$2,650,000
$100K PRICE DROP

208 Capitola Ave Capitola, CA 95010

Estimated payment $16,494/month

Total Views 17,064
3 Beds
6 Baths
3,542 Sq Ft
$748 Price per Sq Ft

Highlights

  • 1-Story Property
  • Main Street Elementary School Rated A-
  • 1-minute walk to Barrys Park

About This Home

Live, Invest & Play in the Heart of Capitola Village! Just steps from the sand and surrounded by boutique shops and restaurants, this mixed-use property offers the ultimate coastal lifestyle with outstanding flexibility and income potential. The property features two beautifully updated residential units (a 2BR/2BA and a 1BR/1.5BA) plus two commercial storefronts, creating multiple opportunities for personal use and investment. Since 2020, it has undergone an extensive remodel, including new kitchens and bathrooms in both units, upgraded appliances, fresh interior and exterior paint, a new roof, and countless other thoughtful improvements. Located within Capitola's vacation rental zone, this property gives owners the option to enjoy their own beach retreat while benefiting from short-term rental income when away. Picture starting your day with a stroll along the sand, spending afternoons browsing local boutiques or enjoying waterfront dining, and capping the evening with a concert by the sea - all just outside your door. This is more than real estate it's a chance to fully embrace the Capitola lifestyle while securing an investment in one of the most sought-after coastal communities in California. Don't wait on this one!

Listing Agent

Greg Lukina

David Lyng Real Estate License #01949291 Listed on: 09/25/2025

David Lyng Real Estate

Property Details

Home Type

  • Multi-Family

Year Built

  • 1936

Lot Details

  • 1,786 Sq Ft Lot

Parking

  • On-Street Parking

Home Design

  • Duplex
  • Flat Roof Shape
  • Slab Foundation

Interior Spaces

  • 3,542 Sq Ft Home
  • 1-Story Property

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace

Community Details

Overview

Building Details

  • 3 Leased Units
  • Insurance Expense $14,089
  • Maintenance Expense $3,544
  • Manager Expense $37,019
  • Other Expense $14,678
  • Utility Expense $9,195
  • Operating Expense $101,458
  • Gross Income $218,243

Property Details

Home Type

Multi-Family

Year Built

1936

Lot Details

0

Listing Details

  • Zoning: MU-V
  • Subclass: Duplex
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 3542
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1936

Interior Features

  • Living Sq Ft: 3542
  • Stories: 1
  • Security: Varies By Unit

Exterior Features

  • Foundation: Concrete Slab
  • Roof: Flat / Low Pitch

Garage/Parking

  • Garage Parking Features: On Street

Utilities

  • Cooling System: Window / Wall Unit
  • Heating System: Wall Furnace
  • Sewer/Septic System: Sewer - Public

Lot Info

  • Lot Acres: 0.0410
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 1786.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 1786.00

Rental Info

  • Gross Rent Multiplier: 12.14
  • Number Of Leased: 3

Multi Family

  • Utilities: Public Utilities
  • Expense Insurance: 14089
  • Expense Maintenance: 3544
  • Expense Management: 37019
  • Expenses Other: 14678
  • Expenses Total: 101458
  • Expenses Utility: 9195
  • Income Annual Gross: 218243.00
  • Income Annual Rental: 218243
  • Income Gross Scheduled: 218243
  • Income Includes: Rents
  • Meters: Separate Electric, Separate Gas
  • Number Of Buildings: 1
  • Operating Expenses Include: Fee - License/Advertising, Services - Janitor, Utilities
  • Tenant Expenses: Utilities - Electric

Map

Range of Values:

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Value Increase
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Adjusted for Inflation
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Average Value
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List Price
Sold Price
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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
11/12/2025 11/12/25 Price Changed $2,650,000 -3.6% $748 / Sq Ft
09/26/2025 09/26/25 Price Changed $2,750,000 +32.5% $776 / Sq Ft
09/25/2025 09/25/25 For Sale $2,075,000 -- $586 / Sq Ft
Source: MLSListings

Source: MLSListings

MLS Number: ML82022902

MLSListings
California Santa Cruz County Capitola 95010

208 Capitola Ave, Capitola, CA

For Sale

MultiFamily

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Greg Lukina
Listing Agent
Greg Lukina
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David Lyng Real Estate
(831) 539-2544