MLS#ML82040986
STATUSActive
PROPERTY TYPECommercial - Business
SCHOOLOther
Listing Courtesy of:
Albers Real Estate Investment Company
Agency Phone: 831-372-1922
Associate Name: Hap Albers
Listing Shown by:
Farrell Smyth, Inc.
Agency Phone: 805-543-2172
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.
Property Features
Property Type: Commercial - Business
Cooling: None
Heating: Electric
Lot Size: 0.20 Acres
Roof Type: Flat
Taxes: $14,761
Year Built: 1931
Feature Descriptions
Days on Site: 6
Parcel#: 01716217000
Local Schools
School District: Other
Listed By / Shown By
Listed By
Agency Name: Albers Real Estate Investment Company
Agency Phone: 831-372-1922
Agent Name: Hap Albers
Shown By
Agency Title: Farrell Smyth, Inc.
Agency Phone: 805-543-2172
236 Locust Street | MLS# ML82040986
This commercial property located at 236 Locust Street, Watsonville, CA 95076 is currently listed for sale with an asking price of $1,295,000. Locust Street is located within the Other school district. Search Watsonville real estate on www.farrellsmyth.com today.