Home | Santa Cruz County | Capitola | 95010 | 516 Capitola Ave
516 Capitola Ave, Capitola, CA 95010
MLS: ML82060122 | Status: Active | Price: $1,199,000
Beds/Baths: – / –
Property Type: Residential Income
Quick Facts
| Beds |
Baths |
Sq Ft |
Sq Ft Lot |
Yr Built |
| – |
– |
1,526 |
3,441 |
1948 |
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.
| Field |
Value |
| MLS # |
ML82060122 |
| MLS Source |
MLSListings, Inc. |
| Days on Site |
3 |
Features
Interior Features
| Feature |
Details |
| Cooling |
None |
| Heating |
Wall Furnace |
Exterior Features
| Feature |
Details |
| Roof |
Composition |
| Foundation |
Concrete Perimeter |
| Feature |
Details |
| Garage/Parking |
Parking Area, Garage: 0 Car(s) |
| Elementary District |
Soquel Union Elementary |
| High School District |
Santa Cruz City High |
| Sewer |
Public Sewer |
| Water |
Public |
| Zoning |
MU-N |
| Listing Agent |
Co-Listing Agent |
| Greg Lukina |
Derek Fenster |
| David Lyng Real Estate |
David Lyng Real Estate |
| License #: 01949291 |
License #: 01299424 |
| Phone: (831) 600-5581 |
Phone: (831) 588-4773 |
Property Units
| # Buildings |
# Leased Units |
# Total Units |
| 2 |
2 |
3 |
Unit Details
| Unit # |
Sq Ft |
Beds |
Baths |
Rent |
| 1 |
463 |
1 |
1/0 |
$1,905 |
| 2 |
300 |
0 |
1/0 |
$1,600 |
| 3 |
763 |
2 |
1/0 |
$3,500 |
School Ratings
School data provided by GreatSchools.org
Nearby Schools
Disclosures
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This listing information is up-to-date as of September 04, 2026. For the most current information, please contact Greg Lukina, (831) 600-5581.