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.
Sold for $1,085,000
Zillow last checked:
Listing updated:
Bought with:
Oscar Gutierrez, 01446932
Bailey Properties
Source: MLSListings Inc,MLS#: ML82040986
Price history
| Date | Event | Price |
|---|---|---|
| 7/31/2026 | Sold | $1,085,000-9.2%$472/sqft |
Source:  MLSListings Inc #ML82040986 Report a problem | ||
| 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 | ||
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$1,085,900
