518 Capitola Ave - Apartments FOR SALE


Capitola, CA 95010
$1,699,000 USD
831-600-5581
518 Capitola Ave, Capitola, CA for Sale
$1,699,000 USD
Apartments - FOR SALE
1/55
null | 3.58% Cap Rate

518 Capitola Ave
Capitola, CA 95010


HIGHLIGHTS

  • Two Detached 2-Bedroom / 2-Bath Residences
  • Flexible Investment or Owner-User Opportunity
  • Prime Capitola Location + Adjacent Acquisition Opportunity

OVERVIEW

Rare opportunity to own two detached residences on one property in the heart of Capitola, just minutes from Capitola Village, the beach, restaurants, and shops. Unlike a traditional duplex, each home is its own separate structure, offering exceptional privacy and flexibility with no shared living walls and no one living above or below. Both residences feature 2 bedrooms, 2 full baths, an attached 1-car garage, and in-unit laundry. Each has a bedroom and full bath on the ground floor, while upstairs the kitchen opens to the living and dining areas alongside a spacious primary suite. Unit B is enhanced by vaulted ceilings and a private deck, adding to its open and airy feel. Unit A is currently tenant occupied, while Unit B is owner occupied, providing future flexibility for an owner-user. Live in one and rent the other, enjoy a Capitola getaway with built-in income, or add a unique coastal property to your investment portfolio. A special opportunity to enjoy the Capitola lifestyle just moments from the Village. Adjacent property also available, creating a rare opportunity to acquire two neighboring income properties totaling five units in Capitola.

FOR SALE DETAILS

PRICE

$1,699,000 USD

PRICE/SF

$759 USD /SF

# OF UNITS

2

PRICE/UNIT

$849,500

CAP RATE

3.58%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1999

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.09 AC

LAND SF

3,767 SF

ZONING

MU-N

APN/PARCEL ID

035-094-26-000

ASK ABOUT THIS PROPERTY

Greg LukinaDavid Lyng Real EstateMore Info
831-600-5581

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Greg LukinaDavid Lyng Real EstateMore Info
831-600-5581

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.