236 Locust, Watsonville CA 95076 | $1,195,000
Listing provided courtesy of Hap Albers of Albers Real Estate Investment Company. Last updated 2026-04-20 08:26:14.000000. Listing information © 2025 SANDICOR.
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 after purchase in 2017. 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.
More Details
Parking Spots: 3.00
Carport Spaces: 0.00
Heating: Electric
David Piper
Call or Text: 858-525-5007
DRE# 02021985
