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Berkshire Hathaway HomeServices California Properties
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  • 236 Locust Street

236 Locust Street, Watsonville, CA 95076

$1,195,000 Approx. USD

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Berkshire Hathaway HomeServices California Properties 11828 Rancho Bernardo Rd, Ste 210
San Diego, CA 92128 888-995-7575
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Listing Agent


Hap Albers | hap@albersrealestate.com
Lic#: 01006595
Broker: Courtesy of Albers Real Estate Investment Company
Phone: 831-372-1922

Listing Details

Property type: (Commercial)
Property Sub-Type:
Status: Active Under Contract
Listing ID: ML82040986
List price is $1,195,000 Reduced by $100,000 on 4/8/2026
Price: $1,195,000
Rental Rate: $1,195,000
Lot Size:
HOA Fee is $0.00
Built in 1931
0.20 acres
County: Santa Cruz
Zoning: R-1
Heating/cooling: None
Heating description: Electric

Last Updated: 7/24/2026

 Days On Market (DOM): 28

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Lat/Long: 36.905436, -121.759612.
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Lot Details

Easement Present: (Easement present. For more information, contact agent.)

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Property Details

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.

Financials

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Gross Rental Income
Other Income
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DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or its applicability to your financial situation. Please consult your financial and/or tax advisor. GET PRE-APPROVED The loan's interest rate will depend upon the specific characteristics of the loan transaction and credit profile up to the time of closing.

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Berkshire Hathaway HomeServices California Properties 11828 Rancho Bernardo Rd, Ste 210
San Diego, CA 92128 877.778.8811
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