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Listed by Greg Lukina • David Lyng Real Estate, DRE#01949291
$1,199,000
Est. payment /mo
3 Beds
3 Baths
1,526 SqFt
New
516 Capitola AVE Capitola, CA 95010
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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
Bedrooms 3
Full Baths 3
Year Built 1948
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 Capitola
Zoning MU-N
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
Virtual Tour https://www.516capitola.com/mls/263955156
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