516 Capitola Avenue, Capitola, CA 95010

← Back to search

Pending

$999,000

bedrooms

bathrooms

square feet

1,526

Acreage

0.079

Open Houses

year built

1948

Full Baths

Half Baths

Find out more

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
Subdivision	-
County	SantaCruz
Elementary School	SoquelUnionElementary
Middle School	NewBrightonMiddle
High School	SantaCruzCityHigh

Driving directions

Open houses

None scheduled.

Find out more

Tell us who you are, and we will have someone reach out to you.

Name*

Email*

Phone*

Message

I have a house to sell

By proceeding, you consent to receive calls, texts and voicemails at the number you provided (may be recorded and may be autodialed and use pre-recorded and artificial voices), and email, from Kotohomes, Mercury News, Greg Lukina, and their network of service providers about your inquiry and other home-related matters.

Msg/data rates may apply. This consent applies even if you are on a do not call list and is not a condition of any purchase.

MLS number: ML82060122

Listing status: Pending

Listing agent: Greg Lukina #01949291

Listing broker: David Lyng Real Estate (831) 476-0100

Last update: Thursday, October 22 2026 at 11:39 p.m. EDT

Kotohomes National