Capitola, CA 95010
$1,199,000
Beds
3
Baths
3
Living Space
1,526 SqFt
Year Built
1948
Lot Size
3,441 SqFt
Days
15
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.
Listing provided courtesy ofGreg Lukina License 01949291 David Lyng Real Estate, Derek Fenster License 01299424 David Lyng Real Estate
Data provided by MLSListings Inc.
School District: Soquel Union Elementary
Within a 1-2 mile radius of 516 Capitola Avenue, Capitola, CA, 95010, several parks and recreational areas are available. These include Noble Gulch Park, Old Riverview Historic District, and Peery Park. Additionally, Monterey Avenue Park offers walking and running paths, a baseball court, and amenities like a parking lot and drinking water. The Park at Rispin Mansion provides walking paths and celebrates the area's natural setting and history.
The neighborhood is part of Capitola, a coastal city known for its charming village, scenic beaches, and vibrant community. Capitola offers a blend of coastal living with convenient access to shops, restaurants, and amenities. The area is characterized by its laid-back lifestyle, with a strong sense of community often celebrated through local events like the Capitola Art and Wine Festival. Dining options range from casual cafes like Avenue Cafe to fine dining at Shadowbrook Restaurant.
This location is a Walker's Paradise with a Walk Score of 91 out of 100, indicating that daily errands do not require a car. Public transit options include bus lines such as the 55 Cabrillo/Rio Del Mar/La Selva, and the 2 Capitola/Cabrillo/Main. A Transit Score is not readily available.
This neighborhood information is AI-generated based on the property address and publicly available data. Please verify important information independently. Do not rely solely on this information for property decisions. RoostHaven makes no warranties and assumes no liability for the accuracy or completeness of AI-generated information. School boundaries, ratings, and local amenities may change over time.
School District: Soquel Union Elementary
Within a 1-2 mile radius of 516 Capitola Avenue, Capitola, CA, 95010, several parks and recreational areas are available. These include Noble Gulch Park, Old Riverview Historic District, and Peery Park. Additionally, Monterey Avenue Park offers walking and running paths, a baseball court, and amenities like a parking lot and drinking water. The Park at Rispin Mansion provides walking paths and celebrates the area's natural setting and history.
The neighborhood is part of Capitola, a coastal city known for its charming village, scenic beaches, and vibrant community. Capitola offers a blend of coastal living with convenient access to shops, restaurants, and amenities. The area is characterized by its laid-back lifestyle, with a strong sense of community often celebrated through local events like the Capitola Art and Wine Festival. Dining options range from casual cafes like Avenue Cafe to fine dining at Shadowbrook Restaurant.
This location is a Walker's Paradise with a Walk Score of 91 out of 100, indicating that daily errands do not require a car. Public transit options include bus lines such as the 55 Cabrillo/Rio Del Mar/La Selva, and the 2 Capitola/Cabrillo/Main. A Transit Score is not readily available.
This neighborhood information is AI-generated based on the property address and publicly available data. Please verify important information independently. Do not rely solely on this information for property decisions. RoostHaven makes no warranties and assumes no liability for the accuracy or completeness of AI-generated information. School boundaries, ratings, and local amenities may change over time.
