Detached Duplex with Private
For Sale
$1,699,000
518 Capitola AVE, Capitola, CA 95010
Residential Income (2-4 units), CAPITOLA, CA
Property Size2,239 SF
Lot Size0.09 Acres
Price / SF$758.82
Days on Market47
Property Features for 518 Capitola AVE
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
MU-N
Bedrooms
4
Rooms
Bedroom 3, Bedroom 1, Bedroom 4, Bedroom 2
Parking
2
Parking features
Garage - Attached
Subdivision
Capitola
Standard status
Active
Size
2,239 SF
Lot size
0.09 Acres
Utilities
Heating system
Central, Forced Air
Water source
Public
Amenities
in-unit laundry
private deck
Building Details
Year built
1999
Number of units
2
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 16
Last Checked: Oct 20 at 3:06PM
MLS# ML82060133
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.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1999 duplex contains two detached residences totaling 2,239 square feet on a 0.092-acre parcel. Each home includes 2 bedrooms, 2 full bathrooms, an attached 1-car garage, and in-unit laundry. The floor plans place one bedroom and a full bath on the ground level, with an upper-level kitchen connected to the living and dining areas and a primary suite. Unit B adds vaulted ceilings and a private deck. Unit A is tenant occupied, while Unit B is owner occupied, creating an owner-user configuration with an existing tenancy. The property is zoned MU-N and served by public water, central and forced-air heating, and composition roofing. Located at 518 Capitola AVE in Capitola, the property is near Capitola Village, the beach, restaurants, and shops.
Key Highlights
- Two detached residences totaling 2,239 square feet
- 0.092‑acre parcel in Capitola, CA 95010
- Each residence has 2 bedrooms, 2 full baths, an attached 1‑car garage, and 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.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Two separate homes offer flexible occupancy with private entries, garages, and in-unit laundry.
Where is this duplex located?
The property is located at 518 Capitola AVE 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; 0.092‑acre parcel in Capitola, CA 95010; Each residence has 2 bedrooms, 2 full baths, an attached 1‑car garage, and in‑unit laundry
