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516 Capitola Avenue Capitola, CA 95010
$999,000 3 beds, 3 baths
1, 526 sqft
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Photo of Patrick Ahern

Patrick Ahern REALTORĀ® - Sales Associate 858-220-9001 m
858-459-0501 o
Lic#: 00610408
NRDS ID: 196548265
aherngroup@gmail.com
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Lic#: 00610408
NRDS ID: 196548265
aherngroup@gmail.com
La Jolla Prospect Office
1299 Prospect St, Ste. 100-101, 200-203 & 301-302
La Jolla, CA 92037
Phone: 858-459-0501
Fax: 858-459-3275
La Jolla Prospect 1299 Prospect St, Ste. 100-101, 200-203 & 301-302
La Jolla, CA 92037
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Fax: 858-459-3275
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Agent Remarks

A rare value-add opportunity in the heart of Capitola, just minutes from Capitola Village, the beach, restaurants, and shops. This versatile triplex features three units across two structures, offering multiple possibilities for investors, owner-occupants, or buyers seeking a Capitola second home with rental income. The front building includes a 1-bedroom/1-bath unit and studio/1-bath unit, while a detached 2-bedroom/1-bath residence sits privately toward the rear. The rear unit features in-unit laundry and will be delivered vacant, creating an opportunity to renovate and make it your own while generating income from the other two units. Each unit has its own off-street parking space. Zoned MU-N (Mixed Use, Neighborhood), the property offers intriguing potential for future improvements or redevelopment, subject to City approval. Build equity through renovation, explore the property's longer-term possibilities, or reposition a well-located investment. Adjacent 2-unit property also available, creating a rare opportunity to acquire 5 units across two neighboring Capitola properties.

Listing Details

Property type: Single Family Residence (Single Family)
Status: Pending
MLS# ML82060123
List price is $999,000 Reduced by $200,000 on 10/19/2026
Beds: 3
Baths: 3 (3 full)
Built in 1948
1,526 sqft
0.08 acres
Lot size: 0.0790
County: Santa Cruz
Zoning: MU-N
Heating/cooling: None
Heating description: Wall Furnace
MLS area: 699 - Not Defined

Last Updated: 10/22/2026

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This listing belongs to the 699 - Not Defined MLS area

Lat/Long: 36.976091, -121.953311.
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Listing Agent: Greg Lukina
Co Listing Agent: Derek Fenster
Lic#: 00610408
Office Name: La Jolla Prospect

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Total population of , which has changed by % since 1990.
The median age of the population is , while the median age of dwellings is .
Out of households, are families.

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Photo of Patrick Ahern

Patrick Ahern REALTORĀ® - Sales Associate 858-220-9001 m
858-459-0501 o
Lic#: 00610408
NRDS ID: 196548265
aherngroup@gmail.com
Text Me
Call My Cell
Call My Office
Lic#: 00610408
NRDS ID: 196548265
aherngroup@gmail.com

La Jolla Prospect Office
1299 Prospect St, Ste. 100-101, 200-203 & 301-302
La Jolla, CA 92037
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