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$ 1,199,000
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516 Capitola AVE Capitola, CA 95010
1,526 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Square Footage 1,526 sqft
Price per Sqft $785
MLS Listing ID ML82060122
HOA Y/N No
Year Built 1948
Annual Tax Amount $13,300
Lot Size 3,441 Sqft
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.
Location
State CA
County Santa Cruz
Area 699 - Not Defined
Zoning MU-N
Interior
Heating Wall Furnace
Cooling None
Fireplace No
Exterior
View Y/N No
Roof Type Composition
Accessibility None
Total Parking Spaces 3
Building
Story 1
Foundation Concrete Perimeter
Sewer Public Sewer
Water Public
Schools
Middle Schools Other
High Schools Soquel
School District Other
Others
Tax ID 03509418000
Special Listing Condition Standard
Virtual Tour https://www.516capitola.com/mls/263955156
Listed by Greg Lukina David Lyng Real Estate #01949291
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Donna Phelan
Real Estate Team Lead License ID: 01338574