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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.

  • Bedrooms
    3
  • Year Built
    1948
  • Living Area
    1526.0
  • Heating
    Wall Furnace

  • Water
    Public

  • County
    Santa Cruz
  • City
    Capitola
  • Zip Code
    95010

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Frequently Asked Questions

How do I schedule a tour of 516 Capitola Ave?

We can make that happen quickly. Click Tour This Home and we'll connect you directly with our vetted local partner to schedule your visit to 516 Capitola Ave.

They know residential incomes in the area well and can give you the guidance you need to buy with confidence.

How do I get more information about 516 Capitola Ave?

Click Ask a Question to talk with our team. You already know it is a 3 bed, N/A bath, listed for $999,000. We can talk through recent upgrades, potential seller motivation, how this triplex compares to others in Capitola, and can even get you in to see the property quickly.

How do I get a virtual tour of 516 Capitola Ave?

Yes! A virtual tour is available for 516 Capitola Ave. Click here to view the full walkthrough and explore every room at your own pace. If you would like a guided virtual showing or have questions along the way, we can connect you with our local expert to walk you through it live.

How much is the monthly mortgage payment for 516 Capitola Ave?

With a 20% down payment and a 30-year fixed loan at an illustrative 7.25% rate, the ez Mortgage Calculator estimates the monthly payment for 516 Capitola Ave at around $5,685. This includes estimated property taxes and insurance.

Want to see how this changes with different down payments or interest rates? Jump to the calculator to run the numbers and fine-tune your plan.

How do I get pre-approved to buy 516 Capitola Ave?

Stand out in a competitive market by getting pre-approved today. Our quick and private pre-approval process helps you understand your true buying power—no credit pull required to explore all of your options.

Or, let us connect you with our preferred local lender in Santa Cruz County. They will give you all of your available financing options, based on your specific situation and what is available to you.

Can I negotiate the asking price for 516 Capitola Ave?

In most cases, yes. Whether 516 Capitola Ave is priced competitively or not, your best offer depends on your personal situation, the seller's timeline, and recent activity in Capitola's market. Our preferred local partner will help you craft a strategy—factoring in comparable properties that have sold, timing, and deal structure—to make a smart, strong offer. Click here to ask about negotiation opportunities.

How do I make an offer on 516 Capitola Ave?

We can handle that for you. Our preferred local agent specializes in residential incomes in Capitola and can guide you through every step of the offer process.

You need an expert who is looking out for your best interests. From market valuation to contingencies and timing, they'll help you present a compelling offer that fits your goals. Click Ask a Question to get started today.

What is the price per square foot for this home?

This home is listed at $999,000 with 1,526 sqft of space—that comes out to approximately $655 per square foot.

How long has this property been on the market?

516 Capitola Ave was listed on September 04, 2026, which means it's been on the market for 67 days.

Want to keep tabs on it? Click the ♥ to favorite this home and get notified of price drops or changes.

When was this house built?

This home was built in 1948, making it approximately 78 years old.

Is 516 Capitola Ave still available for sale?

This home is pending sale, which means the seller has accepted an offer. You can favorite it to track status or ask our expert to help you find similar homes in this area. We'll also let you know if this property comes back on the market.

Source: ez Home Search, MLS Data

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Bay East ©2026. CCAR ©2026. bridgeMLS ©2026. Information Deemed Reliable But Not Guaranteed. This information is being provided by the Bay East MLS, or CCAR MLS, or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website. This information is intended for the personal use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated at November 10, 2026 at 04:48AM.

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