
Capitola, California 95010
This duplex presents a High-Potential Investment Opportunity with a List Price of $1,500,000, positioned slightly above the $1,482,482 Fair Market Value. While the property requires a comprehensive rehab, its Fair Condition Rating and 1897 vintage charm provide a blank canvas for significant value-add through modernization and garage restoration. Featuring a private deck and a prime location in the heart of Capitola Village, this asset offers immediate cash flow from long-term tenants. It is an ideal acquisition for Buy-and-Hold Investors or Value-Add Developers seeking a stable coastal rental.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 511 Capitola Avenue Subject | $1,500,000* List Price | 0 | 0 | 2,065 | $718 | - |
A 518 Capitola Avenue Active | $1,699,000 List Price | 0 | 0 | 2,239 | $759 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1897, this 127-year-old property is described as a 'blank canvas' needing a 'modern touch' and significant customization. The listing notes the garage requires TLC to be restored to functionality, and the lack of mentioned updates to kitchens, baths, or systems indicates the property is in need of a comprehensive rehab.
Situated in the heart of Capitola Village, the property offers exceptional walkability to the beach, boutiques, and dining while maintaining a peaceful setting just off the main thoroughfare.
The duplex features reliable, long-term tenants who wish to stay, providing an investor with immediate cash flow and stable occupancy from the start.
With its original charm and generous 2,065 sqft layout, the property serves as a blank canvas for modernization and garage restoration to increase equity and market value.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2065, other record living area = 2022.
The property requires a 'modern touch' and specific TLC for the garage, indicating that a buyer will need to budget for immediate repairs and aesthetic updates.
Built in 1897, the structure may present challenges common to century-old homes, such as outdated systems or the need for specialized preservation during renovations.
This duplex offers a unique combination of space, location, and potential in the heart of Capitola Village. Rarely does a property of this size become available in such a prime location. Enjoy the ultimate Capitola Village lifestyle with the beach, local boutiques, restaurants, and grocery stores just a short stroll away.While being within easy walking distance of the action, the property is positioned just outside the main thoroughfare, providing a peaceful retreat from the hustle and bustle. This property is an ideal choice for investors or those looking for a versatile living arrangement. While the home retains much of its original charm and is ready for a modern touch, it offers a fantastic blank canvas for a new owner to customize the space and significantly add value. The garage presents a great opportunity, with some TLC, it can be restored to full functionality, providing highly coveted, private off-street parking. The current long-term tenants are happy to stay, offering immediate, reliable income for a new owner looking for a rental investment. Whether you are looking to add something special to your portfolio or secure a foothold in one of the coast's most desirable cities, this duplex presents a rare and versatile opportunity.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 0.0 |
| Baths | 0.0 | 0.0 |
| Square foot | 2,065 | - |
| Lot Size | 3,877 | - |
| Price | $1.50M | $1.55M |
| Price per sq ft | $726 | $654 |
| Built year | 1897 | 0 |
| HOA | $0 | $0 |
| Days on market | 12 | 59 |
Aug 28, 2026
$1,500,000
Initial Listing