236 Locust Street, Watsonville, CA, CA 95076
- $1,195,000
- List Price
- $1,195,000
- Price Change
- ▼ $5,000 1775633969
- Closing Date
- Aug 05, 2026
- Status
- ACTIVE UNDER CONTRACT
- MLS#
- ML82040986
- County
- Santa Cruz
- Zoning
- R-1
- Year Built
- 1931
- Square Feet
- 2,300
- Lot Size (acres)
- 0.20400000000000001
- Days on Market
- 41
- Property Type
- Commercial
Property Description
Lowest priced 5-unit complex in Santa Cruz County. Great opportunity for investors looking for revenue & financial returns vs great neighborhoods. $109,000 in Scheduled Gross Income delivers profitable returns - 10.07 GRM and 6.35% cap rate on current rents at full price. Rents have not been increased in several years. All units were remodeled in 2020. The complex has 4 one-bedroom units and a studio. New roofs for all buildings are pending in the spring of 2026. All asphalt was redone in 2023. Future capital improvement costs are minimal for several years. The complex is close to downtown Watsonville and Highway One.
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Additional Information
- Taxes
- $13,680
- Parcel Number
- 01716217000
- Gross Scheduled Income
- $119,173
- Heat
- Electric
- Cooling
- Yes
- Cooling Description
- None
- Roof
- Flat
- Parking Spaces
- 3
- School District
- Other
Listing courtesy of Listing Agent: Hap Albers (hap@albersrealestate.com) from Listing Office: Albers Real Estate Investment Company.
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Based on information from California Regional Multiple Listing Service, Inc. as of . 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.