Duplex with Remodeled
1585 San Andreas Road Watsonville, CA 95076
New
For Sale
$1,095,000
Two-unit duplex near Manresa State Beach, featuring a recently remodeled upstairs 2-bedroom and a tenant-occupied downstairs studio.
Property Size1,515 SF
Price / SF$722.77
Days on Market4
Property Features for 1585 San Andreas Road
General Information
- Standard status
- Active
- Size
- 1,515 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1950
Listing Agency:
KW Thrive Santa Cruz
(831) 334-4727
Listed By:
Justin McNabb · License #01928930
(831) 334-4727
Source:
Exitrealty
Added: Jul 23
Changed: Jul 25
Last Checked: Jul 26 at 5:47AM
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 KW Thrive Santa Cruz
Investment Insights
Based on property information with market context.
This duplex is currently configured as two units with bright, natural light and an interior staircase connecting both levels. The upstairs unit was recently remodeled and features two bedrooms and one bath, hardwood floors, dual pane windows, inset LED lighting, and a fully updated kitchen and bath. A brand new roof is also in place.
The downstairs unit is a studio with its own separate entrance, plus a kitchen and bathroom. Outdoor space includes multiple sunny decks and patios, a terraced backyard with a chicken coop, a large storage shed, and room to garden or entertain. The lot also provides ample open parking.
The upstairs unit is vacant, and the downstairs unit is tenant-occupied with reliable occupants in place. The property is located about a half mile from Manresa State Beach in the quiet community of La Selva Beach.
The downstairs unit is a studio with its own separate entrance, plus a kitchen and bathroom. Outdoor space includes multiple sunny decks and patios, a terraced backyard with a chicken coop, a large storage shed, and room to garden or entertain. The lot also provides ample open parking.
The upstairs unit is vacant, and the downstairs unit is tenant-occupied with reliable occupants in place. The property is located about a half mile from Manresa State Beach in the quiet community of La Selva Beach.
Key Highlights
- Two‑unit home in La Selva Beach about 0.5 mile to Manresa State Beach
- Upstairs unit: recently remodeled 2‑bedroom, 1‑bath with hardwood floors, dual pane windows, inset LED lighting, updated kitchen and bath
- Downstairs studio unit with separate entrance, plus its own kitchen and bathroom
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $61.8k | $40.80 |
| − Vacancy | −$1.5k | −$0.97 |
| EGI | $60.3k | $39.83 |
| − OpEx | −$18.1k | −$11.95 |
| NOI | $42.2k | $27.88 |
1,515 SF · lease $40.80/SF/yr · vacancy 2.38% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$603.4K
$528.0K – $704.0K
NOI $42,239 @ 7.0% cap · market cap 3.86%
Second Best
Apartment 5plus
$557.1K
$487.5K – $649.9K
NOI $38,996 @ 7.0% cap · market cap 3.56%
Theoretical Best
Retail
$866.3K
$758.0K – $1.01M
NOI $60,639 @ 7.0% cap · market cap 5.54%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Two-unit duplex near Manresa State Beach, featuring a recently remodeled upstairs 2-bedroom and a tenant-occupied downstairs studio.
Where is this duplex located?
The property is located at 1585 San Andreas Road Watsonville, CA.
What is the asking price?
The asking price for this property is $1,095,000.
What are key features of this property?
This property features: Two‑unit home in La Selva Beach about 0.5 mile to Manresa State Beach; Upstairs unit: recently remodeled 2‑bedroom, 1‑bath with hardwood floors, dual pane windows, inset LED lighting, updated kitchen and bath; Downstairs studio unit with separate entrance, plus its own kitchen and bathroom
