516 Capitola Avenue, Capitola, CA 95010
- $1,199,000
- 1,526
- SqFt
- List Price
- $1,199,000
- Status
- ACTIVE
- MLS#
- ML82060122
- Year Built
- 1948
- Living Sq. Ft
- 1,526
- Lot Size
- 3,441
- Acres
- 0.08
- Days on Market
- 5
- Property Type
- Multifamily
- Property Sub Type
- Triplex
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.
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Additional Information
- Taxes
- $13,300
- Heat
- Wall Furnace
- Cooling
- Yes
- Cooling Description
- None
- Roof
- Composition
- Sewer
- Public Sewer
- Water
- Public
- School District
- Other
- Middle School
- Other
- High School
- Soquel
- Attached Structure
- Detached
- Gross Scheduled Income
- $84,060
Listing courtesy of Listing Agent: Greg Lukina (glukina@davidlyng.com) from Listing Office: David Lyng Real Estate.
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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.