Locust, Watsonville, CA 95076
- Sqft
- 2,300
- Garage
- Yes
View property features, location on map, relevant school information and overview from seller's agent.
- 0
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Overview
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
Full feature list
Basic info
- Property type
- Multi-family
- Square feet
- 2,300
- Lot size (acres)
- 0.20
- Year built
- 1931
Interior features
- Laundry
- Coin-operated
Garage and parking
- Garage parking spaces
- 4
Utilities
- Heating
- Electric
- Cooling
- None
Public schools
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Sourced from: MLSListings (California) MLS®#: ML82040986 Last checked: …
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