Duplex with Detached
For Sale
$1,699,000
518 Capitola Avenue, Capitola, CA 95010
ResidentialIncome, Capitola, CA
Property Size2,239 SF
Lot Size0.09 Acres
Price / SF$758.82
Days on Market48
Property Features for 518 Capitola Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
MU-N
Parking
2
Parking features
Garage
Appliances
WasherDryer
Elementary school
SoquelUnionElementary
Middle school
NewBrightonMiddle
High school
SantaCruzCityHigh
Elementary school district
SoquelUnionElementary
High school district
SantaCruzCityHigh
Subdivision
Capitola
Standard status
Active
APN
035-094-26-000
Size
2,239 SF
Lot size
0.09 Acres
Taxes and HOA fees
Tax Annual Amount
18900
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Central
Water source
Public
Amenities
in-unit laundry
private deck
vaulted ceilings
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 21
Last Checked: Oct 21 at 12:06PM
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.
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Investment Insights
Based on property information with market context.
Two detached homes make up this duplex at 518 Capitola Avenue in Capitola. The property totals 2,239 square feet on a 0.092-acre lot and was built in 1999. Each residence offers 2 bedrooms, 2 full baths, an attached 1-car garage, and in-unit laundry. Both have a ground-floor bedroom and bath, with the kitchen, living and dining areas, and primary suite upstairs. Unit B also features vaulted ceilings and a private deck.
Unit A is tenant occupied; Unit B is owner occupied. The property is zoned MU-N and served by public water and sewer.
Unit A is tenant occupied; Unit B is owner occupied. The property is zoned MU-N and served by public water and sewer.
Key Highlights
- Two detached residences on a 0.092‑acre lot
- 2,239 square feet total; built in 1999
- Each home 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
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Open Analytics
Lease Details
2
Residential units
100%
Occupancy
Single-tenant
Tenancy
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 - Each home has an attached garage, in-unit laundry, and a bedroom and full bath on the ground floor.
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 on a 0.092‑acre lot; 2,239 square feet total; built in 1999; Each home has 2 bedrooms, 2 full baths, an attached 1‑car garage, and in‑unit laundry
