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
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Jim Black

Jim Black

+1(925) 285-4898
Listed by Greg Lukina, DRE #01949291 • David Lyng Real Estate
$ 1,199,000
Est. payment | /mo

3 Beds

3 Baths

1,526 SqFt

Save Virtual Tour
$ 1,199,000
Est. payment | /mo
Save Virtual Tour

3 Beds

3 Baths

1,526 SqFt

Key Details

Property Type Single Family Home

Sub Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 1,526 sqft

Price per Sqft $785

MLS Listing ID ML82060123

Bedrooms 3

Full Baths 3

Year Built 1948

Lot Size 3,441 Sqft

Property Sub-Type Single Family Home

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

Rooms

Family Room No Family Room

Dining Room Dining Area

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

Virtual Tour https://www.516capitola.com

MLS Listing IDX PLUS
Copyright 2026 MLSListings Inc All rights reserved.

Nearby Locations

GET MORE INFORMATION

Jim Black
Jim Black

Chief Lending Officer : Founder License ID: NMLS633511/1065732 DRE02089890

+1(925) 285-4898

www.meetjimblack.com

2571 S Main St., Ste D, Soquel, CA 95073, USA

Name
Phone*
Message

By checking this box, I agree by electronic signature to the Electronic Disclosure Consent Agreement; to receive recurring marketing communication from Revest Homes, Inc., including auto-dialed calls, texts, and artificial/prerecorded voice messages (message frequency varies; data rates may apply; reply "STOP" to opt-out of texts or "HELP" for assistance); and to the Terms of Service and Privacy Policy of this website. Consent not required to make a purchase. I understand that I can call to obtain direct assistance.

Go tour this home

516 Capitola AVE