16-Unit Apartment
113 Gonda ST, Royal Oaks, CA 95076
For Sale
$5,600,000
Pending
All apartments have three-bedroom layouts, with a mix of one-and-a-half- and two-bath configurations.
Property Size17,360 SF
Days on Market171
Property Features for 113 Gonda ST
General Information
Standard status
Size
Property subtype
Additional Details
Highway Access
Multifamily Units
Amenities
onsite laundry
Building Details
Year Built
Listing Agency:
Coast & Valley Properties, Inc.
(831) 757-1270
Listed By:
Amy M. Salmina · License #01494129
(831) 970-9540
Source:
Balogproperties
Added: May 23
Changed: Nov 8
Last Checked: Nov 8 at 4:24PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Coast & Valley Properties, Inc.
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Investment Insights
Based on property information with market context.
At 113 Gonda Street, this 16-unit apartment property was built in 1989 and contains 17,360 square feet. Every apartment has three bedrooms; the layouts include 3-bedroom, 2-bath and 3-bedroom, 1.5-bath configurations. On-site laundry and resident parking are also provided.
The property is in unincorporated Monterey County near the Watsonville city limits. Highway 1 provides regional access to Watsonville, Santa Cruz County, Monterey Bay, and Salinas.
The property is in unincorporated Monterey County near the Watsonville city limits. Highway 1 provides regional access to Watsonville, Santa Cruz County, Monterey Bay, and Salinas.
Key Highlights
- 16 apartments, each with three bedrooms
- Unit mix includes 3‑bedroom, 2‑bath and 3‑bedroom, 1.5‑bath layouts
- 17,360 square feet; built in 1989
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$279,279
Cap Rate
4.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,585,580
$5.6M
Cap Rate 7%
$3,989,700
$4.0M
Cap Rate 9%
$3,103,100
$3.1M
Market Conditions
NOI Build-Up for 17,360 SF
Gross rent
$520.8K $30.00/SF
− Vacancy
−$13.0K −$0.75/SF
EGI
$507.8K $29.25/SF
− OpEx
−$228.5K −$13.16/SF
NOI
$279.3K $16.09/SF
Area
Monterey County, CA
Vacancy
2.50%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,585,580
Cap Rate 7%
$3,989,700
Cap Rate 9%
$3,103,100
Alternative Uses
Best Use
Apartment 5plus
$3.99M
$3.49M – $4.65M
NOI $279,279 @ 7.0% cap · market cap 4.99%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$6.63M
$5.80M – $7.73M
NOI $464,002 @ 7.0% cap · market cap 8.29%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Lease Details
16
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
309
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
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Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - All apartments have three-bedroom layouts, with a mix of one-and-a-half- and two-bath configurations.
Where is this apartment building located?
The property is located at 113 Gonda ST Royal Oaks, CA.
What is the asking price?
The asking price for this property is $5,600,000.
What are key features of this property?
This property features: 16 apartments, each with three bedrooms; Unit mix includes 3‑bedroom, 2‑bath and 3‑bedroom, 1.5‑bath layouts; 17,360 square feet; built in 1989
