$4,300,000
FOR SALEActive344 Pennsylvania Drive
Watsonville CA 95076
6,048
SF
Commercial
Type
1965
Built
$711/SF
Cost/SF
Listing Agent
Tim Bowers
DRE #: 01796536
Brokerage: Bailey Properties
Location Analysis
About This Property
An exceptional 8-unit investment opportunity in Watsonville. This is a well-maintained property features seven spacious 2-bedroom, 1-bath units and one 3-bedroom, 2-bath unit, offering strong tenant appeal and a proven rental history. Completely renovated in 2024, this property was rebuilt from the studs out with extensive upgrades including new drywall, plumbing, electrical systems, new roofs, modern kitchens with gas cook tops, quartz counter tops, and new cabinetry. Beautifully updated bathrooms with tub and over head shower. Bedrooms are ample sized with large closet area. Built -in storage cabinets in hallway. Luxury plank flooring (LPF) throughout all units. Ground floors have individuals private back yards of various sizes. Upper units have balconies. Conveniently located distance to Target, Home Depot, shopping, dining, and everyday amenities. The property also benefits from an elementary school right on the corner and easy access to downtown Watsonville and HWY 17 For investors seeking a turnkey asset with significant capital improvements already completed, this is a rare opportunity to acquire a fully renovated, income-producing property in a highly desirable location. All units are at current market rates with all utilities paid by tenants.
Property Information
Property Overview
Commercial
Property Type
Active
Status
RM3
Zoning
0.301 acres
Lot Size
8
Total Units
6,048 SF
Square Footage
$710.98/SF
Price per SF
$26,000
Annual Tax
1,965
Year Built
11
Parking Total
1.82
Parking Ratio
Property Highlights
N/A Property
Prime Location with High Visibility
Location Analysis
Building Details
Zoning & Use
Parking & Access
Utilities & Systems
Investment Metrics
Data not available.
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Sold $1,125,000SOLD30 Riverside RoadSold Jul 2026Bailey Properties | DRE #01459135Buyer's agent: william Lewis, Lewis Real Estate | DRE #00360906
Sold $1,500,000SOLD7,809 SF1931 Beach RoadSold Jan 2026Main Street Realtors | DRE #01161050Buyer's agent: Datta Khalsa, Main Street Realtors | DRE #01161050
Sold $2,350,000SOLD4,260 SF1000 W Beach StreetSold Dec 2025KW Thrive Santa Cruz | DRE #70010159Buyer's agent: The Portola Group, KW Thrive Santa Cruz | DRE #70010159
Sold $1,900,000SOLD3,980 SF137 Calabasas RoadSold Oct 2025El Camino Realty | DRE #00755878Buyer's agent: Chuck Fischer, El Camino Realty | DRE #00755878
Closed commercial sales reported, newest first.
CRMLS
MLS# ML82051650
Listed:
Nalren refreshed:
Last updated
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Listed by: Bailey Properties
Equal Housing Opportunity
Advertising Broker: Nalren Corp (CA DRE #02423715)
Licensed in the state of California
Nalren Corp (CA DRE #02423715) is the Advertising Broker for this IDX display. We are not the listing broker for this property. The listing broker/agent information is shown above. Contact the listing agent for inquiries.