One-of-a-kind opportunity in Capitola's highly desirable Jewel Box neighborhood, just moments from the ocean, Jade Street Park, and Capitola Village. Set on an expansive lot with abundant parking, this unique property offers exceptional flexibility, charm, and long-term value. The property features 2 buildings and multiple living opportunities - First, an adorable 1-bedroom, 1-bath cottage (512 SF). Second, a well-positioned duplex (1375 SF) consisting of a 1-bedroom, 1-bath unit and a spacious 3-bedroom, 1.5-bath unit. One unit of the duplex is tenant occupied, providing immediate rental income and built-in cash flow. Ideal for owner-occupants seeking supplemental income, multi-generational living, or savvy investors capitalizing on strong coastal rental demand. With multiple units, generous lot size, and a fabulous location near beaches, parks, dining, and shops, this is a rare chance to own a truly special property in one of Capitola's most coveted neighborhoods.