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    251-255 Lake Ave Watsonville, CA 95076

    Sponsored
    For Sale
    $1,750,000

    Prime Watsonville multifamily opportunity.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    338
    This exceptional investment property, located at 251-255 E Lake Avenue in Watsonville, California, presents a compelling opportunity for discerning investors. Situated on a sizable 0.42-acre lot, this multi-family property offers significant potential for growth and strong returns. The property's address is 251-255 E Lake Avenue. While the precise square footage is currently unavailable, the substantial lot size suggests a considerable building footprint. The asking price for this promising investment is $1,750,000. Given its location in Watsonville, a vibrant and growing community, this property is well-positioned to benefit from increasing rental demand and appreciation in property values. The multi-family nature of the property provides inherent diversification and potential for long-term rental income. Further due diligence is encouraged to fully assess the property's potential and to confirm all details. This is a rare opportunity to acquire a well-located multifamily property in a desirable California market. Serious inquiries are welcome. The property is offered as-is. All interested parties are responsible for conducting their own independent inspections and verifying all information provided.

    Property Features for 251-255 Lake Ave

    General Information

    Property type
    Residential income properties
    Lot Size
    18,295 SF

    Building Details

    Year Built
    1957
    Property Profile Location Intelligence

    Current Use by Public Records

    Multifamily properties

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Watsonville
    County
    Santa Cruz
    State
    California
    Longitude
    -121.7546
    Latitude
    36.91484

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    FAQs

    What type of property is this?
    Residential income property - Prime Watsonville multifamily opportunity.
    Where is this residential income property located?
    The property is located at 251-255 Lake Ave Watsonville, CA.
    What is the asking price?
    The asking price for this property is $1,750,000.
    (831) 818-2337
    Request Owner's contact information
    251-255 Lake Ave Watsonville, CA 95076
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    Watsonville, CA 95076
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    251-255 Lake Ave Watsonville, CA 95076
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