236 Locust Street, Watsonville, CA 95076

About this commercial property

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.

Listing description from the July 2026 sale, as reported to CRMLS.

Sale history

$1,085,000

Sold July 2026 · listed $1,195,000, orig. $1,295,000, on market March 2026 · MLS #ML82040986 · Source: CRMLS

Listing Agent: Hap Albers · Listing Office: Albers Real Estate Investment Company · Contact: 831-372-1922 · Bought with: Oscar Gutierrez · Bailey Properties

$480,000

Sold April 2016 · listed $499,000, on market March 2016 · MLS #ML81566133 · Source: CRMLS

Listing Agent: Hap Albers · Listing Office: Albers Real Estate Investment Company · Contact: 831-372-1922 · Bought with: Hap Albers · Albers Real Estate Investment Company

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