Detached Two-Unit
For Sale
$1,699,000
518 Capitola Avenue, Capitola, CA 95010
Two independent homes offer private entrances, attached garages, and in-unit laundry for flexible occupancy.
Property Size2,239 SF
Price / SF$758.82
Days on Market53
Property Features for 518 Capitola Avenue
General Information
Standard status
Active
Size
2,239 SF
Total Parking Spaces
2
Property subtype
Multi Family
Units
Unit Mix
2 x 2BR/2BA
Multifamily Units
2
Parking per Unit
1
Amenities
in-unit laundry
private deck
Building Details
Year Built
1999
Buildings
2
Listing Agency:
David Lyng Real Estate
Listed By:
Greg Lukina · License #01949291
(831) 600-5581
Source:
Exitrealty
Added: Sep 6
Changed: Oct 26
Last Checked: Oct 24 at 1:31PM
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 David Lyng Real Estate
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Investment Insights
Based on property information with market context.
This duplex consists of two detached residences totaling 2,239 square feet. Built in 1999, each home includes 2 bedrooms, 2 full bathrooms, an attached 1-car garage, and in-unit laundry. Both layouts place one bedroom and full bathroom on the ground floor, with an upper level where the kitchen connects to the living and dining areas and a primary suite. Unit B also includes vaulted ceilings and a private deck.
Unit A is tenant occupied, while Unit B is owner occupied. The property is located at 518 Capitola Avenue in Capitola, near Capitola Village, the beach, restaurants, and shops. An adjacent property is also available and, according to the provided information, would bring the combined neighboring properties to five units.
Unit A is tenant occupied, while Unit B is owner occupied. The property is located at 518 Capitola Avenue in Capitola, near Capitola Village, the beach, restaurants, and shops. An adjacent property is also available and, according to the provided information, would bring the combined neighboring properties to five units.
Key Highlights
- Two detached residences totaling 2,239 square feet
- Each home has 2 bedrooms, 2 full bathrooms, and an attached 1‑car garage
- Both residences include in‑unit laundry
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$62,424
Cap Rate
3.67%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,248,480
$1.2M
Cap Rate 7%
$891,771
$891.8K
Cap Rate 9%
$693,600
$693.6K
Market Conditions
NOI Build-Up for 2,239 SF
Gross rent
$91.4K $40.80/SF
− Vacancy
−$2.2K −$0.97/SF
EGI
$89.2K $39.83/SF
− OpEx
−$26.8K −$11.95/SF
NOI
$62.4K $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%
$1,248,480
Cap Rate 7%
$891,771
Cap Rate 9%
$693,600
Alternative Uses
Best Use
Multifamily LT 5
$891.8K
$780.3K – $1.04M
NOI $62,424 @ 7.0% cap · market cap 3.67%
Second Best
Apartment 5plus
$823.3K
$720.4K – $960.5K
NOI $57,632 @ 7.0% cap · market cap 3.39%
Theoretical Best
Retail
$1.28M
$1.12M – $1.49M
NOI $89,618 @ 7.0% cap · market cap 5.27%
Zoning and permitted uses should be independently verified with authorities.
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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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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Two independent homes offer private entrances, attached garages, and in-unit laundry for flexible occupancy.
Where is this duplex located?
The property is located at 518 Capitola Avenue Capitola, CA.
What is the asking price?
The asking price for this property is $1,699,000.
What are key features of this property?
This property features: Two detached residences totaling 2,239 square feet; Each home has 2 bedrooms, 2 full bathrooms, and an attached 1‑car garage; Both residences include in‑unit laundry
