113 Gonda Street, Royal Oaks, CA, CA 95076

$5,600,000

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List Price
$5,600,000
Price Change
▼ $650,000 1785538872
Status
ACTIVE
MLS#
ML82048377
County
Monterey
Zoning
RM
Year Built
1989
Square Feet
17,360
Lot Size (acres)
0.8
Days on Market
69
Property Type
Commercial

Property Description

HUGE PRICE REDUCTION! 113 Gonda Street presents a rare opportunity to acquire a 16-unit multifamily investment property located in unincorporated Monterey County near the Watsonville city limits. The property features an attractive unit mix comprised entirely of spacious three-bedroom floorplans, including a combination of 3 Bed / 2 Bath and 3 Bed / 1.5 Bath units, catering to strong family-oriented and workforce housing demand throughout the Central Coast region. The property offers onsite laundry, ample resident parking, functional layouts, and strong occupancy supported by limited housing supply and high rental demand. Large three-bedroom rental units remain limited throughout the surrounding market, positioning the property for continued demand and future rental growth. Strategically located near Highway 1, the property provides convenient access to Watsonville, Santa Cruz County, Monterey Bay, Salinas, and major employment centers. The surrounding area benefits from a diverse economic base supported by agriculture, healthcare, education, hospitality, logistics, and service industries. 113 Gonda Street represents an exceptional multifamily investment opportunity.

Additional Information

Taxes
$53,578
Parcel Number
117371011000
Gross Scheduled Income
$599,665
Utilities
Natural Gas Available
Heat
Wall Furnace
Cooling
Yes
Cooling Description
None
Roof
Composition
Parking Spaces
30
Water
Public
School District
Other

Listing courtesy of Listing Agent: Amy M. Salmina (amy@coastandvalleypm.com) from Listing Office: Coast & Valley Properties, Inc..

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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.