723 El Salto Dr, Capitola, CA 95010-3402
- Hotels
- 1,320 SF
- 0.83 lot acres
Current Use by Public Records
- Hotels
Property Details for 723 El Salto Dr
- Year built
- 2004
- Lot size
- 0.83 lot acres
- Property type
- Hotels
- APN
- 036-143-35
- APU
- 3614335
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| May 15, 2025 | $5,100,000 | Joseph William Callero | David Dodds | Grant Deed | — |
| Sep 1, 2022 | — | Douglas D Dodds | Douglas Dodds | Intrafamily Transfer · related | — |
| Mar 23, 2021 | — | Douglas D Dodds | Douglas Dodds | Intrafamily Transfer · related | — |
| May 7, 2019 | — | Douglas Dodds | — | Deed · related | $150k · Private Individual |
| Feb 26, 1999 | $1,000,000 | Douglas Dodds | Greenfield Trust | Grant Deed · related | $500k · Seller |
| — | — | Douglas Dodds | — | Deed Of Trust · related | $150k · Private Individual |
| — | — | Douglas Dodds | — | Deed Of Trust · related | $600k · Paul & Anita Greenfield |
| — | — | Douglas Dobbs | — | Deed Of Trust · related | $16k · Individual |
| — | — | Doug Dodds | — | Deed Of Trust · related | $176k · Milo Babic |
| — | — | Doug Dodds | — | Deed Of Trust · related | $58k · Milo Babic |
| — | — | Douglas Dodds | — | Deed Of Trust · related | $336k · Greenfield Trust |
| — | — | Douglas Dodds | — | Deed Of Trust · related | $600k · Paul & Anita Greenfield |
| — | — | Douglas Dodds | — | Deed Of Trust · related | $600k · Paul & Anita Greenfield |
| — | — | Douglas Dodds | — | Deed Of Trust · related | $130k · Natural Software Systems Ppp |
| — | — | Douglas Dodds | — | Deed Of Trust · related | $100k · Natural Software Systems (ct) |
Description
This exceptional Capitola investment opportunity presents a rare chance to acquire a 0.828-acre bluff-top property boasting breathtaking Monterey Bay views. The property includes two buildings totaling 5,338 square feet: a 4,838 square foot, two-story, four-plex and a charming 495 square foot, one-bedroom cottage. Currently operating at 100% occupancy with nine units, generating a substantial monthly income, this property offers significant upside potential. Built in 1956 and renovated in 1986, the property features a newly constructed four-car Carmel-style garage. Zoned R-1 and VS, allowing for both residential and bed and breakfast uses, the property presents exciting possibilities for future development. Potential projects include a minor land division and the construction of two luxury homes with accessory dwelling units (ADUs) or four condos, all capitalizing on the stunning oceanfront location. Situated near Capitola Village, the property offers easy access to beaches, restaurants, shopping, and entertainment, while remaining just 26 miles from Silicon Valley. The property's prime location and development potential promise significant future value appreciation. The asking price is $6,098,000, with a price per unit of $677,555.56 and a price per square foot of $1,142.38. The property's APN is 036-143-36.
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Location Insight
- Map
- Local Demand
- City
- Capitola
- County
- Santa Cruz
- State
- California
- Longitude
- -121.944
- Latitude
- 36.9753
- CBSA code
- 42100
- CBSA name
- SANTA CRUZ-WATSONVILLE, CA METROPOLITAN STATISTICAL AREA
