CA
Santa Cruz
WATSONVILLE
95076
236 Locust Street
236 Locust Street, WATSONVILLE, CA 95076
Share Listing
Listing Type
Multi Family
Listing Status
Active
5
$1,195,000

Home Details for 236 Locust Street

Price
$1,195,000
Type
Residential Income
Square feet
2300
Year built
1931
Lot size acres
0.2
County
Santa Cruz
Garage
4
MLS Listing#
ML82040986
Listed By: Albers Real Estate Investment Company - 831-372-1922
Listed By: Hap Albers
Property Description

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. All units were remodeled after purchase in 2017. 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.

Property Features
  • Parking
    • Off Street
    • On Street
    • Detached
  • Cooling Information
    • None
  • Heating Information
    • Electric
MLSListings logo 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 EXIT Realty are marked with the Internet Data Exchange adn detailed information about them includes the names of the listing brokers and listing agents.
Based on information from the MLSListings MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Copyright 2026 MLSListings Inc. All rights reserved.

IDX display powered by Constellation Web Solutions
Last Updated: 2026-04-19 11:10:16
Transportation
Check the walk, transit, and bike score for
Neighborhood Market Statistics
See average values in the proximity of this property
Median Listing Price
Median Days on Site
Median Square Feet
Market statistics compiled from data from MLSListings.
EXIT REALTY CONSULTANTS
16175 Monterey #A, Morgan Hill, CA 95037
CA DRE# 01424183. Kris Klair Broker.
Margaret Vierra
Associate Broker
Office
209 668 2525
Agent
408 202 3243
Request more details
Code: