Duplex with Two 2BR
New
For Sale
$1,599,000
616 Oak DR, Capitola, CA 95010
MULTI_FAMILY - CAPITOLA, CA
Property Size2,400 SF
Lot Size0.10 Acres
Price / SF$666.25
Days on Market3
Property Features for 616 Oak DR
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R
Bedrooms
4
Rooms
Bedroom 3, Laundry Room, Bedroom 1, Bedroom 4, Bedroom 2
Parking features
Carport, On Street, Guest
Appliances
Cooktop - Electric, Countertop - Other, Hood Over Range
Lot features
Grade - Level
Subdivision
Capitola
Standard status
Active
Size
2,400 SF
Lot size
0.10 Acres
Utilities
Heating system
Central, Forced Air, Natural Gas
Water source
Public
Amenities
private balconies
fenced yard/garden area
shared courtyard
shared carport with storage
individual laundry rooms
Building Details
Year built
1966
Number of units
2
Flooring type
Tile, Carpet, Laminate
Roof type
Composition, Shingle
Listing Agency:
Christie's International Real Estate Sereno
(831) 460-1100
Listed By:
Brezsny Associates · License #70010105
(831) 400-7334
Added: Jul 30
Changed: Jul 31
Last Checked: Aug 1 at 2:06AM
MLS# ML82056099
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.
Investment Insights
Based on property information with market context.
This duplex includes two updated 2BR/2BA units designed for comfortable everyday living. Each unit is approximately 1,200 SF and includes updated kitchen and bathroom finishes with quartz counters, contemporary lighting, fresh interior paint, and updated laminate or carpet flooring. Residents can enjoy private balconies, a fenced yard/garden area, and a welcoming shared courtyard. Day-to-day convenience is supported by individual laundry rooms, while parking includes a shared carport with storage and additional on-street and guest parking options.
The property was built in 1966 and features central heating with natural gas forced air, a composition shingle roof, and public water service. Both units include cooktop and hood-over-range appliances, and flooring includes laminate, tile, and carpet.
Located at 616 Oak Dr in Capitola, the property is described as a 10-minute walk to Capitola Beach and Capitola Village, with restaurants and shops nearby, plus a 3-minute stroll to Gayle’s Bakery and Capitola Produce. It’s also minutes to Nob Hill Grocery, the Capitola Wharf, and Shadowbrook restaurant.
The property was built in 1966 and features central heating with natural gas forced air, a composition shingle roof, and public water service. Both units include cooktop and hood-over-range appliances, and flooring includes laminate, tile, and carpet.
Located at 616 Oak Dr in Capitola, the property is described as a 10-minute walk to Capitola Beach and Capitola Village, with restaurants and shops nearby, plus a 3-minute stroll to Gayle’s Bakery and Capitola Produce. It’s also minutes to Nob Hill Grocery, the Capitola Wharf, and Shadowbrook restaurant.
Key Highlights
- Two updated 2BR/2BA units, each approx 1,200 SF
- Shared courtyard plus private balconies, fenced yard/garden area
- 4,356 SF lot with shared carport and storage
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $97.9k | $40.80 |
| − Vacancy | −$2.3k | −$0.97 |
| EGI | $95.6k | $39.83 |
| − OpEx | −$28.7k | −$11.95 |
| NOI | $66.9k | $27.88 |
2,400 SF · lease $40.80/SF/yr · vacancy 2.38% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$955.9K
$836.4K – $1.12M
NOI $66,913 @ 7.0% cap · market cap 4.18%
Second Best
Apartment 5plus
$882.5K
$772.2K – $1.03M
NOI $61,776 @ 7.0% cap · market cap 3.86%
Theoretical Best
Retail
$1.37M
$1.20M – $1.60M
NOI $96,062 @ 7.0% cap · market cap 6.01%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-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
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Duplex offers two updated 2BR/2BA residences with private balconies, a shared courtyard, and dedicated laundry rooms.
Where is this duplex located?
The property is located at 616 Oak DR Capitola, CA.
What is the asking price?
The asking price for this property is $1,599,000.
What are key features of this property?
This property features: Two updated 2BR/2BA units, each approx 1,200 SF; Shared courtyard plus private balconies, fenced yard/garden area; 4,356 SF lot with shared carport and storage
