About 2935 #1-4 Capitola Rd
Located near Capitola, this fourplex presents an outstanding investment opportunity with upside potential. Three of the four 2-bedroom, 1-bath units have been updated, offering modernized living spaces. Each 720 sq. ft. unit features a private patio or deck, creating a comfortable outdoor retreat for tenants. Originally built as a fourplex, a condominium map was recorded in 1981. The property is described as four assessor parcels classified as condominiums, adding flexibility and potential value. Conveniently situated within walking distance to Capitola Mall, local restaurants, and 41st Avenue, this property ensures a highly desirable lifestyle for tenants. Additionally, it's less than 1.5 miles the world-famous Pleasure Point surf spot, making it a sought-after rental location. For those looking to expand their portfolio, the adjacent fourplex at 2945 Capitola Road is also available for sale, creating a rare opportunity to own two income-producing properties side by side with conventional loans.
Features of 2935 #1-4 Capitola Rd
| MLS® # | ML81998370 |
|---|---|
| Price | $1,650,000 |
| Square Footage | 2,880 |
| Square Footage | Other |
| Acres | 0.15 |
| Year Built | 1962 |
| Type | Multi-Residential |
| Sub-Type | Fourplex |
| Status | Contingent |
Community Information
| Address | 2935 #1-4 Capitola Rd |
|---|---|
| Area | Live Oak |
| City | SANTA CRUZ |
| County | Santa Cruz |
| State | CA |
| Zip Code | 95062 |
Amenities
| Utilities | Individual Electric Meters, Individual Gas Meters, Public Utilities |
|---|---|
| Parking Spaces | 8 |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Heating | Wall Furnace |
|---|---|
| Cooling | No Cooling |
| Fireplace | No |
| # of Stories | 2 |
Exterior
| Lot Description | Grade - Level |
|---|---|
| Roof | Composition Roof |
| Construction | Wood Frame |
| Foundation | Concrete Perimeter |
Additional Information
| Zoning | RM-3 |
|---|---|
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Agent | George Wilson |
|---|---|
| Office | David Lyng Real Estate |
| Contact Info | 831-818-3704 |