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.… Read More 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. Read Less
Courtesy of Albers Real Estate Investment Company, Hap Albers 831-372-1922
Listing Snapshot
Days Online
74
Last Updated
Property Type
Five Or More Units
Square Ft.
2,300
Lot Size
0.2 Acres
Year Built
1931
MLS Number
ML82040986
30 Days Snapshot Of 95076
$1.05M
-11%
(avg) sold price
32
+18%
homes sold
39
+77%
(avg) days on market
Snapshot
Area Map
Additional Details
Lot
Max Area: 8886.00, Max Area Units: Square Feet, Lot is 0.20399449035813 acres
Accessibility Features
None
Unit One
Rent: $1,900, 1 bedroom
Unit Two
Rent: $1,500
Building
2,300 structure square feet, Age: 95, Built in 1931, 2 buildings, 5 minimum units in complex
Cooling
None
Floors
Laminate, Tile, Vinyl / Linoleum
Foundation
Concrete Perimeter
Garage
4 garage spaces, Detached Garage, Off-Street Parking, On Street
The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the MLSListingsTM MLS system. Real estate listings held by brokerage firms other than the office represented by this website are marked with the Internet Data Exchange icon (a stylized house inside a circle) and detailed information about them includes the names of the listing brokers and listing agents. The broker providing this data believes the data to be correct, but advises interested parties to confirm all information before relying on it for a purchase decision. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listings last updated on .
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