208 Terrace Way, Capitola, CA, CA 95010
- $2,749,000
- List Price
- $2,749,000
- Status
- ACTIVE
- MLS#
- ML82049484
- County
- Santa Cruz
- Zoning
- RM
- Year Built
- 1947
- Square Feet
- 3,155
- Lot Size (acres)
- 0.096
- Days on Market
- 56
- Property Type
- Commercial
Property Description
Located in the heart of Capitola Village by the Sea, this rare 5-unit Cape Cod style apartment property offers a highly desirable coastal living experience in an area dominated by vacation rentals and single-family homes. The property features ocean views and an unbeatable walkable location just steps to shops and restaurants and a short stroll to the beach creating a true year-round resort lifestyle. The flexible layout allows for multiple use strategies: an owner could occupy the two upper units as a private residence with ocean views while generating income from the three ground-floor units, or lease all five units for maximum cash flow. The property has been well maintained, with interiors renovated in 2019, and is offered fully furnished for immediate occupancy or rental. Opportunities like this are infrequent in Capitola Village, where demand remains strong and vacancy is minimal.
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Additional Information
- Taxes
- $30,000
- Parcel Number
- 03516328000
- Gross Scheduled Income
- $1
- Heat
- Wall Furnace
- Cooling
- Yes
- Cooling Description
- None
- Roof
- Composition
- Water
- Public
- School District
- Other
- Elementary School
- Other
- Middle School
- Other
- High School
- Soquel
Listing courtesy of Listing Agent: Erik Barbic (erikb@sbacommercial.com) from Listing Office: Sherman & Boone Realtors.
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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.