Home | Santa Cruz County | Watsonville | 95076 | 236 Locust St
MLS: ML82040986 | Status: | Price: $1,085,000
Beds/Baths: – / –
Property Type: Residential Income
| Beds | Baths | Sq Ft | Sq Ft Lot | Yr Built |
|---|---|---|---|---|
| – | – | 2,300 | 8,886 | 1931 |
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.
| Field | Value |
|---|---|
| MLS # | ML82040986 |
| MLS Source | MLSListings, Inc. |
| Feature | Details |
|---|---|
| Kitchen | Countertop - Formica, Countertop - Granite, Exhaust Fan |
| Appliances | Exhaust Fan, Oven Range - Gas, Washer/Dryer |
| Flooring | Laminate, Tile, Vinyl/Linoleum |
| Laundry | Coin Operated |
| Cooling | None |
| Heating | Electric |
| Feature | Details |
|---|---|
| Roof | Flat |
| Foundation | Concrete Perimeter |
| Feature | Details |
|---|---|
| Garage/Parking | Detached, Off-Street Parking, On Street, Garage: 4 Car(s) |
| Elementary District | Pajaro Valley Unified |
| High School District | Pajaro Valley Unified |
| Zoning | R-1 |
Hap Albers
Albers Real Estate Investment Company
License #: 01006595
Phone: (831) 372-1922
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 2 | 5 | 5 |
| Type | Sq Ft | Beds | Baths | Min Rent | Max Rent | Units Like This |
|---|---|---|---|---|---|---|
| 1 | – | 1 | 1/0 | $1,900 | $2,000 | 4 |
| 2 | – | 0 | 1/0 | $1,500 | $1,500 | 1 |
School data provided by GreatSchools.org
| School | Type | Grades | Distance | Rating |
|---|---|---|---|---|
| Radcliff Elementary School | public | K-5 | 0.41 mi | 2 |
| PVUSD Virtual Academy | public | K-12 | 0.61 mi | 8 |
| Watsonville High School | public | 9-12 | 0.61 mi | 4 |
| Pajaro Middle School | public | 6-8 | 0.72 mi | 2 |
| E. A. Hall Middle School | public | 6-8 | 0.98 mi | 2 |
| Mintie White Elementary School | public | K-5 | 1.04 mi | 1 |
| Landmark Elementary School | public | K-5 | 1.04 mi | 2 |
| New School Community Day | public | 9-12 | 1.16 mi | 1 |
| Cesar E. Chavez Middle School | public | 6-8 | 1.23 mi | 2 |
| Starlight Elementary School | public | K-5 | 1.33 mi | 2 |
| H. A. Hyde Elementary School | public | K-5 | 1.53 mi | 2 |
| T. S. Macquiddy Elementary School | public | K-5 | 1.56 mi | 1 |
| Ann Soldo Elementary School | public | K-5 | 1.68 mi | 3 |
| Rolling Hills Middle School | public | 6-8 | 1.90 mi | 2 |
| Pajaro Valley High School | public | 9-12 | 1.91 mi | 4 |
| Duncan Holbert | public | KG | 1.96 mi | N/A |
| Freedom Elementary School | public | K-5 | 2.11 mi | 2 |
| Watsonville/Aptos/Santa Cruz Adult Education | public | UG | 2.38 mi | N/A |
| Ohlone Elementary School | public | K-6 | 2.44 mi | 4 |
| Lakeview Middle School | public | 6-8 | 2.48 mi | 1 |
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This listing information is up-to-date as of August 05, 2026. For the most current information, please contact Hap Albers, (831) 372-1922.