Excellent development potential on this large 15507 square foot parcel with existing single family home. Property is zoned RM-M for multi-family residential dwellings. According to the City of Capitola Planning Department there is a strong possibility for a 5 unit development. The existing large and clean 3 bedroom, 2 bath 1982 square foot home could be a good carrier for the property. There is a large 3 car detached garage. The home, garage and the back half of the property are all currently rented. The property has two month to month tenants. This is a rare multi-family residential development opportunity in the 41st. Ave. Corridor. The location has easy access to Capitola, beaches, shopping and restaurants. It is also an excellent commute location.