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Sold Date10/06/2022
Closed

1770 48th AvenueCapitola, California CA95010

Listing IDML81902332

3,072 SqFt 0.083 Acres

$1,720,000

Fantastic 4-Plex in Capitola By The Sea! This is a great multi-family investment opportunity in a prime beach neighborhood! Building has value add and upside rent potential with current rents at $96,840 per annum. Upgrade at your own pace. All units currently occupied with long-standing tenants. Each unit is 2BD, 1BA, approx. 768SqFt. Carport space for each unit with storage, coin-op laundry, large shared deck. EVERYTHING is within walking distance! Drop down into beautiful Capitola Village and Beaches or walk to 41st for all shopping, dining, etc. So many possibilities: make upstairs into one large living space and rent downstairs units to create your dream beach retreat? This established neighborhood is a quiet enclave in one of the most desirable areas of Santa Cruz County!
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