About This Home
This 3-bedroom, 3-bathroom single family at 516 Capitola AVE in Capitola, CA is listed for $1,199,000 ($786 per sqft). Built in 1948, the home offers 1,526 sqft of living space on a 0.08 acres lot.
Key Features
- Built in 1948
- 0.08 acre lot
- 3 parking spaces
Property Details
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.
Monthly Cost Estimate
$6,413/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
516 Capitola AVE
Capitola, CA 95010
Property Details
Heating
Questions & Answers
This 3-bedroom, 3-bathroom single family at 516 Capitola AVE is listed at $1,199,000 ($786/sqft). The estimated monthly payment is $6,413 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.
Key features include: Built in 1948, 0.08 acre lot, 3 parking spaces.
This property is listed by Greg Lukina and can be reached at 8316005581.
