200 Monterey Avenue

Capitola, CA 95010

$4,400,000
Price
Beds
3,264 Sq. Ft.
$1,348 / Sq. Ft.
3,264
Sq. Ft.
$1,348
per Sq. Ft.

Description

A once in a lifetime fantastic opportunity for anyone looking to invest in a prime commercial location with a rich history and multiple potential uses. Its proximity to the beach, ample private parking, and diverse mix of tenant spaces makes it quite attractive. The historical connection to Major League Baseball player Harry Hooper who, is a well-known figure in town adds an extra layer of charm and intrigue. With the possibility of converting the top floor back residential space, there's flexibility...A once in a lifetime fantastic opportunity for anyone looking to invest in a prime commercial location with a rich history and multiple potential uses. Its proximity to the beach, ample private parking, and diverse mix of tenant spaces makes it quite attractive. The historical connection to Major League Baseball player Harry Hooper who, is a well-known figure in town adds an extra layer of charm and intrigue. With the possibility of converting the top floor back residential space, there's flexibility for different types of buyers, whether they're interested in continuing with commercial tenants or exploring the option of vacation rentals. The ocean, beach, and village views from the top floor only enhance its appeal. Overall, extremely unique and valuable property that offers both a solid investment opportunity and a chance to be a part of Capitola's vibrant community. This property had two apartments/residential in the past and this maybe an excellent opportunity to visit that use.
  1. Listed by Paul Zech • DRE #01965059 • Brokerage DRE #01908304 • Coldwell Banker Realty • 831-247-3007

Property Details for 200 Monterey Avenue

MLS City Name
CAPITOLA
Building Type
DUPLEX
Garage Spaces
0
Parking Spaces
4
Cross Street
Capitola Ave.
LISTING UPDATED: 10/12/2024 05:56 PM

Property Details for 200 Monterey Avenue

StatusActive
MLS #ML81972761
Days on Compass133
Taxes$46,956 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeRESIDENTIAL INCOME / DUPLEX
Year Built1927
Lot Size0.09 AC / 3,877 SF
CountySanta Cruz County

Virtual Tour

Building Information for 200 Monterey Avenue

Stories2Residences2Year Built1927Building Size-Lot Size0.09 AC / 3,877 SF

Property Information for 200 Monterey Avenue

Features
Features
  • Fireplace: No
  • Flooring: Hardwood, Tile
  • Living SqFt: 3264
  • Pool: No
  • Security Features: Varies by Unit
  • Special Features: None
Utilities
  • Cooling: Central AC, Central Forced Air - Gas
  • Heating: Central Forced Air - Gas
  • Meters: Master Electric, Master Gas, Master Water
  • Sewer Septic: Sewer Connected
  • Utilities: Public Utilities
  • Water: Public
Carport and Parking
  • Carport Min: 0
Garage
  • Garage and Parking: Assigned Spaces, Off-Site Parking, Off-Street Parking, On Street, Parking Area
Property Details
Homeowners Association
  • HOA Exists: 0
  • HOA Fee: $0
Property Details
  • Area Text: Capitola
  • Roof: Flat / Low Pitch
  • Subclass: Duplex
  • Year Built Source: Assessor
  • Street Number: 200
  • Street Name: Monterey
  • Street Suffix: Avenue
  • Area ID: 44
Lot / Property Details
Building Information
  • Number Of Stories: 2
  • Number of Buildings: 2
  • Structure SqFt: 3264
  • Structure SqFt Source: Other
  • Age: 97
Development Information
  • Zoning Detail: MU-V
Location Information
  • City Limits: Yes
  • Incorporated: Yes
  • Parcel Number: 035-261-07-000
  • County Name: Santa Cruz
  • City Name: CAPITOLA
  • City Postal ID: 8
  • Postal Code: 95010
  • Elementary School District: 870
  • High School District Text: Santa Cruz City High
Lot Information
  • Foundation: Concrete Perimeter and Slab
  • Horse Property: No
  • Lot Acres: .09
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Minimum Units: Square Feet
  • Lot Size Source: Assessor
Multi Family Information
Building Information
  • No Of Leased: 4
General Information
  • Annual Tax Amount: $46,956
  • Building Unit Total: 2
  • Capitalization Rate: 4.67
  • Tenant Expenses: None
  • Income Includes: Lease, Rents
  • Vacancy Factor: 5
Income / Expense Details
  • Expense Insurance: $1,305
  • Expense Landscape: $3,708
  • Expense Maintenance: $777
  • Expense Management: $14,828
  • Expense Trash: $12,358
  • Expenses Other: $550
  • Expenses Utility: $10,820
  • Expenses Total: $91,302
  • Operating Expenses Include: Fee - Property Management, Fee - Property Tax, Insurance, Maintenance, Services - Gardener, Services - Sewer, Utilities - Electric, Utilities - Gas, Utilities - Water
  • Gross Rent Multiplier: 14.09
  • Income Annual Gross: $296,567
  • Income Annual Rental: $303,121
  • Income Gross Scheduled: $312,176
  • Income Other: $9,055

Property History for 200 Monterey Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 200 Monterey Avenue

This home is within Soquel Union Elementary School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 6 to 8
Public - 9 to 12
Rating
School
Distance
Main Street Elementary School
PublicK to 5

Mission Hill Middle School
Public6 to 8

New Brighton Middle School
Public6 to 8

Harbor High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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200 Monterey Avenue is a multi-family home for sale in Capitola, CA 95010. This property was listed for sale on July 11, 2024 by Coldwell Banker Realty, it's currently listed at $4,400,000. This listing's school districts are Soquel Union Elementary School District, Santa Cruz City High School District. Nearby schools include Main Street Elementary School, Mission Hill Middle School and New Brighton Middle School. 200 Monterey Avenue is a 0-bed, 0-bath, 3,264 sqft multi-family home built in 1927.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Coldwell Banker Realty, Paul Zech, DRE #01965059

Based on information from one of the following Multiple Listing Services: San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.