Multi-Home Residential Development
For Sale
$11,900,000
40 Eileen ST, Watsonville, CA 95076
Residential Income (2-4 units), WATSONVILLE, CA
Property Size3,911 SF
Lot Size8.58 Acres
Price / SF$3,042
Days on Market93
Property Features for 40 Eileen ST
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R-1
Parking
15
Parking features
Covered
Subdivision
Watsonville
Standard status
Active
Size
3,911 SF
Lot size
8.58 Acres
Utilities
Water source
Public
Building Details
Year built
1975
Roof type
Composition
Listing Agency:
David Lyng Real Estate
(831) 429-5700
Listed By:
Kasey Hinchman · License #01424163
(831) 239-3708
Added: Jun 3
Changed: Aug 19
Last Checked: Sep 3 at 5:06PM
MLS# ML82008493
Copyright © 2026 MLS Listings, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Set at the end of a cul-de-sac, this 8.58-acre Watsonville property is currently improved with three single-family homes and a detached warehouse. The land is fully serviced with public water, sewer, and PG&E utilities, with separate meters for each residence. The site is zoned R-1, offering buyers the ability to evaluate residential-focused development or reconfiguration subject to approvals and build-ability.
Located at 40 Eileen St in Watsonville (95076), the property sits within a community-oriented city environment. The public remarks note proximity to Watsonville Community Hospital, Kaiser, PAMF, local shops and schools, Main & Green Valley commercial corridors, and the Watsonville Municipal Airport, with the Monterey Bay region accessible via nearby routes.
For tenants, investors, or owner-users, the combination of multiple existing residences plus a detached warehouse can support a range of practical strategies, from keeping current income in place to planning future site updates. Buyers should verify zoning, permitted uses, and any development possibilities with the appropriate agencies, including requirements related to residential R-1 standards and any changes involving additional structures or alternative uses.
Located at 40 Eileen St in Watsonville (95076), the property sits within a community-oriented city environment. The public remarks note proximity to Watsonville Community Hospital, Kaiser, PAMF, local shops and schools, Main & Green Valley commercial corridors, and the Watsonville Municipal Airport, with the Monterey Bay region accessible via nearby routes.
For tenants, investors, or owner-users, the combination of multiple existing residences plus a detached warehouse can support a range of practical strategies, from keeping current income in place to planning future site updates. Buyers should verify zoning, permitted uses, and any development possibilities with the appropriate agencies, including requirements related to residential R-1 standards and any changes involving additional structures or alternative uses.
Key Highlights
- Rare 8.58‑acre property in a desirable Watsonville location.
- Zoned R1 with potential for diverse development (residential, vineyard, farm, retreat, etc.).
- Fully serviced with public water, sewer, and PG&E, each with separate meters.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
725
Businesses Nearby
Explore this area
Business Placement
Demographics for 95076, CA
84,433
Population
26,488
Households
3.2
Avg Household Size
35
Median Age
19%
College-Educated
72%
High-School Grad
135.1 sq mi
ZIP Area
625
Density / Sq Mi
$86,685
Median Household Income
$36,077
Median Earnings
$1,851
Median Rent
$767,200
Median Home Value
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Multifamily property - 8.58-acre cul-de-sac parcel with three single-family homes and a detached warehouse, served by public utilities.
Where is this multifamily property located?
The property is located at 40 Eileen ST Watsonville, CA.
What is the asking price?
The asking price for this property is $11,900,000.
What are key features of this property?
This property features: Rare 8.58‑acre property in a desirable Watsonville location.; Zoned R1 with potential for diverse development (residential, vineyard, farm, retreat, etc.).; Fully serviced with public water, sewer, and PG&E, each with separate meters.
