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$1,295,000 Just Listed

  • For Sale
  • Active
  • Commercial Residential Facility
  • 2,300 Sq. Ft.
  • 0.2 Acres
  • Updated 3 days ago
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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 - 10.87 GRM and 5.88% 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.

Full Property Details for 236 Locust St

General

  • Price: $1,295,000
  • Status: Active
  • Type: Commercial Residential Facility
  • Source: RE_Infolink
  • MLS ID: ML82040986
  • Updated: 3/31/2026
  • Added to Site: 3 day(s) ago

Interior

  • Flooring: Laminate, Tile, Vinyl / Linoleum

Rooms

Other Rooms

  • Kitchen: Formica Countertop, Granite Countertop, Exhaust Fan, Gas Oven/Range, Refrigerator
  • Laundry: Coin-Operated, Washer / Dryer

Additional Information

  • Security/Safety: None

Parking

  • Garage Spaces: 4
  • Parking Features: Detached Garage, Off-Street Parking, On Street

Location

  • Area: Watsonville
  • County: Santa Cruz
  • Cross Streets: W. Riverside & 2nd Street

Heating & Cooling

  • Cooling Type: None

Utilities

  • Sewer: Sewer Connected
  • Water: Individual Water Meter
  • Utility Description: Individual Electric Meters
  • Metering: Separate Electric, Separate Gas

Structural Information

  • Foundation: Concrete Perimeter
  • Roof: Flat / Low Pitch
  • Disability Access: None
  • Square Feet: 2,300
  • Year Built: 1931

Unit Information

Unit 1

  • Bedrooms: 1

Lot Features

  • Lot Size (Acres): 0.2
  • Minimum Lot Size: 8886
  • Building Sites: 2
  • Zoning: General Industrial

Disclosures and Reports

  • Restrictions: None

Listed by Albers Real Estate Investment Company, Hap Albers

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Listing agent

— 236 Locust St —

  • Hap Albers

    Albers Real Estate Investment Company

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 236 Locust St

School District:Pajaro Valley Joint Unified School District
NameGradesDistance
Radcliff Elementary School
550 Rodriguez Street, Watsonville, CA 95076
K-50.4 mi
Rolling Hills Middle School, Watsonville, CA
130 Herman Avenue, Watsonville, CA 95076
6-81.9 mi
Watsonville High School
250 East Beach Street, Watsonville, CA 95076
9-120.6 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 236 Locust St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
3/31/2026
Listed
$1,295,000
803.7%
MLS
5/18/2017
Sold
$143,300
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 236 Locust St

Year
Property Taxes
Change
Tax Assessment
Change
2025
$9,802
13%
$741,615
4%
2023
$8,709
2%
$712,816
2%
2022
$8,553
4%
$698,840
2%
2021
$8,197
1%
$685,137
1%
2020
$8,080
2%
$678,112
2%
2019
$7,939
3%
$664,816
2%
2018
$7,740
31%
$651,780
33%
2017
$5,926
534%
$489,600
662%
2016
$935
1%
$64,240
2%
2015
$930
2%
$63,275
2%
2014
$911
—
$62,035
—
2013
$911
—
$61,755
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost for 236 Locust St

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*These costs are estimates, and the interest rates assume exceptional credit standing.

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with our affiliated lender
NMLS#: 1598647

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Listed by Albers Real Estate Investment Company, Hap Albers

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236 Locust St, Watsonville, CA 95076 (MLS# ML82040986) is a Commercial Residential Facility property. 236 Locust St is currently listed for $1,295,000 and was received on March 31, 2026. Want to learn more about 236 Locust St? Do you have questions about finding other Commercial Residential Facility real estate for sale in Watsonville? You can browse all Watsonville real estate or contact a Coldwell Banker agent to request more information.

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