5.84% CAP RATE! Two brand new (May 2024) 750 Sq. Ft. 2-bedroom/2-bath townhomes, all electric with solar, heatpump, all new everything! Plus Main Building with 5 units ( four 1-bedroom, 1- two-bedroom) that have all been remodeled over the past 5 years (new kitchens, new baths, new flooring, fresh paint, updated plumbing and electric). 3 units just had new flooring and bathrooms installed. On-site parking for all units.
This property currently generates $218,820 in Annual Gross Rents ($182,35/month) and a Net Operating Income of $145763 per year resulting in a 5.8% Cap Rate. Tenants would very much like to stay. Property Management firm is in place to make this an easy transition for you.
For sale
Price cut: $376K (7/24)
$2,499,000
Frd, Watsonville, CA 95076
--beds
--baths
4,878sqft
Est.:
Five Or More Units,
Built in 2024
-- sqft lot
$2,424,800 Zestimate®
$512/sqft
$-- HOA
What's special
New bathsFresh paintNew flooringUpdated plumbingNew kitchens
- 116 days
- on Zillow |
- 145 |
- 4 |
Zillow last checked: 7 hours ago
Listing updated: July 24, 2025 at 04:42am
Listed by:
Ruth Bates 01799929 831-359-2212,
Compass
Source: MLSListings Inc,MLS#: ML82002701

Tour with a buyer's agent
Tour with a buyer's agent
Facts & features
Interior
Heating
- Electric, Other
Cooling
- None
Features
- Doors: None
Interior area
- Total structure area: 4,878
- Total interior livable area: 4,878 sqft
Property
Parking
- Total spaces: 7
- Parking features: Off Street
- Has carport: Yes
Accessibility
- Accessibility features: None
Lot
- Size: 0.28 Acres
Details
- Parcel number: 01814203000
- Zoning: Multi-Res
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Five Or More Units,
Materials
- Foundation: Concrete Perimeter and Slab
- Roof: Composition
Condition
- Year built: 2024
Utilities & green energy
- Gas: PublicUtilities
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Public Utilities, Water Public
Community & HOA
Location
- Region: Watsonville
Financial & listing details
- Price per square foot: $512/sqft
- Date on market: 4/15/2025
- Listing agreement: ExclusiveRightToSell
- Inclusions: OvenRangeAllUnits
- Lease term: Other
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