This exceptional bluff-front property enhanced with a Carmel Style 4-car garage built in 2019 on Depot Hill in Capitola, offers an investment opportunity w/breathtaking views & close proximity to local attractions, promising both prestige & tranquility. It includes a 4,838 sq ft -2-story 4-plex & a charming 495 sq ft 1 bedroom cottage, currently leased generating approx $25K in income, w/significant development potential. Zoned for both residential and bed and breakfast, it's a rare find in a prestigious area, w/potential for minor land division and the development of 2 luxury homes w/ADU's or 4 condos with a house as 2 ideas. This picturesque setting offers expansive Monterey Bay views and marine life sightings. Near Capitola Village, it's a short walk to beaches, restaurants, shopping, and entertainment, offering a lifestyle of peace with community vibrancy. Just 26 miles from Silicon Valley, it's highly attractive in Santa Cruz County's market. An opportunity to own oceanfront property with development potential, this is an exceptional investment in a prime location. The value and potential of this property will increase significantly after the proposed lot split (currently in progress) and the construction of condos or new homes with ADUs.
Capitola is located in California. Capitola, California has a population of 10,041. Capitola is less family-centric than the surrounding county with 24.48% of the households containing married families with children. The county average for households married with children is 30.25%.
The median household income in Capitola, California is $83,726. The median household income for the surrounding county is $96,093 compared to the national median of $69,021. The median age of people living in Capitola is 47.3 years.
The average high temperature in July is 73.5 degrees, with an average low temperature in January of 40.1 degrees. The average rainfall is approximately 25.3 inches per year, with 0 inches of snow per year.
