516 Capitola AVE, Capitola, CA 95010
- $1,199,000
- 3
- BD
- 1,526
- SqFt
Listed by Greg Lukina, 831-600-5581 from David Lyng Real Estate
(If provided) CoList: Derek Fenster from David Lyng Real Estate
- List Price
- $1,199,000
- MLS#
- ML82060122
- Status
- ACTIVE
- Zoning
- MU-N
- Sqft. of Residence
- 1,526
- Lot Size
- 3,441
- Listing Area
- Capitola
Property 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.
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Additional Information
- Cooling System
- None
- Foundation
- Concrete Perimeter
- Garage Parking
- Parking Area
- Heating System
- Wall Furnace
- Living Area
- 1,526
- Lot Size
- 3,441
- Neighborhood
- Capitola
- Other Utilities
- Individual Electric Meters, Individual Gas Meters, Public Utilities
- Roof
- Composition
- Sewer
- Sewer - Public
- Unincorporated Yn
- Yes
- Zoning
- MU-N
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