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Sold for $2,850,000
  • $2,850,000

    Salinas Royaloaks, Watsonville, CA 95076

    --beds
    --baths
    8,098sqft
    Five Or More Units, Residential Income
    Built in 1968
    -- sqft lot
    $2,791,000 Zestimate®
    $352/sqft
    $4,278 Estimated rent

    Home value

    $2,791,000

    $2.46M - $3.15M

    $4,278/mo

    Zestimate® history
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    $4,278/mo

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    $4,278/mo

    Rent Zestimate®

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    $17,946/mo

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    $17,946/mo

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    What's special

    Diverse unit mixRenovated units
    OPEN HOUSE TOUR THURS FEB 20TH FROM 11A-1P TO VIEW THE INTERIOR OF THE UNITS. This is a rare opportunity to acquire a 10-unit multi-family property spread across six buildings, featuring a desirable mix of three-bedroom and two-bedroom units in a high-demand rental market. The owner has renovated units as they have turned over and purposefully left 3 units vacant for the new owner to fill at market rate rents. This well-maintained asset offers a steady income stream, with room for rental growth and operational efficiencies. Diverse Unit Mix: (4) Three-bedroom units & (5) Two bedroom units, (1) large one-bedroom unit Strong Occupancy: High tenant retention with consistent rental demand Expansion & Value-Add Potential: Opportunity to increase rents through renovations, or redevelopment Prime Location: Located just off Highway 1 and situated near major employers, transportation, and amenities Stabilized & Income-Producing: Immediate cash flow with upside potential

    Zillow last checked:

    Listing updated:

    Listed by:

    James Kendall 02010395 831-275-0129,

    Baird Partnership, Inc. 831-646-1919

    Bought with:

    Raeid Farhat, 01295607

    Raeid Farhat Real Estate Inc

    Raeid Farhat Real Estate Inc

    Source: MLSListings Inc,MLS#: ML81994165MLS Logo

    Facts & features

    Interior

    Heating
    • Wall Furnace
    Cooling
    • None
    Interior area
    • Total structure area: 8,098
    • Total interior livable area: 8,098 sqft

    Property

    Parking
    • Total spaces: 10
    • Parking features: Carport, Common
    • Has carport: Yes
    Accessibility
    • Accessibility features: Parking
    Lot
    • Size: 3.95 Acres
    Details
    • Parcel number: 117481034000
    • Zoning: RC
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Five Or More Units, Residential Income
    Materials
    • Foundation: Pillar/Post/Pier
    • Roof: Composition
    Condition
    • Year built: 1968

    Utilities & green energy

    • Gas: IndividualGasMeters
    • Sewer: Septic Tank
    • Water: Public
    • Utilities for property: Water Public

    Community & neighborhood

    Location
    • Region: Watsonville

    Other

    Other facts
    • Listing agreement: ExclusiveAgency

    Price history

    DateEventPrice
    3/18/2025Sold$2,850,000$352/sqft
    Source: MLSListings Inc #ML81994165 Report a problem
    3/1/2025Pending sale$2,850,000$352/sqft
    Source: MLSListings Inc #ML81994165 Report a problem
    2/28/2025Listed for sale$2,850,000$352/sqft
    Source: MLSListings Inc #ML81994165 Report a problem
    2/26/2025Contingent$2,850,000$352/sqft
    Source: MLSListings Inc #ML81994165 Report a problem
    2/14/2025Listed for sale$2,850,000$352/sqft
    Source: MLSListings Inc #ML81994165 Report a problem

    Public tax history

    Tax history is unavailable.

    Neighborhood: 95076

    Nearby schools

    GreatSchools rating
    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.

    Get a cash offer in 3 minutes
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    Estimated market value
    $2,791,000
    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
    $2,791,000