
Capitola, California 95010
This Detached Dual-Living Asset is a High-Potential Investment Opportunity, listed at $1,699,000—positioned well above the $1,485,597 Fair Market Value by -14%. While the list price reflects a premium, the property offers unique flexibility with two detached residences and no shared walls. Featuring a Condition Rating of 4, the interiors offer a blank canvas for modernization. This coastal property is ideal for Buy-and-Hold Investors seeking rental income or Owner-Occupants looking to offset mortgage costs through a house-hack strategy in the heart of Capitola.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 518 Capitola Avenue Subject 0 bd · 0 ba · 2,239 sqft · $664 | $1,699,000* List Price | 0 | 0 | 2,239 | $664 | - |
A 404 Monterey Avenue Sold 0 bd · 0 ba · 2,370 sqft · $654 · 0.3 mi | $1,550,000 | 0 | 0 | 2,370 | $654 | 0.3 mi |
B 511 Capitola Avenue Active Under Contract 0 bd · 0 ba · 2,065 sqft · $726 · 0.0 mi | $1,500,000 List Price | 0 | 0 | 2,065 | $726 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1999, the property is over 20 years old and shows original finishes. While well-maintained and functional, the bathrooms, cabinetry, and overall interior styling are dated and would benefit from modern updates.
Unlike traditional duplexes, this property features two completely separate structures with no shared walls, providing maximum privacy and the feel of two independent single-family homes.
Situated in the heart of Capitola, the property is just minutes from the beach, Capitola Village, and local dining, ensuring high rental demand and a highly desirable lifestyle.
With one unit owner-occupied and the other tenant-occupied, the property offers immediate rental income and the flexibility to live in one unit while offsetting the mortgage.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2239, other record living area = 1056.
The 4,008 sqft lot accommodates two detached residences and garages, resulting in limited private yard space or outdoor areas for each unit.
Unit A is currently tenant-occupied, which may restrict immediate access for renovations or full owner-occupancy of both units upon closing.
Rare opportunity to own two detached residences on one property in the heart of Capitola, just minutes from Capitola Village, the beach, restaurants, and shops. Unlike a traditional duplex, each home is its own separate structure, offering exceptional privacy and flexibility with no shared living walls and no one living above or below. Both residences feature 2 bedrooms, 2 full baths, an attached 1-car garage, and in-unit laundry. Each has a bedroom and full bath on the ground floor, while upstairs the kitchen opens to the living and dining areas alongside a spacious primary suite. Unit B is enhanced by vaulted ceilings and a private deck, adding to its open and airy feel. Unit A is currently tenant occupied, while Unit B is owner occupied, providing future flexibility for an owner-user. Live in one and rent the other, enjoy a Capitola getaway with built-in income, or add a unique coastal property to your investment portfolio. A special opportunity to enjoy the Capitola lifestyle just moments from the Village. Adjacent property also available, creating a rare opportunity to acquire two neighboring income properties totaling five units in Capitola.
No exterior & parking available.
No sensitive facilities data found.
Sep 4, 2026
$1,699,000
Initial Listing