516 Capitola AVE, Capitola, CA 95010
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516 Capitola AVE, Capitola, CA 95010
516 Capitola AVE, Capitola, CA 95010
516 Capitola AVE, Capitola, CA 95010
516 Capitola AVE, Capitola, CA 95010
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Alan Canas

Alan Canas

+1(415) 298-8940
Listed by Greg Lukina • David Lyng Real Estate, DRE#01949291
$ 1,199,000
Est. payment /mo
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516 Capitola AVE Capitola, CA 95010

3 Beds

3 Baths

1,526 SqFt

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 1,526 sqft

Price per Sqft $785

MLS Listing ID ML82060123

Bedrooms 3

Full Baths 3

Year Built 1948

Lot Size 3,441 Sqft

Property Sub-Type Single Family Home

Property Description

A rare value-add opportunity in the heart of Capitola, just minutes from Capitola Village, the beach, restaurants, and shops. This versatile triplex features three units across two structures, offering multiple possibilities for investors, owner-occupants, or buyers seeking a Capitola second home with rental income. The front building includes a 1-bedroom/1-bath unit and studio/1-bath unit, while a detached 2-bedroom/1-bath residence sits privately toward the rear. The rear unit features in-unit laundry and will be delivered vacant, creating an opportunity to renovate and make it your own while generating income from the other two units. Each unit has its own off-street parking space. Zoned MU-N (Mixed Use, Neighborhood), the property offers intriguing potential for future improvements or redevelopment, subject to City approval. Build equity through renovation, explore the property's longer-term possibilities, or reposition a well-located investment. Adjacent 2-unit property also available, creating a rare opportunity to acquire 5 units across two neighboring Capitola properties.

Location

State CA

County Santa Cruz

Area Capitola

Zoning MU-N

Rooms

Family Room No Family Room

Dining Room Dining Area

Interior

Heating Wall Furnace

Cooling None

Exterior

Parking Features Parking Area

Utilities Available Individual Electric Meters, Individual Gas Meters, Public Utilities

Roof Type Composition

Building

Story 1

Foundation Concrete Perimeter

Sewer Sewer - Public

Water Public

Level or Stories 1

Others

Tax ID 035-094-18-000

Security Features None

Horse Property No

Special Listing Condition Not Applicable

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Alan Canas

Alan Canas

PRIVATE OFFICE ADVISOR & LICENSED PARTNER | Realtor® CA DRE 01793936NV DRE S.0205600

+1(415) 298-8940

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516 Capitola AVE