516 Capitola AvenueCapitola, CA 95010

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.

Property Information

Property type

Residential

Sub-type

Single Family Residence

Year built

1948

Stories

1

Living area

1,526 Sq Ft

Parking spaces

3

Days on market

68

MLS^® Listing#

ML82060123

Property Features

Cooling

None

Heating

Wall Furnace

Pool

None

Foundation

Concrete Perimeter

Roof

Composition

Sewer

Public Sewer

Water source

Public

Schools

Middle

New Brighton Middle

High

Soquel High

Financial Details

HOA

None

Parcel number

035-094-18-000