Locust

Watsonville, CA, 95076
For Lease $1,195,000/mo.
  • 2,300sqft
  • 8,886sf lot
Listing agent:
Hap Albers
Albers Real Estate Investment Company
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 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.

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Locust is a Residential Income Five Or More Units property located in Watsonville, California, featuring a 8,886 sqft lot, 2,300 sqft, MLS #ML82040986.
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Data last modified: 2026-04-19 16:25:25