208 Terrace WAY, Capitola, CA 95010
- $2,749,000
- 3,155
- SqFt
Listed by Erik Barbic, 831-464-5039 from Sherman & Boone Realtors
(If provided) CoList: from
- List Price
- $2,749,000
- MLS#
- ML82049484
- Status
- ACTIVE
- Property Type
- Commercial
- Class
- Five or More Units
- Sqft. of Residence
- 3,155
- City
- Capitola
- Lot Size
- 4,182
- Zip
- 95010
- Sqft. of Residence
- 3,155
- Listing Area
- Capitola
- Neighborhood
- Other
- Year Built
- 1947
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
- Cooling System
- None
- Foundation
- Concrete Slab
- Garage Parking
- On Street
- Heating System
- Wall Furnace
- Living Area
- 3,155
- Lot Size
- 4,182
- Neighborhood
- Capitola
- Other Utilities
- Public Utilities
- Roof
- Composition
- Sewer
- Sewer - Public
- Unincorporated Yn
- Yes
- View
- Bay View, Ocean View
- Water
- Public
- Zoning
- RM
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