Big Price Reduction! At the end of a quiet street in Capitola's coveted Depot Hill neighborhood, this exceptional oceanfront property offers spectacular panoramic views across Monterey Bay. Featuring a remodeled 3-bedroom main residence plus four additional updated units, this rare offering is ideal as a primary residence, vacation home, multi-generational compound, investment property, or corporate retreat. The main home features high ceilings, an open-concept living area, custom lighting, & a wraparound deck with breathtaking views from Pleasure Point, Capitola Village, to the Seacliff Cement Ship, & beyond. Two ocean-view bedrooms open to an oceanfront patio with a fire pit, while a private courtyard with a hot tub provides a peaceful retreat. A third bedroom & bath are on the main level. A private studio with fireplace, Murphy bed, bath, & laundry has its own entrance or access from the main home's deck. The detached triplex includes two studios & a one-bedroom unit with ocean views, outdoor space, garage parking, & laundry. The property offers garage parking for 6 cars plus additional off-street parking, & is a short stroll to Capitola Village & the beach. A rare opportunity to own one of Depot Hill's premier oceanfront properties with incredible views & income potential.