236 Locust Street, Watsonville, CA 95076
Commercial property · 2 recorded sales since 2016
Sold July 2026
Listing Agent: Hap Albers (DRE #01006595) · Listing Office: Albers Real Estate Investment Company · Contact: 831-372-1922 · Bought with: Oscar Gutierrez · Bailey Properties · MLS #ML82040986 · Source: CRMLS
How this sale compares
236 Locust Street sold for $1,085,000 in July 2026, 9.2% under its $1,195,000 list price, after 28 days on the market. It was first listed at $1,295,000.
Figures are MLS-reported closed sales (CRMLS). Nalren does not estimate values.
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
Questions about 236 Locust Street
When did 236 Locust Street last sell?
236 Locust Street last sold in July 2026 for $1,085,000, according to CRMLS-reported closed sales. Nalren has 2 recorded sales at this address since 2016.
What did 236 Locust Street sell for?
$1,085,000, 9.2% below the $1,195,000 list price, after 28 days on the market.
Is 236 Locust Street for sale now?
236 Locust Street is not currently listed on the MLS. Browse current homes for sale in Watsonville on Nalren.