SOLD — Commercial Sale — 236 Locust Street, Watsonville, CA

About this 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.

Property details

Location

236 Locust Street • Watsonville, CA 95076

More homes for sale and rent in Watsonville, CA →

Listed by

Hap Albers · Albers Real Estate Investment Company

Nearby listings in Watsonville, CA

• 380 Mockingbird Ridge Road, Watsonville, CA · $2,950,000
• 91 Alta Vista, Watsonville, CA · $749,000
• 144 Holm Road 119, Watsonville, CA · $299,000
• 16 Eastern Drive, Watsonville, CA · $899,000
• 410 Monte Sereno, Watsonville, CA · $1,695,000
• 839 Calabasas Road, Watsonville, CA · $1,615,000
• 221 Peckham Road, Watsonville, CA · $1,899,000
• 2458 Freedom Boulevard A, Watsonville, CA · $1,850,000
• 530 Apple Valley Lane, Watsonville, CA · $1,250,000
• 40 Eileen Street, Watsonville, CA · $11,900,000
• 40 Eileen Street, Watsonville, CA · $11,900,000
• 128 Maple Avenue, Watsonville, CA · $1,199,000

See all homes in Watsonville, CA