Duplex with
For Sale
Under Contract
$1,500,000
511 Capitola Avenue, Capitola, CA 95010
ResidentialIncome, Capitola, CA
Property Size2,065 SF
Lot Size0.09 Acres
Price / SF$726.39
Days on Market55
Property Features for 511 Capitola Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
030- Single Duplex
Parking features
On Street, Garage
Appliances
WasherDryer
Elementary school
SoquelUnionElementary
High school
SantaCruzCityHigh
Elementary school district
SoquelUnionElementary
High school district
SantaCruzCityHigh
Subdivision
Capitola
Standard status
Active Under Contract
APN
035-093-39-000
Size
2,065 SF
Lot size
0.09 Acres
Taxes and HOA fees
Tax Annual Amount
0
Utilities
Sewer type
Public Sewer
Water source
Public
Building Details
Year built
1897
Number of units
2
Roof type
Composition
Listing Agency:
Bailey Properties
(831) 426-4100
Listed By:
Wilhelm Zilliacus · License #01967881
(831) 566-8649
Added: Aug 28
Changed: Oct 21
Last Checked: Oct 21 at 12:06PM
MLS# ML82059281
Copyright © 2026 MLS Listings, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This duplex contains 2,065 square feet on a 0.089-acre parcel. Built in 1897, the property has a composition roof, a garage, and public water and sewer service. A washer and dryer are included, and the zoning designation is 030- Single Duplex.
The property is at 511 Capitola Avenue in Capitola, within walking distance of the beach, shops, restaurants, and grocery stores. It sits outside the village’s main thoroughfare. On-street parking is also available.
The two existing long-term tenants are willing to stay. The garage is present, and the property includes both garage and on-street parking features.
The property is at 511 Capitola Avenue in Capitola, within walking distance of the beach, shops, restaurants, and grocery stores. It sits outside the village’s main thoroughfare. On-street parking is also available.
The two existing long-term tenants are willing to stay. The garage is present, and the property includes both garage and on-street parking features.
Key Highlights
- 2,065 square feet on a 0.089‑acre parcel
- Built in 1897 with a composition roof
- Two long‑term tenants are willing to remain
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.
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Property Analytics
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Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,720
Businesses Nearby
Explore this area
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 - Two long-term tenants may remain, providing rental income from the existing two-unit property.
Where is this duplex located?
The property is located at 511 Capitola Avenue 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 feet on a 0.089‑acre parcel; Built in 1897 with a composition roof; Two long‑term tenants are willing to remain
