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Matt Cossell

matt@mattcossellteam.com +1(408) 761-3271

Listed by Greg Lukina • David Lyng Real Estate, DRE#01949291

$1,199,000

Est. payment - /mo

3 Beds

3 Baths

1,526 SqFt

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Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Active

Purchase Type For Sale

Square Footage 1,526 sqft

Price per Sqft $785

MLS Listing ID ML82060122

Bedrooms 3

Full Baths 3

Year Built 1948

Lot Size 3,441 Sqft

Property Sub-Type Triplex

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

Interior

Heating Wall Furnace

Cooling None

Exterior

Parking Features Parking Area

Utilities Available Individual Electric Meters, Individual Gas Meters, Public Utilities

Roof Type Composition

Building

Story 1

Foundation Concrete Perimeter

Sewer Sewer - Public

Water Public

Level or Stories 1

Others

Tax ID 035-094-18-000

Security Features None

Horse Property No

Special Listing Condition Not Applicable

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Matt Cossell

+1(408) 761-3271

Top 1% Realtor License ID: 01382971

516 Capitola AVE Capitola, CA 95010

Matt Cossell

Key Details

Location

Interior

Exterior

Building

Others