318 Park Avenue, Capitola, California 95010, Capitola, 95010 - 3 bed, 2 bath
318 Park Avenue
Capitola, California 95010
Property Price
SUMMARY
Analysis of 318 Park Avenue, Capitola, California 95010 is currently available with a list price of $1,799,000. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. Located in a high-demand neighborhood within the Capitola Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
OVERALL CONDITION SCORE
Property is new construction or fully renovated.
The property is in turnkey condition, featuring a brand-new ADU and oversized garage completed in 2023. The main residence has been extensively upgraded with high-end finishes, including KitchenAid appliances, radiant bathroom floor heating, and tankless water heaters, meeting the highest standards for modern quality and recent renovation.
PROSSTRENGTHS & OPPORTUNITIES
- Income Potential & Versatility
The property features a newly completed (2023) permitted ADU, offering significant rental income potential or flexible living arrangements for multi-generational families.
- Rare Beachside Parking
Boasting secure parking for up to 7 vehicles behind electric gates, this home provides a massive advantage in a coastal community where parking is typically extremely limited.
- Modern Turnkey Upgrades
Both residences showcase high-end finishes, including tankless water heaters, radiant bathroom flooring, and a heated outdoor shower, ensuring a move-in-ready luxury experience.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 2.
- Limited Interior Square Footage
With a total of approximately 712 square feet across two units, the living space is quite compact, which may be a drawback for buyers seeking larger rooms or more storage.
- Historical Main Structure
The main residence dates back to 1938, which may present structural or layout limitations common to older homes compared to the modern standards of the 2023 ADU.
About 318 Park Avenue
Surfs up in Capitola! This property offers a rare blend of coastal charm, modern upgrades, and income potential. The main home features 2 bedrooms and 1 bath, complemented by a permitted 1 bedroom, 1 bath ADU and oversized 2-car garage, completed in 2023. Set behind electric gates on both sides of the property, the home offers secure parking for up to 7 vehicles, a true rarity in this beachside community. Live in one and rent the other, or enjoy flexible space for guests, extended family, or work-from-home living. The main residence has been thoughtfully upgraded while both homes showcase high-quality finishes throughout. Additional features include tankless water heaters in both homes with the newer ADU featuring split-system heating and air conditioning, radiant bathroom floor heating, built in KitchenAid gas range and refrigerator and an in-unit washer and dryer. There is also a heated outdoor shower for rinsing off after a day at the beach. A turnkey Capitola opportunity offering privacy, versatility, and modern comfort just minutes from the sand!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1938
- Lot Size
- 4,182 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 712 | 1,285.5 | 14% |
| Lot Size | 4,182 | 4,443 | 50% |
| Price | $1.80M | $1.71M | 64% |
| Price per sq ft | $2.5K | $1.3K | 86% |
| Built year | 1938 | 1962 | 14% |
| HOA | $0 | $0 | 50% |
| Days on market | 22 | 195 | 7% |
Pricing History
Listed for Sale
Feb 13, 2026
$1,799,000
Initial Listing
Sold
Jul 10, 2015
$640,000
Public Record