$1,199,000

516 Capitola Avenue, Capitola, CA 95010

Price journey

No recorded price changes. We record a move the moment we see one, and we start from when this listing entered our tracking — we don’t backfill, because the feed carries no earlier history to reconstruct. So this is a gap in our records, not evidence that the price has never moved.

14% below the Capitola median of $1.4M (38 active listings)

47% of Capitola listings have cut their price · half have been listed 45+ days

3beds

3baths

1,526sqft

$786/sqft

About this home

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.