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208-210 Capitola Ave 3,542 SF 100% Leased Retail Building Capitola, CA 95010 $2,650,000 ($748.16/SF) 4.41% Cap Rate
EXECUTIVE SUMMARY
Live, Invest & Play in the Heart of Capitola Village! Just steps from the sand and surrounded by boutique shops and restaurants, this mixed-use property offers the ultimate coastal lifestyle with outstanding flexibility and income potential. The property features two beautifully updated residential units (a 2BR/2BA and a 1BR/1.5BA) plus two commercial storefronts, creating multiple opportunities for personal use and investment. Since 2020, it has undergone an extensive remodel, including new kitchens and bathrooms in both units, upgraded appliances, fresh interior and exterior paint, a new roof, and countless other thoughtful improvements. Located within Capitola's vacation rental zone, this property gives owners the option to enjoy their own beach retreat while benefiting from short-term rental income when away. Picture starting your day with a stroll along the sand, spending afternoons browsing local boutiques or enjoying waterfront dining, and capping the evening with a concert by the sea - all just outside your door. This is more than real estate it's a chance to fully embrace the Capitola lifestyle while securing an investment in one of the most sought-after coastal communities in California. Don't wait on this one!
Financial data, leases, and additional documents are available. Call Greg Lukina - 831-600-5581 - today to schedule a showing or get more information
Financial data, leases, and additional documents are available. Call Greg Lukina - 831-600-5581 - today to schedule a showing or get more information
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| 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 - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
3,542 SF
Building Class
B
Year Built/Renovated
1977/2025
Price
$2,650,000
Price Per SF
$748.16
Cap Rate
4.41%
NOI
$116,785
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
2.03
Lot Size
0.04 AC
Zoning
CV - Commercial; District
Walk Score®
Walker's Paradise (91)
Bike Score®
Very Bikeable (87)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 035-183-20-000 | Total Assessment | $1,894,454 (2025) |
| Land Assessment | $1,217,736 (2025) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $676,718 (2025) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
035-183-20-000
Land Assessment
$1,217,736 (2025)
Improvements Assessment
$676,718 (2025)
Total Assessment
$1,894,454 (2025)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
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208-210 Capitola Ave
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