208 Terrace Way, Capitola, CA 95010
List Price: $2.75M
Listing Status: Active
0Days on Market: 0
0 Bedrooms · 0 Bathrooms
Property Type: CommercialSale
Year Built: 1947
Lot Size: 4,182 sq ft
Annual Property Tax: $30,000
MLS Number: ML82049484
About This Property
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.
Listing provided by: Erik Barbic DRE #01736370 831-464-5050 erikb@sbacommercial.com, Sherman & Boone Realtors
Source: CRMLS, MLS #: ML82049484
Belmont Brokerage Inc. (DRE #02431308) is not the listing office for this property. We provide buyer representation and consultation. Any “Schedule a Tour” or “Contact” form on this page contacts a Belmont Brokerage agent — not the listing agent above.