516 Capitola Ave Capitola, CA 95010
Capitola AreaEstimated payment $7,815/month
About This Home
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 Details
Home Type
- Multi-Family
Year Built
- 1948
Parking
- 3 Parking Spaces
Home Design
- Triplex
- Composition Roof
- Concrete Perimeter Foundation
Interior Spaces
- 1,526 Sq Ft Home
- 1-Story Property
Utilities
- Wall Furnace
- Separate Meters
- Individual Gas Meter
Listing and Financial Details
Community Details
Overview
- 1,526 Sq Ft Building
Building Details
- 2 Leased Units
- Gardener Expense $3,600
- Insurance Expense $2,218
- Maintenance Expense $3,274
- Utility Expense $2,800
- Operating Expense $25,192
- Gross Income $84,060
Map
Home Values in the Area
Average Home Value in this Area
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 09/04/2026 09/04/26 | For Sale | $1,199,000 | -- | $786 / Sq Ft |
Source: MLSListings
MLS Number: ML82060122
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