Price Reduced Listing
$999,000
 $5,363 est/mo Sourced by Back At You

516 Capitola Avenue,Capitola, CA 95010

Capitola, CA 95010

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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.

Details

MLS #ML82060122
Listing TypeFor Sale
Sub-TypeResale
StatusPending
Year1948
Days On Site54
Listing Provided ByDavid Lyng Real Estate | Greg Lukina

Features

SQ Feet1,526
Story(s)1
Building(s)2
ZoningMU-N
Acreage0.08

Interior

CoolingNone
HeatingWall Furnace
Heating Yes / NoYes
Cooling Yes / NoYes

Exterior

RoofComposition
Foundation DetailsConcrete Perimeter

Parking

Garage Yes / NoNo

Utilities

SewerPublic Sewer

Taxes

Property13300

Area Information

StateCA
CountySanta Cruz
CityCapitola
Zip Code95010
Area699 Not Defined
Listing VS Median (in 95010)
Price:
$999,000
low | high
Med:
$1,200,000
29.87987987988% of Average
sqft:
1,526
low | high
Med:
1,067
80.078636959371% of Average
$ / sqft:
$655
low | high
Med:
$1,125
21.793161483883% of Average
On site:
54
low | high
Med:
173
31.21387283237% of Average
Sourced by Back At You

Market Activity 95010

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Additional Information

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Learn More About This Property

Bruce Hatrak

Bruce Hatrak

Desert Lifestyle Properties

02054055 (760) 516-1741bmhatrak@gmail.com
StateCA
CountySanta Cruz
CityCapitola
Zip Code95010
Area699 Not Defined
Listing VS Median (in 95010)
Price:
$999,000
low | high
Med:
$1,200,000
29.87987987988% of Average
sqft:
1,526
low | high
Med:
1,067
80.078636959371% of Average
$ / sqft:
$655
low | high
Med:
$1,125
21.793161483883% of Average
On site:
54
low | high
Med:
173
31.21387283237% of Average
Sourced by Back At You
Nearby Listings (Within 1/4 mile)
Price: $749K - $1.248M
sqft: 1,000 - 1,500
Nearby Listings Property ImageNearby Listings Details
112 Capitola Avenue 100 Property Photo 1
$1,200,000
112 Capitola Avenue 100
Capitola, CA 95010
Listing Updated: October 22, 2026 at 2:17:56 PM PDT