NOT LISTED FOR SALE

201 Monterey Ave Capitola, CA 95010

2 Beds
2 Baths
4,470 Sq Ft
1,917 Sq Ft Lot

Last Sold April 23, 2021

Last sale price $2,900,000 $649 Per Sq Ft

8 Days on Market

Highlights

  • Ocean View
  • Wood Flooring
  • Attic
  • Main Street Elementary School Rated A-
  • Victorian Architecture
  • 2-minute walk to Hihn Park

About This Home

As of April 2021

Opportunity to own a piece of Capitola history in a prime corner location in the heart of the quaint Capitola Village By the Sea. This trophy property once owned by F. A. Hihn served as the headquarters for Camp Capitola, California's first seaside resort community, until 1930. Restored in the 1970's and updated again in 2018, it has the prestigious designation as being marked a California Historic Landmark. The beautiful architecture & freshly painted exterior stands out and brings attention to 3 commercial spaces, currently 2 retail stores & a deli with 2 half baths. On the 2nd floor set above the street are 2 one-bedroom apartments recently renovated with new kitchens, baths, & flooring; one offers great ocean views. Set in the vacation rental zone offering flexibility for long or short term rentals. On the top level is a large attic loft space with high ceilings & a half bath. Arguably one of the best locations in Santa Cruz Co. only steps to the beach.

Last Agent to Sell the Property

Marcus Vidrine

David Lyng Real Estate License #70010151 Listed on: 02/10/2021

David Lyng Real Estate

Last Buyer's Agent

Elaine Della-Santina

KW Thrive Santa Cruz License #01297090

KW Thrive Santa Cruz

Property Details

Home Type

  • Multi-Family

Year Built

  • 1881

Lot Details

  • 1,917 Sq Ft Lot
  • Grass Covered Lot

Parking

  • On-Street Parking

Property Views

  • Ocean
  • Bay
  • Downtown

Home Design

  • Victorian Architecture
  • Wood Frame Construction
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 4,470 Sq Ft Home
  • 3-Story Property
  • Loft
  • Storage Room
  • Washer and Dryer
  • Attic

Kitchen

  • Electric Oven
  • Dishwasher
  • Granite Countertops

Flooring

  • Wood
  • Carpet
  • Tile

Utilities

  • Heating Available

Listing and Financial Details

  • Total Actual Rent $131,580

Community Details

Overview

Building Details

  • 6 Leased Units
  • Insurance Expense $5,500
  • Maintenance Expense $3,456
  • Manager Expense $3,465
  • Other Expense $6,644
  • Utility Expense $7,153
  • Trash Expense $801
  • Operating Expense $30,993
  • Gross Income $133,659

Property Details

Home Type

Multi-Family

Year Built

1881

Lot Details

0

Listing Details

  • Zoning: Residential/commercial
  • Subclass: Multiple Dwellings / Structures
  • Style: Victorian
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 4470
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1881

Interior Features

  • Kitchen: Countertop - Granite, Dishwasher, Oven Range - Electric
  • Living Sq Ft: 4470
  • Stories: 3
  • Laundry: Washer / Dryer
  • Flooring: Carpet, Hardwood, Tile
  • Additional Rooms: Attic, Loft, Storage

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Composition
  • View: Bay, City Lights, Downtown, Ocean
  • Yard/Grounds: Low Maintenance
  • Construction Type: Wood Frame

Garage/Parking

  • Garage Parking Features: On Street

Utilities

  • Heating System: Electric
  • Sewer/Septic System: Sewer - Public

Lot Info

  • Lot Acres: 0.0440
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 1917.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 1917.00

Rental Info

  • Existing Lease Term(s): Lease Agreement - Written, Month To Month
  • Gross Rent Multiplier: 22.43
  • Number Of Leased: 6

Multi Family

  • Utilities: Public Utilities
  • Expense Insurance: 5500
  • Expense Maintenance: 3456
  • Expense Management: 3465
  • Expenses Other: 6644
  • Expenses Total: 30993
  • Expenses Utility: 7153
  • Expense Trash: 801
  • Income Annual Gross: 133659.00
  • Income Annual Rental: 131580
  • Income Gross Scheduled: 133659
  • Income Includes: Rents
  • Income Other: 2079
  • Meters: Master Electric, Separate Electric
  • Number Of Buildings: 1
  • Operating Expenses Include: Maintenance, Maintenance - Repair, Services - Sewer, Services - Trash Removal, Utilities
  • Tenant Expenses: Services - Trash Removal, Utilities - Electric, Utilities - Water
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/08/2024 10/08/24 Off Market $2,995 -- --
09/23/2024 09/23/24 Price Changed $2,995 -9.1% $6 / Sq Ft
08/02/2024 08/02/24 For Rent $3,295 0.0% --
04/23/2021 04/23/21 Sold $2,900,000 -3.3% $649 / Sq Ft
02/19/2021 02/19/21 Pending -- -- --
02/10/2021 02/10/21 For Sale $2,998,000 -- $671 / Sq Ft
Source: MLSListings

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $37,825 $3,139,053 $1,948,378 $1,190,675
2023 $37,686 $3,017,160 $1,872,720 $1,144,440
2022 $36,409 $2,958,000 $1,836,000 $1,122,000
2021 $4,179 $95,762 $23,062 $72,700
2020 $4,497 $94,780 $22,825 $71,955
2019 $3,974 $92,922 $22,378 $70,544
2018 $3,391 $82,100 $21,939 $60,161
2017 $2,861 $80,491 $21,509 $58,982
2016 $2,378 $78,912 $21,087 $57,825
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81829248

MLSListings