
Capitola, California 95010
This Detached Dual Residence property represents a High-Potential Investment Opportunity, listed at $1,699,000—positioned above the $1,483,398 Fair Market Value. While the list price reflects a premium, the property offers unique value through its Detached Dual Residences and Prime Coastal Location near Capitola Village. With a Fair Condition Rating and original finishes, the asset provides a clear path for value-add cosmetic updates. This property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a flexible, income-generating coastal lifestyle.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 518 Capitola Avenue Subject | $1,699,000* List Price | 0 | 0 | 2,239 | $663 | - |
A 404 Monterey Avenue Sold | $1,550,000 | 0 | 0 | 2,370 | $654 | 0.3 mi |
B 511 Capitola Avenue Active | $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 25 years old and falls into the 'Fair' category based on age. While the residences are exceptionally well-maintained and functional, the interior finishes—including the oak cabinetry, tile work, and flooring—appear original to the construction date and are now dated, requiring cosmetic updates to meet modern standards.
Unlike traditional duplexes, this property features two completely separate structures with no shared walls, offering maximum privacy and the feel of two independent homes.
Situated in the heart of Capitola, the property is just minutes from the beach, Capitola Village, and local shops, ensuring high rental demand and a premium lifestyle.
With one unit owner-occupied and the other tenant-occupied, the property provides immediate rental income and flexibility for an owner-user or a multi-generational living arrangement.
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 is shared by two detached homes and garages, resulting in limited private yard space and outdoor areas for residents.
Each unit is restricted to a one-car garage, which may be a challenge for households with multiple vehicles in a popular coastal area where street parking is often competitive.
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.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 0.0 |
| Baths | 0.0 | 0.0 |
| Square foot | 2,239 | - |
| Lot Size | 4,008 | - |
| Price | $1.70M | $1.55M |
| Price per sq ft | $759 | $654 |
| Built year | 1999 | 0 |
| HOA | $0 | $0 |
| Days on market | 5 | 59 |
Sep 4, 2026
$1,699,000
Initial Listing