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$1,699,000
4 Beds ML82060133 MLS
Rare opportunity to own two detached residences on one property in the heart of Capitola, just minutes from Capitola Village, the beach, restaurants, and shops. Unlike a traditional duplex, each home is its own separate structure, offering exceptional privacy and flexibility with no shared living walls and no one living above or below. Both residences feature 2 bedrooms, 2 full baths, an attached 1-car garage, and in-unit laundry. Each has a bedroom and full bath on the ground floor, while upstairs the kitchen opens to the living and dining areas alongside a spacious primary suite. Unit B is enhanced by vaulted ceilings and a private deck, adding to its open and airy feel. Unit A is currently tenant occupied, while Unit B is owner occupied, providing future flexibility for an owner-user. Live in one and rent the other, enjoy a Capitola getaway with built-in income, or add a unique coastal property to your investment portfolio. A special opportunity to enjoy the Capitola lifestyle just moments from the Village. Adjacent property also available, creating a rare opportunity to acquire two neighboring income properties totaling five units in Capitola.

518 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

$1,199,000
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

$1,500,000
4 Beds ML82059281 MLS
This duplex offers a unique combination of space, location, and potential in the heart of Capitola Village. Rarely does a property of this size become available in such a prime location. Enjoy the ultimate Capitola Village lifestyle with the beach, local boutiques, restaurants, and grocery stores just a short stroll away.While being within easy walking distance of the action, the property is positioned just outside the main thoroughfare, providing a peaceful retreat from the hustle and bustle. This property is an ideal choice for investors or those looking for a versatile living arrangement. While the home retains much of its original charm and is ready for a modern touch, it offers a fantastic blank canvas for a new owner to customize the space and significantly add value. The garage presents a great opportunity, with some TLC, it can be restored to full functionality, providing highly coveted, private off-street parking. The current long-term tenants are happy to stay, offering immediate, reliable income for a new owner looking for a rental investment. Whether you are looking to add something special to your portfolio or secure a foothold in one of the coast's most desirable cities, this duplex presents a rare and versatile opportunity.

511 Capitola AVE, Capitola

Listing courtesy of Wilhelm Zilliacus, 831-566-8649 from Bailey Properties
(If provided) CoList: from

$5,800,000
5 Beds ML82054271 MLS
Big Price Reduction! At the end of a quiet street in Capitola's coveted Depot Hill neighborhood, this exceptional oceanfront property offers spectacular panoramic views across Monterey Bay. Featuring a remodeled 3-bedroom main residence plus four additional updated units, this rare offering is ideal as a primary residence, vacation home, multi-generational compound, investment property, or corporate retreat. The main home features high ceilings, an open-concept living area, custom lighting, & a wraparound deck with breathtaking views from Pleasure Point, Capitola Village, to the Seacliff Cement Ship, & beyond. Two ocean-view bedrooms open to an oceanfront patio with a fire pit, while a private courtyard with a hot tub provides a peaceful retreat. A third bedroom & bath are on the main level. A private studio with fireplace, Murphy bed, bath, & laundry has its own entrance or access from the main home's deck. The detached triplex includes two studios & a one-bedroom unit with ocean views, outdoor space, garage parking, & laundry. The property offers garage parking for 6 cars plus additional off-street parking, & is a short stroll to Capitola Village & the beach. A rare opportunity to own one of Depot Hill's premier oceanfront properties with incredible views & income potential.

100 Oakland, Capitola

Listing courtesy of Megan Lyng, 831-345-0503 from David Lyng Real Estate
(If provided) CoList: from

$1,498,000
3 Beds ML82048029 MLS
Location location location. Just steps from beach, river and village shops and restaurants, this charming home was beautifully updated in 1990. Enter the 2-bedroom 1 bathroom unit through private gate and brick walkway surrounded by scents of herbs and flowers. Located in the picturesque Capitola, this residence offers a cozy and inviting atmosphere with open beam ceiling and French doors and windows that add character to the white interior with black accents. The kitchen features modern amenities including a marble countertop, garbage disposal, and a gas oven range. Large walk in shower in bathroom with a sun tunnel. French door leads out to sunny deck with views of the Capitola Trestle and has access to a lower brick patio and lower unit via the spiral stairway. The bonus value in this property is a large studio unit (bedroom 3 ) that is currently rented... The flooring throughout the home is a blend of tile, wood upstairs and engineered flooring in downstairs providing both durability and aesthetic appeal. The heating system includes baseboards and electric fireplace, The layout is efficiently designed to maximize space and functionality. For convenience, laundry is located in the utility room and storage area. Charming and convenient to all things Capitola has to offer.

429 Capitola AVE, Capitola

Listing courtesy of Vicki Malandra, 831-818-2337 from David Lyng Real Estate
(If provided) CoList: from

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