Home | Santa Cruz County | Watsonville | 95076 | 236 Locust St
236 Locust St, Watsonville, CA 95076
MLS: ML82040986 | Status: | Price: $1,295,000
Beds/Baths: – / –
Property Type: Residential Income
Quick Facts
| Beds |
Baths |
Sq Ft |
Sq Ft Lot |
Yr Built |
| – |
– |
2,300 |
8,886 |
1931 |
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 - 10.87 GRM and 5.88% cap rate on current rents at full price. 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.
| Field |
Value |
| MLS # |
ML82040986 |
| MLS Source |
MLSListings, Inc. |
| Days on Site |
1 |
Features
Interior Features
| Feature |
Details |
| Kitchen |
Countertop - Formica, Countertop - Granite, Exhaust Fan |
| Appliances |
Exhaust Fan, Oven Range - Gas, Washer/Dryer |
| Flooring |
Laminate, Tile, Vinyl/Linoleum |
| Laundry |
Coin Operated |
| Cooling |
None |
| Heating |
Electric |
Exterior Features
| Feature |
Details |
| Roof |
Flat |
| Foundation |
Concrete Perimeter |
| Feature |
Details |
| Garage/Parking |
Detached, Off-Street Parking, On Street, Garage: 4 Car(s) |
| Elementary District |
Pajaro Valley Unified |
| High School District |
Pajaro Valley Unified |
| Zoning |
General Industrial |
Hap Albers
Albers Real Estate Investment Company
License #: 01006595
Phone: (831) 372-1922
Property Units
| # Buildings |
# Leased Units |
# Total Units |
| 2 |
5 |
5 |
Unit Details
| Type |
Sq Ft |
Beds |
Baths |
Min Rent |
Max Rent |
Units Like This |
| 1 |
– |
1 |
1/0 |
$1,900 |
$2,000 |
4 |
| 2 |
– |
0 |
1/0 |
$1,500 |
$1,500 |
1 |
School Ratings
School data provided by GreatSchools.org
Nearby Schools
Nearby Homes
Disclosures
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This listing information is up-to-date as of March 31, 2026. For the most current information, please contact Hap Albers, (831) 372-1922.