
Capitola, California 95010
Analysis of 431 Capitola Avenue, Capitola, California 95010 is currently available with a list price of $949,000. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. 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.
Property is moderate renovation needed.
Built in 1922, this century-old home is functional but dated. While the listing mentions updated plumbing and bathrooms, the kitchen is highly unconventional, utilizing a rolling tool chest and mismatched storage rather than standard built-in cabinetry. The interior features aged beadboard and basic finishes that require significant cosmetic and functional modernization.
Situated just three blocks from the beach and Capitola Village, this property offers exceptional walkability to iconic local landmarks like Gayle's Bakery and the Esplanade.
With mixed-use zoning and a layout previously configured as two units, the home provides unique opportunities for rental income, shared living, or a home-based business.
The property includes off-street parking for two vehicles, a highly coveted and rare feature in the densely populated heart of Capitola where parking is at a premium.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 2.
The property has a small lot size, more than 70 percent of which is taken by its living area. lot size in square feet = 828, living area = 880.
At only 880 square feet on a minimal 828 square foot lot, the living space and outdoor area are significantly constrained for a three-bedroom residence.
Price reduced to sell- you cannot find a vacant lot in Capitola village for this low price--OHHHH THE POSSIBILITIES! 3 blocks to the beach & esplanade! This is a 3 bedroom (records reflect 2 bedrooms), 2 bath home with off-street parking- hard to come by! 1 bedroom downstairs and 2 bedrooms upstairs- the smaller of the 2 would be perfect for a nursery or a home office! This charming 104 year old home is zoned mixed use, nicely updated bathrooms, updated plumbing. Home was previously divided into two units- the possibilities are endless, definitely a perfect home for shared living/rent one level and live in the other! Put your personal touches on this one and enjoy living in one of the greatest locations in California! Step out the front door and the choices are endless: 2 doors down-Avenue Cafe; Up the street-Gayles Bakery; Down the street-the Beach and Village - Don't hesitate on this one!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 2.5 |
| Baths | 2.0 | 2.0 |
| Square foot | 880 | 1,556.5 |
| Lot Size | 828 | 6,120 |
| Price | $949.0K | $1.70M |
| Price per sq ft | $1.1K | $1.3K |
| Built year | 1922 | 1969 |
| HOA | $0 | $0 |
| Days on market | 78 | 32 |
Jul 7, 2026
$949,000
$999,000
-5% Price Drop
Initial Listing
Jun 2, 2026
$999,000
$1,079,000
-7% Price Drop
Initial Listing
May 6, 2026
$1,079,000
Initial Listing