Under contract

Price cut: $100K (4/8)

$1,195,000

Locust St, Watsonville, CA 95076

1beds

2baths

2,300sqft

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Five Or More Units, Residential Income

Built in 1931

-- sqft lot

$1,139,400 Zestimate^®

$520/sqft

$-- HOA

What's special

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.

88 days

8

0

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 1
Bathrooms: 2

Kitchen

Features: Countertop_Formica, Countertop_Granite, ExhaustFan

Heating

Electric

Cooling

None

Appliances

Included: Exhaust Fan, Gas Oven/Range, Washer/Dryer
Laundry: Coin Operated

Features

Flooring: Laminate, Tile, Vinyl Linoleum
Doors: None

Interior area

Total structure area: 2,300
Total interior livable area: 2,300 sqft

Property

Parking

Total spaces: 4
Parking features: Detached, Off Street, On Street
Garage spaces: 4
Has carport: Yes

Accessibility

Accessibility features: None

Lot

Size: 8,712 Square Feet

Details

Parcel number: 01716217000
Zoning: R-1
Special conditions: Standard

Construction

Type & style

Home type: MultiFamily
Property subtype: Five Or More Units, Residential Income

Materials

Foundation: Concrete Perimeter
Roof: Flat

Condition

Year built: 1931

Utilities & green energy

Gas: IndividualGasMeters

Community & HOA

Location

Region: Watsonville

Financial & listing details

Price per square foot: $520/sqft
Date on market: 3/31/2026
Listing agreement: ExclusiveRightToSell
Listing terms: CashorConventionalLoan
Inclusions: OvenRangeAllUnits
Lease term: Month To Month

Estimated market value

$1,139,400

$1.08M - $1.20M

$2,910/mo

Price history

Date	Event	Price
4/28/2026	Contingent	$1,195,000$520/sqft
Source: MLSListings Inc #ML82040986 Report a problem
4/8/2026	Price change	$1,195,000-7.7%$520/sqft
Source: MLSListings Inc #ML82040986 Report a problem
3/31/2026	Listed for sale	$1,295,000$563/sqft
Source: MLSListings Inc #ML82040986 Report a problem

Public tax history

Tax history is unavailable.

Monthly payment

Est. payment

Payment breakdown

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All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.

HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.

Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.

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Climate risks

Neighborhood: 95076

Getting around

44 / 100

Some Transit

Nearby schools

GreatSchools rating

2/10
Landmark Elementary School
Grades: K-5Distance: 1.1 mi
2/10
Rolling Hills Middle School
Grades: 6-8Distance: 2 mi
4/10
Watsonville High School
Grades: 9-12Distance: 0.7 mi

Schools provided by the listing agent

District: PajaroValleyUnified

Source: MLSListings Inc. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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