516 Capitola AVE, Capitola, CA 95010
516 Capitola AVE, Capitola, CA 95010
516 Capitola AVE, Capitola, CA 95010
516 Capitola AVE, Capitola, CA 95010
516 Capitola AVE, Capitola, CA 95010
516 Capitola AVE, Capitola, CA 95010
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Tom Lithgow

Tom Lithgow

+1(408) 335-8086
Listed by Greg Lukina, DRE #01949291 • David Lyng Real Estate
$ 999,000
Est. payment | /mo

3 Beds

3 Baths

1,526 SqFt

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$ 999,000
Est. payment | /mo
Save Virtual Tour

3 Beds

3 Baths

1,526 SqFt

Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Pending

Purchase Type For Sale

Square Footage 1,526 sqft

Price per Sqft $654

MLS Listing ID ML82060122

Bedrooms 3

Full Baths 3

Year Built 1948

Lot Size 3,441 Sqft

Property Sub-Type Triplex

Source MLSListings, Inc.

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.

Location

State CA

County Santa Cruz

Area Capitola

Zoning MU-N

Interior

Heating Wall Furnace

Cooling None

Exterior

Parking Features Parking Area

Garage Spaces 3.0

Utilities Available Individual Electric Meters, Individual Gas Meters, Public Utilities

Roof Type Composition

Building

Foundation Concrete Perimeter

Sewer Sewer - Public

Water Public

Others

Tax ID 035-094-18-000

Special Listing Condition Not Applicable

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Tom Lithgow

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(408) 335-8086

thomas.lithgow@kw.com

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516 Capitola AVE