Residential Income Property with Open
For Sale
$464,950
2121 Kralj Drive Unit 28, Watsonville, CA 95076
Manufactured home with four bedrooms, two bathrooms, central heating, and a dedicated indoor laundry area.
Property Size1,296 SF
Price / SF$358.76
Days on Market90
Property Features for 2121 Kralj Drive Unit 28
General Information
Standard status
Active
Size
1,296 SF
Property subtype
Mobile/Floating Home / Mobile Home
Amenities
Guest / Visitor Parking
Public, None, Central Forced Air, Public Utilities, Sewer - Public
2
Building Details
Year Built
2025
Stories
1
Listing Agency:
Harmony Communities, Inc.
Listed By:
Sherrie Johnston · License #01930518
(209) 670-6264
Source:
Compass
Added: Jul 20
Changed: Oct 13
Last Checked: Oct 16 at 11:30AM
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 Harmony Communities, Inc.
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Investment Insights
Based on property information with market context.
This 2025 manufactured home provides 1,296 square feet with four bedrooms and two bathrooms. The interior centers on an open living, dining, and kitchen arrangement, with stainless steel appliances, substantial cabinetry, and ample work surfaces. A separate indoor utility room includes washer and dryer hookups. Central heating, ceiling fans, a free-standing gas range, refrigerator, dishwasher, and microwave are among the installed features.
The home is located at 2121 Kralj Drive, Unit 28, in Watsonville’s Rancho Cerritos Community. Interior finishes include linoleum flooring, while the exterior uses wood siding with a composition roof and pillar/post/pier foundation. The kitchen and laundry areas include gas and 220-volt service details as specified in the property information.
The home is located at 2121 Kralj Drive, Unit 28, in Watsonville’s Rancho Cerritos Community. Interior finishes include linoleum flooring, while the exterior uses wood siding with a composition roof and pillar/post/pier foundation. The kitchen and laundry areas include gas and 220-volt service details as specified in the property information.
Key Highlights
- 1,296‑square‑foot manufactured home built in 2025
- Four bedrooms and two bathrooms
- Open‑concept living, dining, and kitchen arrangement
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,359
Cap Rate
7.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$667,180
$667.2K
Cap Rate 7%
$476,557
$476.6K
Cap Rate 9%
$370,656
$370.7K
Market Conditions
NOI Build-Up for 1,296 SF
Gross rent
$62.2K $48.00/SF
− Vacancy
−$1.6K −$1.20/SF
EGI
$60.7K $46.80/SF
− OpEx
−$27.3K −$21.06/SF
NOI
$33.4K $25.74/SF
Area
Santa Cruz County, CA
Vacancy
2.50%
Lease Rate
$48.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$667,180
Cap Rate 7%
$476,557
Cap Rate 9%
$370,656
Alternative Uses
Best Use
Apartment 5plus
$476.6K
$417.0K – $556.0K
NOI $33,359 @ 7.0% cap · market cap 7.17%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$741.1K
$648.4K – $864.6K
NOI $51,874 @ 7.0% cap · market cap 11.16%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
812
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
Frequently Asked Questions
What type of property is this?
Residential income property - Manufactured home with four bedrooms, two bathrooms, central heating, and a dedicated indoor laundry area.
Where is this residential income property located?
The property is located at 2121 Kralj Drive Unit 28 Watsonville, CA.
What is the asking price?
The asking price for this property is $464,950.
What are key features of this property?
This property features: 1,296‑square‑foot manufactured home built in 2025; Four bedrooms and two bathrooms; Open‑concept living, dining, and kitchen arrangement
