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    124 Riverside Dr Watsonville, CA 95076

    For Sale
    $1,579,000

    Three homes zoned for up to 10 units near downtown.

    Lot size:
    0.35 Acres

    Property Features for 124 Riverside Dr

    General Information

    Lot size
    0.35 Acres

    Building Details

    Year built
    1921

    Source: Malvini Real Estate Group Agent Miguel Martinez

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Multifamily Property with Development Potential

    This property features three homes, with zoning allowing for up to 10 units. Unit 1, with 1050 square feet, includes 3 bedrooms and 1 bathroom, formica countertops, and LVP flooring, and a basement currently used for storage. Units 2 and 3 each offer 1075 square feet, 3 bedrooms, and 2 bathrooms, with granite countertops, engineered wood flooring, one shower stall, and one combo tub/shower. A carport provides parking for 4 cars, with additional parking available on the property. The property is located close to the freeway and close to downtown.
    Location Intelligence

    Current Use by Public Records

    Apartment buildings

    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
    -121.7514898
    Latitude
    36.9082391

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    FAQs

    What type of property is this?
    Apartment building - Three homes zoned for up to 10 units near downtown.
    Where is this apartment building located?
    The property is located at 124 Riverside Dr Watsonville, CA.
    What is the asking price?
    The asking price for this property is $1,579,000.
    What are key features of this property?
    This property features: - Zoned for up to 10 units, offering significant development potential.; - Three existing homes provide immediate rental income or living options.; - Convenient location close to the freeway and downtown.
    (831) 444-2872
    Request Owner's contact information
    124 Riverside Dr 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
    124 Riverside Dr Watsonville, CA 95076
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