- $1.2M Price
- .2 Acres
- 12 DOM
236 Locust Street
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. 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.
Essential Information
- MLS® #ML82040986
- Price$1,195,000
- Bathrooms0.00
- Acres0.20
- Year Built1931
- TypeCommercial Sale
- StatusActive
Community Information
- Address236 Locust Street
- Area699 - Not Defined
- CityWatsonville
- CountySanta Cruz
- Zip Code95076
Amenities
- Parking Spaces3
Interior
- HeatingElectric
- CoolingNone
Exterior
- RoofFlat
School Information
- DistrictOther
Additional Information
- Date ListedMarch 31st, 2026
- Days on Market12
- ZoningR-1
Listing Details
- AgentHap Albers
Office
Albers Real Estate Investment Company
Price Change History for 236 Locust Street, Watsonville, (MLS® #ML82040986)
| Date | Details | Change |
|---|---|---|
| Price Reduced from $1,200,000 to $1,195,000 | ||
| Price Reduced from $1,295,000 to $1,200,000 |
Hap Albers, Albers Real Estate Investment Company.
Based on information from California Regional Multiple Listing Service, Inc. as of April 12th, 2026 at 5:51pm PDT. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.