236 Locust ST, Watsonville, CA 95076
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236 Locust ST, Watsonville, CA 95076
236 Locust ST, Watsonville, CA 95076
236 Locust ST, Watsonville, CA 95076
236 Locust ST, Watsonville, CA 95076
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David Lucas

David Lucas

+1(650) 399-0121
Listed by Hap Albers • Albers Real Estate Investment Company, DRE#01006595
$ 1,195,000
Est. payment /mo
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Contingent

236 Locust ST Watsonville, CA 95076

1 Bed

2 Baths

2,300 SqFt

UPDATED:

Key Details

Property Type Commercial

Sub Type Five or More Units

Listing Status Contingent

Purchase Type For Sale

Square Footage 2,300 sqft

Price per Sqft $519

MLS Listing ID ML82040986

Bedrooms 1

Full Baths 2

Year Built 1931

Lot Size 8,886 Sqft

Property Sub-Type Five or More Units

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 - 10.07 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.

Location

State CA

County Santa Cruz

Area Watsonville

Zoning R-1

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

Laundry Coin Operated, Washer / Dryer

Exterior

Parking Features Detached Garage, Off-Street Parking, On Street

Garage Spaces 4.0

Utilities Available Individual Electric Meters, Individual Gas 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 Listing Condition Not Applicable

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David Lucas

David Lucas

Agent | License ID: 02114304

+1(650) 399-0121

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236 Locust ST