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    201 Monterey Avenue

    Capitola, CA 95010
    • $2,998,000
    • STATUS: Active Under Contract
    • ON SITE: 13 days
    • ID#: ML81829248
    Under Contract
    UPDATED: 22 min ago
    $2,998,000
    • 0
      BEDS
    • 0.04
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 4,470
      SQFT
    • $671
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1881
    County:

    School Ratings & Info

    Description

    Opportunity to own a piece of Capitola history in a prime corner location in the heart of the quaint Capitola Village By the Sea. This trophy property once owned by F. A. Hihn served as the headquarters for Camp Capitola, California's first seaside resort community, until 1930. Restored in the 1970's and updated again in 2018, it has the prestigious designation as being marked a California Historic Landmark. The beautiful architecture & freshly painted exterior stands out and brings attention to 3 commercial spaces, currently 2 retail stores & a deli with 2 half baths. On the 2nd floor set above the street are 2 one-bedroom apartments recently renovated with new kitchens, baths, & flooring; one offers great ocean views. Set in the vacation rental zone offering flexibility for long or short term rentals. On the top level is a large attic loft space with high ceilings & a half bath. Arguably one of the best locations in Santa Cruz Co. only steps to the beach.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-02-24T18:31:57.103. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or eXp Realty of California Inc.. Licensed in the State of California, USA.

    www.hometownnorthcounty.com/homes/114121588
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    201 Monterey Avenue Capitola, CA 95010

    • Price: $2,998,000
    • Status: Active Under Contract
    • Updated: 22 min ago
    • ID#: ML81829248
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.04
    Acres
    4,470
    SQFT
    $671
    $/SQFT
    1881
    Built
    Neighborhood:
    699 - Not Defined
    County:
    Santa Cruz
    Area:
    699 - Not Defined
    Property Description
    Opportunity to own a piece of Capitola history in a prime corner location in the heart of the quaint Capitola Village By the Sea. This trophy property once owned by F. A. Hihn served as the headquarters for Camp Capitola, California's first seaside resort community, until 1930. Restored in the 1970's and updated again in 2018, it has the prestigious designation as being marked a California Historic Landmark. The beautiful architecture & freshly painted exterior stands out and brings attention to 3 commercial spaces, currently 2 retail stores & a deli with 2 half baths. On the 2nd floor set above the street are 2 one-bedroom apartments recently renovated with new kitchens, baths, & flooring; one offers great ocean views. Set in the vacation rental zone offering flexibility for long or short term rentals. On the top level is a large attic loft space with high ceilings & a half bath. Arguably one of the best locations in Santa Cruz Co. only steps to the beach.
    Exterior Features

    Architectural Style Victorian Carport Spaces 0.00 Foundation Details Concrete Perimeter Garage Spaces 0.00 Lot Features Back Yard Lot Size Source Assessor Lot Size Units Square Feet Parking Total 0.00 Roof Composition View BayOceanCity Lights View YN Yes

    Interior Features

    Appliances Electric RangeDishwasher Appliances YN Yes Cooling None Cooling YN No Flooring Wood Heating Electric Heating YN Yes Room Type AtticLoft

    Property Features

    Accessibility Features Entry Slope Less Than 1 FootDoors - Swing InLow Pile CarpetingOtherNo Interior Steps2+ Access Exits Cap Rate 3.42 Gross Multiplier 22.43 Gross Scheduled Income 133659.00 Insurance Expense 5500.00 Maintenance Expense 3456.00 Professional Management Expense 3465.00 Special Listing Conditions Standard Trash Expense 801.00 Zoning Residential/Commercial

    Listing provided courtesy of Lyng-Vidrine Team of David Lyng Real Estate


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-02-24T18:31:57.103. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or eXp Realty of California Inc.. Licensed in the State of California, USA.

     
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    San Ramon CA, 94583