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  • 516 Capitola Avenue

516 Capitola Avenue, Capitola, CA 95010

$1,199,000 Approx. USD 0 beds, 0 baths
1,526 sqft

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Photo of Jesse Hlubik

Jesse Hlubik REALTOR® - Sales Associate 310-890-6928 m
310-890-6928 o
Lic#: 01801928
NRDS ID: 207054480
Jesse@HomeSearchLA.com Text Me
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Lic#: 01801928
NRDS ID: 207054480
Jesse@HomeSearchLA.com Sherman Oaks Office
14141 Ventura Blvd., Ste. 8
Sherman Oaks, CA 91423
Phone: 818-528-3200
Fax: 818-386-9007
 Sherman Oaks 14141 Ventura Blvd., Ste. 8
Sherman Oaks, CA 91423
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Fax: 818-386-9007
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Listing Agent


Greg Lukina | glukina@davidlyng.com
Lic#: 01949291
Broker: Courtesy of David Lyng Real Estate
Phone: 831-600-5581

Co Listing Agent


Derek Fenster | derekfen@yahoo.com
Lic#: 01299424
Broker: Courtesy of David Lyng Real Estate
Phone: 831-588-4773

Agent Remarks

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.

Listing Details

Property type: Triplex (Multi-Family)
Status: Active Under Contract
MLS# ML82060122
Price: $1,199,000
Beds: 0
Baths: 0
Built in 1948
1,526 sqft
0.08 acres
Lot size: 0.0790
County: Santa Cruz
Zoning: MU-N
Heating/cooling: None
Heating description: Wall Furnace
MLS area: 699 - Not Defined

Last Updated: 10/6/2026

 Days On Market (DOM): 32

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This listing belongs to the 699 - Not Defined MLS area

Lat/Long: 36.976091, -121.953311.
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Source: CRM. Also Available in ML82060123,

DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or its applicability to your financial situation. Please consult your financial and/or tax advisor. GET PRE-APPROVED The loan's interest rate will depend upon the specific characteristics of the loan transaction and credit profile up to the time of closing.

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Photo of Jesse Hlubik

Jesse Hlubik REALTOR® - Sales Associate 310-890-6928 m
310-890-6928 o
Lic#: 01801928
NRDS ID: 207054480
Jesse@HomeSearchLA.com Text Me
Call My Cell
Call My Office
Lic#: 01801928
NRDS ID: 207054480
Jesse@HomeSearchLA.com
Sherman Oaks Office
14141 Ventura Blvd., Ste. 8
Sherman Oaks, CA 91423
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