number: 031-071-24-000
  • County Name: Santa Cruz
  • City Name: SANTA CRUZ
  • City Postal ID: 64
  • Postal Code: 95062
  • Elementary School District: 880
  • High School District Text: Santa Cruz City Elementary
Lot Information
  • Foundation: Concrete Perimeter
  • Horse Property: No
  • Lot Acres: .21
  • Lot Description: Grade - Level
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Minimum Units: Square Feet
  • Lot Size Source: Assessor
Multi Family Information
Building Information
  • No Of Leased: 4
General Information
  • Annual Tax Amount: $16,494
  • Building Unit Total: 4
  • Capitalization Rate: 4.25
  • Tenant Expenses: Utilities - Electric, Utilities - Gas, Utilities - Heating
  • Income Includes: Laundry, Rents
  • Vacancy Factor: 0
Income / Expense Details
  • Expense Insurance: $2,785
  • Expense Landscape: $0
  • Expense Maintenance: $2,018
  • Expense Management: $0
  • Expense Trash: $3,291
  • Expenses Other: $3,362
  • Expenses Utility: $8,876
  • Expenses Total: $36,826
  • Operating Expenses Include: Fee - Property Management, Fee - Property Tax, Insurance, Loan - Mortgage, Maintenance - Repair, Services - Trash Removal, Utilities - Water
  • Gross Rent Multiplier: 15.26
  • Income Annual Gross: $104,820
  • Income Annual Rental: $102,840
  • Income Gross Scheduled: $104,820
  • Income Other: $1,980
Unit 1 Information
  • Unit 1 Full Bathrooms: 1
  • Unit 1 Number of Bedrooms: 2
  • Unit 1 Rent: $2,000
Unit 2 Information
  • Unit 2 Approx Square Footage: 720
  • Unit 2 Full Bathrooms: 1
  • Unit 2 Number of Bedrooms: 2
  • Unit 2 Rent: $2,390
Unit 3 Information
  • Unit 3 Approx Square Footage: 720
  • Unit 3 Full Bathrooms: 1
  • Unit 3 Number of Bedrooms: 2
  • Unit 3 Rent: $1,965
Unit 4 Information
  • Unit 4 Approx Square Footage: 720
  • Unit 4 Full Bathrooms: 1
  • Unit 4 Number of Bedrooms: 2
  • Unit 4 Rent: $2,215
Unit Type 1
  • Unit Type1 Approx SqFt: 720

Property History for 2945 Capitola Road

DateEvent & SourcePriceAppreciation
Aug 29, 2025

Sold

MLSListings #ML81998369

$1,425,000
Aug 29, 2025

Sold

EBRD #ML81998369

$1,425,000
Jul 7, 2025

Pending

MLSListings #ML81998369

DateEvent & SourcePrice
08/29/2025

Sold

MLSListings #ML81998369

$1,425,000
08/29/2025

Sold

EBRD #ML81998369

$1,425,000
07/07/2025

Pending

MLSListings #ML81998369

For completeness, we often displays two records for one sale: the MLS record and the public record.

Schools near 2945 Capitola Road

This home is within Live Oak Elementary School District.
Rating
School
Type
Grades
Distance
Public - K to 12
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Alternative Family Education School
PublicK to 12

Mission Hill Middle School
Public6 to 8

Santa Cruz High School
Public9 to 12

Harbor High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of David Lyng Real Estate, George Wilson, DRE #00662250; David Lyng Real Estate, Jeanne Wilson, DRE #00549459

Based on information from one of the following Multiple Listing Services: San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.