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Listed by Erik Barbic • Sherman & Boone Realtors, DRE#01736370
$ 2,749,000
Est. payment /mo
New
208 Terrace WAY Capitola, CA 95010
1 Bed
1 Bath
3,155 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Five or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 3,155 sqft
Price per Sqft $871
MLS Listing ID ML82049484
Bedrooms 1
Full Baths 1
Year Built 1947
Lot Size 4,182 Sqft
Property Sub-Type Five or More Units
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.
Location
State CA
County Santa Cruz
Area Capitola
Zoning RM
Interior
Heating Wall Furnace
Cooling None
Exterior
Parking Features On Street
Utilities Available Public Utilities
View Bay, Ocean
Roof Type Composition
Building
Foundation Concrete Slab
Sewer Sewer - Public
Water Public
Others
Restrictions None
Tax ID 035-163-28-000
Security Features Other
Special Listing Condition Not Applicable
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