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516 Capitola AvenueCapitola, CA 95010

For Sale

$1,199,000

Smart Buyer Rebate $11,990

A rare value-add opportunity in the heart of Capitola, just minutes from Capitola Village, the beach, restaurants, and shops. This versatile triplex features three units across two structures, offering multiple possibilities for investors, owner-occupants, or buyers seeking a Capitola second home with rental income. The front building includes a 1-bedroom/1-bath unit and studio/1-bath unit, while a detached 2-bedroom/1-bath residence sits privately toward the rear. The rear unit features in-unit laundry and will be delivered vacant, creating an opportunity to renovate and make it your own while generating income from the other two units. Each unit has its own off-street parking space. Zoned MU-N (Mixed Use, Neighborhood), the property offers intriguing potential for future improvements or redevelopment, subject to City approval. Build equity through renovation, explore the property's longer-term possibilities, or reposition a well-located investment. Adjacent 2-unit property also available, creating a rare opportunity to acquire 5 units across two neighboring Capitola properties.

Listed by Greg Lukina

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License #01949291

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David Lyng Real Estate

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831-600-5581

Listed by Derek Fenster

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License #01299424

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David Lyng Real Estate

Last updated September 09, 2026

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Source: MLSListings #ML82060123

Listing Facts

  • TypeSingle-family
  • NeighborhoodCapitola
  • Bedrooms3
  • Days on Prevu12
  • Size1,526 sqft
  • Price per sqft$786

Amenities

  • Pets Allowed
  • Parking

Location

Mortgage Calculator

Listing History

09/04/2026
Listed by David Lyng Real Estate
$1,199,000
  1. 09/04/2026$1,199,000
    Listed by David Lyng Real Estate

Property Details for 516 Capitola Avenue

Exterior

Construction

  • Roof: Composition
  • Stories: 1
  • Year Built: 1948
  • Year Built Details: 2

Measurements

  • Building Area Total: 1,526
  • Lot Size Area: 3,441
  • Lot Size Source: Assessor
  • Lot Size Square Feet: 3,441
  • Lot Size Units: Square Feet

Financial

Taxes

  • Parcel Number: 035-094-18-000

Interior

Measurements

  • Living Area: 1,526

Rooms

  • Bathrooms Full: 3
  • Bedrooms Total: 3

Parking

Parking

  • Parking Features: Parking Area
  • Parking Total: 3

Schools

Elementary School

  • Elementary School District: Soquel Union Elementary

High School

  • High School: Soquel High
  • High School District: Santa Cruz City High

Middle or Junior School

  • Middle Or Junior School: New Brighton Middle

Utilities

Equipment

  • Heating: Wall Furnace
  • Sewer: Public Sewer
  • Utilities: Public Utilities, Water - Public
  • Water Source: Public

Frequently Asked Questions

How many bedrooms does this single-family home have?

There are 3 bedrooms in this single-family home at 516 Capitola Avenue.

What schools are nearby to 516 Capitola Avenue?

Nearby schools include the New Brighton Middle and Soquel High.

Does this single-family home have parking?

Yes, there are 3 parking spaces available for 516 Capitola Avenue.

How does 516 Capitola Avenue compare to other single-family homes in Capitola?

This single-family home is listed 46% below the average price for single-family homes in Capitola and has been on the market for 52 less days than the typical home in this area.

What is the square footage on this single-family home?

According to the MLS, this listing is 1,526 sqft.

516 Capitola Avenue is a 3-bedroom single-family home for sale in Capitola CA 95010. Listed on Prevu for 12 days at $1,199,000. This property features 1,526 square feet of living space, located in Capitola. The median listing price for single-family homes in this area is $1,498,000. Nearby schools include New Brighton Middle and Soquel High. Property amenities include pets allowed and parking. Browse more single-family home listings in California.

The data relating to real estate for sale on this display comes in part from the Internet Data Exchange program of the MLSListings™️ MLS system. Real estate listings held by brokerage firms other than Prevu Real Estate are marked with the Internet Data Exchange and detailed information about them includes the names of the listing brokers and listing agents. Based on information from the MLSListings MLS) as of 09/09/2026. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Data Services by Constellation Data Labs. IDX display powered by Prevu Real Estate. Copyright 2026 MLSListings Inc. All rights reserved.

Full MLS Disclaimers

Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.