Located near Capitola, this fourplex presents an outstanding investment opportunity with upside potential. Three of the four 2-bedroom, 1-bath units have been updated, offering modernized living spaces. Each 720 sq. ft. unit features a private patio or deck, creating a comfortable outdoor retreat for tenants. Originally built as a fourplex, a condominium map was recorded in 1981. The property is described as four assessor parcels classified as condominiums, adding flexibility and potential value. Conveniently situated within walking distance to Capitola Mall, local restaurants, and 41st Avenue, this property ensures a highly desirable lifestyle for tenants. Additionally, it's less than 1.5 miles the world-famous Pleasure Point surf spot, making it a sought-after rental location. For those looking to expand their portfolio, the adjacent fourplex at 2945 Capitola Road is also available for sale, creating a rare opportunity to own two income-producing properties side by side with conventional loans.
Multi-familyProperty Type
1962Year Built
6,659 sq ftLot Size
$512Price/Sq.Ft.
8 spacesParking
Listed by George Wilson•DRE #00662250• David Lyng Real Estate
Listed by Jeanne Wilson•DRE #00549459• David Lyng Real Estate
Contact: 831-818-3704
Bought with Andy Kay•DRE #00922383• eXp Realty of California Inc
bridgeMLS, Bay East AOR, or Contra Costa AOR #ML81998582
Aug 29, 2025
Sold
$2,900,000
$1,007/sq ft
Aug 29, 2025
Sold
$2,900,000
$1,007/sq ft
Jul 7, 2025
Pending
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Jul 7, 2025
Contingent
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Jun 9, 2025
Relisted
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Jun 9, 2025
Relisted
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Jun 4, 2025
Pending
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Jun 4, 2025
Contingent
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May 14, 2025
Price Changed
$3,250,000
$1,128/sq ft
May 14, 2025
Price Changed
$3,250,000
$1,128/sq ft
Apr 12, 2025
Price Changed
$3,500,000
$1,215/sq ft
Apr 12, 2025
Price Changed
$3,500,000
$1,215/sq ft
Mar 19, 2025
Listed
$3,750,000
$1,302/sq ft
Mar 19, 2025
Listed
$3,750,000
$1,302/sq ft
Investment opportunity near Capitola! Two adjacent fourplexes available on separate parcels! An incredible opportunity to own one or both of these well-located fourplexes. Each property features four 2-bed, 1-bath units (720 sq ft each), offering strong rental potential and a prime coastal lifestyle just 1.5 miles from the beach and near the world-famous Pleasure Point surf spot. 2935 Capitola Road Highlights: 4 assessor parcels- legal description as condominiums: Three updated units. Private patio or deck for each unit. Upside potential for investors! 2945 Capitola Road Highlights: One updated unit. Private patio or deck for each unit. Shared laundry room. Upside potential to add value Both properties are steps from shopping, dining, and entertainment at 41st Avenue and Capitola Mall, making them highly desirable rental investments. Buy one or both. A rare chance to expand your portfolio in a sought-after beachside community!
MLSListings #ML81998370
Aug 29, 2025
Sold
$1,475,000
$512/sq ft
Aug 29, 2025
Sold
$1,475,000
$512/sq ft
Jul 7, 2025
Pending
—
Jul 7, 2025
Contingent
—
Jun 9, 2025
Relisted
—
Jun 9, 2025
Relisted
—
Jun 4, 2025
Pending
—
Jun 4, 2025
Contingent
—
May 14, 2025
Price Changed
$1,650,000
$573/sq ft
May 14, 2025
Price Changed
$1,650,000
$573/sq ft
Apr 12, 2025
Price Changed
$1,775,000
$616/sq ft
Apr 12, 2025
Price Changed
$1,775,000
$616/sq ft
Mar 18, 2025
Listed
$1,875,000
$651/sq ft
Mar 18, 2025
Listed
$1,875,000
$651/sq ft
Located near Capitola, this fourplex presents an outstanding investment opportunity with upside potential. Three of the four 2-bedroom, 1-bath units have been updated, offering modernized living spaces. Each 720 sq. ft. unit features a private patio or deck, creating a comfortable outdoor retreat for tenants. Originally built as a fourplex, a condominium map was recorded in 1981. The property is described as four assessor parcels classified as condominiums, adding flexibility and potential value. Conveniently situated within walking distance to Capitola Mall, local restaurants, and 41st Avenue, this property ensures a highly desirable lifestyle for tenants. Additionally, it's less than 1.5 miles the world-famous Pleasure Point surf spot, making it a sought-after rental location. For those looking to expand their portfolio, the adjacent fourplex at 2945 Capitola Road is also available for sale, creating a rare opportunity to own two income-producing properties side by side with conventional loans.
As the MLS and public records start to fill up, we'll list the details here.
Public record
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Style
Multi-Family (2-4 Unit)
County
Santa Cruz County
APN
031-261-02-000
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Last updated by owner on Sep 4, 2025.
Property details
Parking
Parking Information
Parking Description: Assigned Spaces
Parking Spaces: 8
Interior
Virtual Tour
Room Information
Kitchen Description: Oven Range (Electric), Refrigerator(s)