Duplex with
New
For Sale
$1,500,000
511 Capitola Ave, Capitola, CA 95010
Existing long-term tenants are willing to stay, providing continuity for a new owner.
Property Size2,065 SF
Price / SF$726.39
Days on Market4
Property Features for 511 Capitola Ave
General Information
Standard status
Active
Size
2,065 SF
Property subtype
Multi Family Home
Zoning
030- Single Duplex
Property Condition
Severity
Repairs Needed
Evidence
ready for a modern touch
Additional Details
Multifamily Units
2
Tenant in Place
Yes
Building Details
Building Size
2,065 SF
Year Built
1897
Buildings
1
Listing Agency:
Bailey Properties
Listed By:
Wilhelm Zilliacus · License #01967881
(831) 566-8649
Source:
Firesiderealty
Added: Oct 23
Changed: Oct 25
Last Checked: Oct 23 at 4:31PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Bailey Properties
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Investment Insights
Based on property information with market context.
Built in 1897, this 2,065-square-foot duplex has a garage that requires attention before it can be used for parking. The property is zoned 030- Single Duplex, and current long-term tenants are willing to remain.
At 511 Capitola Ave in Capitola, the property is within walking distance of the beach, local shops, restaurants, and grocery stores. It sits just beyond the main thoroughfare, according to the provided location details.
At 511 Capitola Ave in Capitola, the property is within walking distance of the beach, local shops, restaurants, and grocery stores. It sits just beyond the main thoroughfare, according to the provided location details.
Key Highlights
- 2,065‑square‑foot duplex
- Built in 1897
- Zoned 030- Single Duplex
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$57,573
Cap Rate
3.84%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,151,460
$1.2M
Cap Rate 7%
$822,471
$822.5K
Cap Rate 9%
$639,700
$639.7K
Market Conditions
NOI Build-Up for 2,065 SF
Gross rent
$84.3K $40.80/SF
− Vacancy
−$2.0K −$0.97/SF
EGI
$82.2K $39.83/SF
− OpEx
−$24.7K −$11.95/SF
NOI
$57.6K $27.88/SF
Area
Santa Cruz County, CA
Vacancy
2.38%
Lease Rate
$40.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,151,460
Cap Rate 7%
$822,471
Cap Rate 9%
$639,700
Alternative Uses
Best Use
Multifamily LT 5
$822.5K
$719.7K – $959.6K
NOI $57,573 @ 7.0% cap · market cap 3.84%
Second Best
Apartment 5plus
$759.3K
$664.4K – $885.9K
NOI $53,153 @ 7.0% cap · market cap 3.54%
Theoretical Best
Retail
$1.18M
$1.03M – $1.38M
NOI $82,654 @ 7.0% cap · market cap 5.51%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,720
Businesses Nearby
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Business Placement
Demographics for 95010, CA
9,080
Population
4,741
Households
1.9
Avg Household Size
47
Median Age
46%
College-Educated
91%
High-School Grad
1.4 sq mi
ZIP Area
6,486
Density / Sq Mi
$96,701
Median Household Income
$53,704
Median Earnings
$2,370
Median Rent
$781,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Existing long-term tenants are willing to stay, providing continuity for a new owner.
Where is this duplex located?
The property is located at 511 Capitola Ave Capitola, CA.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: 2,065‑square‑foot duplex; Built in 1897; Zoned 030- Single Duplex
