Triplex With Detached
For Sale
$999,000
516 Capitola AVE, Capitola, CA 95010
Residential Income (2-4 units), CAPITOLA, CA
Property Size1,526 SF
Lot Size0.08 Acres
Price / SF$654.65
Days on Market47
Property Features for 516 Capitola AVE
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Zoning
MU-N
Bedrooms
3
Rooms
Bedroom 1, Bedroom 3, Bedroom 2
Parking
3
Subdivision
Capitola
Standard status
Active
Size
1,526 SF
Lot size
0.08 Acres
Utilities
Heating system
Wall Furnace
Water source
Public
Amenities
in-unit laundry
Building Details
Year built
1948
Number of units
3
Roof type
Composition
Listing Agency:
David Lyng Real Estate
(831) 438-5700
Listed By:
Greg Lukina · License #01949291
(831) 600-5581
Added: Sep 4
Changed: Oct 19
Last Checked: Oct 20 at 3:06PM
MLS# ML82060122
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.
Located at 516 Capitola AVE in Capitola, this 1,526-square-foot triplex was built in 1948 and consists of two structures. The front building contains a one-bedroom, one-bath unit and a studio with one bath. A detached rear residence provides two bedrooms and one bath, along with in-unit laundry. Each unit has its own off-street parking space, and the rear residence will be delivered vacant.
The property occupies 0.079 acres and is zoned MU-N, or Mixed Use, Neighborhood. Public water serves the site, and the building has composition roofing and wall-furnace heating. Capitola Village, the beach, restaurants, and shops are described as nearby. Future improvements or redevelopment are subject to City approval.
The property occupies 0.079 acres and is zoned MU-N, or Mixed Use, Neighborhood. Public water serves the site, and the building has composition roofing and wall-furnace heating. Capitola Village, the beach, restaurants, and shops are described as nearby. Future improvements or redevelopment are subject to City approval.
Key Highlights
- Three‑unit configuration across two structures
- Unit mix includes 1‑bedroom/1‑bath, studio/1‑bath, and detached 2‑bedroom/1‑bath residence
- 1,526 square feet on a 0.079‑acre lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,545
Cap Rate
4.26%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$850,900
$850.9K
Cap Rate 7%
$607,786
$607.8K
Cap Rate 9%
$472,722
$472.7K
Market Conditions
NOI Build-Up for 1,526 SF
Gross rent
$62.3K $40.80/SF
− Vacancy
−$1.5K −$0.97/SF
EGI
$60.8K $39.83/SF
− OpEx
−$18.2K −$11.95/SF
NOI
$42.5K $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%
$850,900
Cap Rate 7%
$607,786
Cap Rate 9%
$472,722
Alternative Uses
Best Use
Multifamily LT 5
$607.8K
$531.8K – $709.1K
NOI $42,545 @ 7.0% cap · market cap 4.26%
Second Best
Apartment 5plus
$561.1K
$491.0K – $654.7K
NOI $39,279 @ 7.0% cap · market cap 3.93%
Theoretical Best
Retail
$872.6K
$763.5K – $1.02M
NOI $61,080 @ 7.0% cap · market cap 6.11%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
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?
Triplex - Three-unit property with separate structures, individual off-street parking, and a rear residence offered vacant.
Where is this triplex located?
The property is located at 516 Capitola AVE Capitola, CA.
What is the asking price?
The asking price for this property is $999,000.
What are key features of this property?
This property features: Three‑unit configuration across two structures; Unit mix includes 1‑bedroom/1‑bath, studio/1‑bath, and detached 2‑bedroom/1‑bath residence; 1,526 square feet on a 0.079‑acre lot
