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DAVID LYNG REAL ESTATE | DRE 00793982

831.429.5700

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1041 41ST AVE
SANTA CRUZ CA 95062

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Listed by David Lyng Real Estate, Greg Lukina, Derek Fenster Listing Contact: 831-600-5581

$1,199,000

516 AVE, Capitola, CA 95010

  • Sq.Ft.

    1,526

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Property Description

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.

Overview

Property Status
For Sale
Lot Size
3,441 Sq.Ft.
MLS ID
ML82060122
Property Type
Multi-Family
Year Built
1948

Features & Amenities

Total Area
1,526 Sq.Ft.
Neighborhood
Capitola
Stories
1
Water Source
Public
Utilities
Public Utilities, Water Public, Individual Electric Meters, Individual Gas Meters
Roof
Composition
Parking
Parking Area
Heat Type
Wall Furnace
Air Conditioning
None
Sewer
Public Sewer
Substructure
Concrete Perimeter
Disability Features
None
Middle School
NewBrightonMiddle
High School
SoquelHigh
School District
SantaCruzCityHigh
Sales Price
$1,199,000
Real Estate Tax
$13,300/yr
Zoning
MU-N

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516 AVE

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831.429.5700

OFFICE 1041 41ST AVE SANTA CRUZ CA 95062

DAVID LYNG REAL ESTATE | DRE 00793982

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By providing your contact information to David Lyng Real Estate, your personal information will be processed in accordance with David Lyng Real Estate's Privacy Policy. By checking the box(es) below, you expressly consent to receive marketing or promotional real estate communication from David Lyng Real Estate in the manner selected by you. For SMS text messages, message frequency varies. Message and data rates may apply. Consent is not a condition of purchase of any goods or services. You may opt out of receiving further communications from David Lyng Real Estate at any time. To opt out of receiving SMS text messages, reply STOP to unsubscribe. SMS text messaging is subject to our Terms of Use.

Get in Touch

831.429.5700

OFFICE 1041 41ST AVE SANTA CRUZ CA 95062

DAVID LYNG REAL ESTATE | DRE 00793982