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518 Capitola Ave 2 Unit Apartment Building Offered at $2,342,819 CAD at a 3.58% Cap Rate Capitola, CA 95010
Investment Highlights
- Two Detached 2-Bedroom / 2-Bath Residences
- Prime Capitola Location + Adjacent Acquisition Opportunity
- Flexible Investment or Owner-User Opportunity
Executive Summary
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.
Financial Summary (Actual - 2025) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $2,342,819 CAD | Property Type | Multifamily |
| Price Per Unit | $1,171,410 CAD | Lot Size | 0.09 AC |
| Sale Type | Investment | Building Size | 2,239 SF |
| Cap Rate | 3.58% | No. Stories | 2 |
| No. Units | 2 | Year Built | 1999 |
| Zoning | MU-N - The City describes MU-N (Mixed Use, Neighborhood) as supporting a range of housing types along with neighborhood-serving commercial uses. | ||
| Price | $2,342,819 CAD |
| Price Per Unit | $1,171,410 CAD |
| Sale Type | Investment |
| Cap Rate | 3.58% |
| No. Units | 2 |
| Property Type | Multifamily |
| Lot Size | 0.09 AC |
| Building Size | 2,239 SF |
| No. Stories | 2 |
| Year Built | 1999 |
| Zoning | MU-N - The City describes MU-N (Mixed Use, Neighborhood) as supporting a range of housing types along with neighborhood-serving commercial uses. |
Amenities
Unit Amenities
- Washer/Dryer
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
Site Amenities
- Private Bathroom
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 1 | $5,102 CAD | 1,056 - 1,183 |
1 1
Moderately walkable
60/100
Exceptionally drivable
90/100
Limited public transit
30/100
Moderately bikeable
60/100
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518 Capitola Ave
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