236 Locust Street, Watsonville, CA 95076
List Price: $1.2M
Listing Status: Active
Original List Price: $1.29M
0Days on Market: 25
0 Bedrooms · 0 Bathrooms
Property Type: CommercialSale
Year Built: 1931
Lot Size: 8,886 sq ft
Annual Property Tax: $13,680
MLS Number: ML82040986
About This Property
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.
Listing provided by: Hap Albers DRE #01006595 831-372-1922 hap@albersrealestate.com, Albers Real Estate Investment Company
Source: CRMLS, MLS #: ML82040986
Belmont Brokerage Inc. (DRE #02431308) is not the listing office for this property. We provide buyer representation and consultation. Any “Schedule a Tour” or “Contact” form on this page contacts a Belmont Brokerage agent — not the listing agent above.