Triplex with Detached
For Sale
$999,000
516 Capitola Avenue, Capitola, CA 95010
ResidentialIncome, Capitola, CA
Property Size1,526 SF
Lot Size0.08 Acres
Price / SF$654.65
Days on Market48
Property Features for 516 Capitola Avenue
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Zoning
MU-N
Parking
3
Elementary school
SoquelUnionElementary
Middle school
NewBrightonMiddle
High school
SantaCruzCityHigh
Elementary school district
SoquelUnionElementary
High school district
SantaCruzCityHigh
Subdivision
Capitola
Standard status
Active
APN
035-094-18-000
Size
1,526 SF
Lot size
0.08 Acres
Taxes and HOA fees
Tax Annual Amount
13300
Utilities
Sewer type
Public Sewer
Water source
Public
Building Details
Year built
1948
Floors in Building
1
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 21
Last Checked: Oct 21 at 12:06PM
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.
Three residential units occupy two buildings on a 0.079-acre property. The front structure contains a one-bedroom, one-bath apartment and a studio with one bath; a separate rear residence has two bedrooms and one bath. The rear home includes in-unit laundry and will be vacant at delivery. The property totals 1,526 square feet and was built in 1948.
Each unit has one off-street parking space. Public water and sewer serve the property, which is zoned MU-N (Mixed Use, Neighborhood). Capitola Village, the beach, restaurants, and shops are described as a short drive away. An adjacent two-unit property is also available; together, the properties comprise five units.
Each unit has one off-street parking space. Public water and sewer serve the property, which is zoned MU-N (Mixed Use, Neighborhood). Capitola Village, the beach, restaurants, and shops are described as a short drive away. An adjacent two-unit property is also available; together, the properties comprise five units.
Key Highlights
- Three units in two structures: a front 1‑bedroom/1‑bath unit, a studio/1‑bath unit, and a rear 2‑bedroom/1‑bath residence
- Detached rear residence includes in‑unit laundry and will be vacant at delivery
- 1,526 square feet on 0.079 acres
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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Open Analytics
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 - MU-N zoning and a vacant rear home offer flexibility within this three-unit property.
Where is this triplex located?
The property is located at 516 Capitola Avenue 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 units in two structures: a front 1‑bedroom/1‑bath unit, a studio/1‑bath unit, and a rear 2‑bedroom/1‑bath residence; Detached rear residence includes in‑unit laundry and will be vacant at delivery; 1,526 square feet on 0.079 acres
