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516 Capitola AVE, Capitola

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.

3 Beds ⋅ 3 Baths ⋅ ML82060123 MLS

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.

516 Capitola AVE, Capitola

Listing courtesy of Greg Lukina, 831-600-5581 from David Lyng Real Estate
(If provided) CoList: Derek Fenster from David Lyng Real Estate

516 Capitola AVE, Capitola

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.

3 Beds ⋅ ML82060122 MLS

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.

516 Capitola AVE, Capitola

Listing courtesy of Greg Lukina, 831-600-5581 from David Lyng Real Estate
(If provided) CoList: Derek Fenster from David Lyng Real Estate

825 Balboa AVE 205, Capitola

Welcome to 825 Balboa Ave. #205, where the views truly 'seal' the deal. This beautifully situated 2-bedroom, 1.5-bath condominium offers approximately 922 square feet of coastal living with breathtaking, unobstructed ocean views of the Monterey Bay. Enjoy a front-row seat to dolphins, whales, otters, seabirds, and sailboats, then unwind each evening as the lights of Monterey shimmer across the water. With no telephone poles or overhead wires to interrupt your panoramic view, every day feels like a postcard. Just across the street, the newly refurbished coastal path invites you to walk, jog, or bike from New Brighton State Beach through Capitola Village. Stroll to the many events and activities Capitola is known for, including the Capitola Twilight Concert Series, the Capitola Art & Wine Festival, summer movies on the beach, charming boutiques, waterfront dining, and so much more. Whether you're looking for a full-time home or the perfect coastal getaway, this is one opportunity you won't want to let 'drift' away.

2 Beds ⋅ 2 Baths ⋅ ML82052831 MLS ⋅ Park Place BLDG.

Welcome to 825 Balboa Ave. #205, where the views truly 'seal' the deal. This beautifully situated 2-bedroom, 1.5-bath condominium offers approximately 922 square feet of coastal living with breathtaking, unobstructed ocean views of the Monterey Bay. Enjoy a front-row seat to dolphins, whales, otters, seabirds, and sailboats, then unwind each evening as the lights of Monterey shimmer across the water. With no telephone poles or overhead wires to interrupt your panoramic view, every day feels like a postcard. Just across the street, the newly refurbished coastal path invites you to walk, jog, or bike from New Brighton State Beach through Capitola Village. Stroll to the many events and activities Capitola is known for, including the Capitola Twilight Concert Series, the Capitola Art & Wine Festival, summer movies on the beach, charming boutiques, waterfront dining, and so much more. Whether you're looking for a full-time home or the perfect coastal getaway, this is one opportunity you won't want to let 'drift' away.

825 Balboa AVE 205, Capitola

Listing courtesy of Erica Pittman, 831-818-4123 from Coastal Dream Realty
(If provided) CoList: from

Based on information from MLSListings MLS as of All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

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