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$ 1,295,000

Est. payment | -/mo

1 Bed

2 Baths

2,300 SqFt

Save

$ 1,295,000

Est. payment | -/mo

Save

1 Bed

2 Baths

2,300 SqFt

Key Details

Property Type Commercial

Sub Type Five or More Units

Listing Status Active

Purchase Type For Sale

Square Footage 2,300 sqft

Price per Sqft $563

Lot Size 8,886 Sqft

MLS Listing ID ML82040986

Bedrooms 1

Full Baths 2

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 - 10.87 GRM and 5.88% cap rate on current rents at full price. All units were remodeled after purchase in 2017. 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.

Location

State CA

County Santa Cruz

Area Watsonville

Zoning General Industrial

Rooms

Other Rooms Storage

Kitchen Countertop - Formica, Countertop - Granite, Exhaust Fan, Oven Range - Gas, Refrigerator

Interior

Heating Electric

Cooling None

Flooring Laminate, Tile, Vinyl / Linoleum

1-purchase type For Sale

Exterior

Garage Detached Garage, Off-Street Parking, On Street

Garage Spaces 4

Utilities Available Individual Electric Meters

Roof Type Flat / Low Pitch

Building

Foundation Concrete Perimeter

Sewer Sewer Connected

Water Individual Water Meter

Others

Restrictions None

Tax ID 017-162-17-000

Security Features None

Special Sale Not Applicable

Listed by Hap Albers of Albers Real Estate Investment Company
Bought with Hap Albers of Albers Real Estate Investment Company

236 Locust ST Watsonville, CA 95076