Property listed by Albers Real Estate Investment Company, Hap Albers 831-372-1922
236 Locust Street
Watsonville, CA 95076
Square Ft.
2,300
$1,195,000
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… Read More 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. Read Less
Listing Snapshot
Days Online
55
Last Updated
Square Ft.
2,300
Lot Size
0.2 Acres
Year Built
1931
MLS Number
ML82040986
Additional Details
Building
Built in 1931, 2 buildings
Cooling
None
Expenses
Insurance: $6,750, Maintenance: $3,750, Trash: $2,544, Other Expense: $1,285
Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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