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$1,195,000
117 Days On Site

236 Locust Street
WATSONVILLE, CA 95076

For Sale|Multi Family|Active Under Contract
0
Beds
0
Total Baths
2,300
SqFt
$520
/SqFt
1931
Built
County:
Santa Cruz
Listed by of Hap Albers of Albers Real Estate Investment Company (831) 372-1922
Call Now: (408) 868-2620
Is this the listing for you? We can help make it yours.
(408) 868-2620
236 Locust Street236 Locust Street236 Locust Street236 Locust Street
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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.

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Listing Snapshot
Price 
$1,195,000
Days On Site 
117 Days
Bedrooms 
N/A
Inside Area (SqFt) 
2,300 sqft
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.2 Acres
Year Built 
1931
MLS® Number 
ML82040986
Status 
Active Under Contract
Property Tax 
$13,680
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
7 days agoListing updated with changes from the MLS®
3 months agoStatus changed to Active Under Contract
4 months agoPrice changed to $1,195,000
4 months agoListing first seen on site
General Features
Acres 
0.2
Cross Street 
W. Riverside & 2nd Street
Disclosures 
Flood Zone - See ReportNatural Hazard Disclosure
Foundation 
Concrete Perimeter
Garage 
Yes
Garage Spaces 
4
Parking 
Off StreetOn StreetDetached
Parking Spaces 
3
Property Sub Type 
Multi Family
SqFt Total 
2300
Zoning 
R-1
Interior Features
Appliances 
RefrigeratorOvenRangeWasherWasher/DryerExhaust FanGas Range
Flooring 
LaminateTileVinyl
Heating 
Electric
Laundry Features 
Common Area
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Exterior Features
Pool Features 
None
Roof 
Flat
Community Features
Association Amenities 
Coin Laundry
School District 
Pajaro Valley Unified
Schools
School District
Pajaro Valley Unified
Elementary School
Unknown
Middle School
Unknown
High School
Unknown
Listed by of Hap Albers of Albers Real Estate Investment Company (831) 372-1922



The data relating to real estate for sale on this display comes in part from the Internet Data Exchange program of the MLSListings™ MLS system. Real estate listings held by brokerage firms other than eXp Realty are marked with the Internet Data Exchange icon and detailed information about them includes the names of the listing brokers and listing agents. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2026, MLS Listings, Inc..
Last checked: 2026-07-27 08:22 AM UTC

Neighborhood & Commute
Source: Walkscore
Disclosure: Community information and market data powered by Constellation Data Labs. Information is deemed reliable but not guaranteed.
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*Estimate only. Actual rebate may vary based on final price, lender requirements, MLS rules, and broker policies.

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