Turnkey 8-Unit Apartment Building

344/348 Pennsylvania Drive Watsonville, CA 95076

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For Sale
$4,300,000

Completely renovated 8-unit multifamily property with a mix of 2- and 3-bedroom layouts and private outdoor space.

Type:Multi Family
Property size:
6,048 SF
Price / SF:
$710/SF
Added:
Jun 20, 2026
Days on Market:
23
Last Refresh:
Jul 11 at 2:23 am

Property Features for 344/348 Pennsylvania Drive

General Information

Standard status
Active
Size
6,048 SF
Property subtype
Multi Family

Building Details

Year Built
1965

Listing office Bailey Properties

Listing date Jun 20, 2026

Source Exitrealty

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 Bailey Properties


Investment Insights

Based on property information with market context.

This investment property is a well-maintained 8-unit apartment building featuring seven 2-bedroom, 1-bath units and one 3-bedroom, 2-bath unit. The property was completely renovated in 2025 and rebuilt from the studs out with extensive upgrades, including new drywall, plumbing, electrical systems, and new roofs. Unit interiors include luxury plank flooring throughout, modern kitchens with gas cook tops, quartz countertops, and new cabinetry, along with updated bathrooms featuring tub and overhead shower. Additional features include ample bedroom sizes with large closet areas and built-in storage cabinets in the hallway.

Ground-floor units offer individual private back yards of various sizes, while upper units include balconies. The property is positioned near major shopping and dining, with Target and Home Depot identified nearby, and it provides easy access to downtown Watsonville and HWY 17. An elementary school is located on the corner.

All units are rented at current market rates, and tenants pay all utilities.

Key Highlights

  • 8‑unit multifamily built in 1965: seven 2BD/1BA units and one 3BD/2BA unit
  • Completely renovated in 2025, rebuilt from the studs out with new drywall, plumbing, and electrical systems
  • New roofs plus updated interiors including modern kitchens with gas cook tops, quartz counters, and new cabinetry

Property Analytics

Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

Law Firm Real Estate Agency HVAC Service Parking Lot & Garage Electrical Service Skin Care Clinic Grocery & Convenience Store Pharmacy (Bike/Boat/Book/etc) Store Furniture & Home Goods

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

FAQs

What type of property is this?
Apartment building - Completely renovated 8-unit multifamily property with a mix of 2- and 3-bedroom layouts and private outdoor space.
Where is this apartment building located?
The property is located at 344/348 Pennsylvania Drive Watsonville, CA.
What is the asking price?
The asking price for this property is $4,300,000.
What are key features of this property?
This property features: 8‑unit multifamily built in 1965: seven 2BD/1BA units and one 3BD/2BA unit; Completely renovated in 2025, rebuilt from the studs out with new drywall, plumbing, and electrical systems; New roofs plus updated interiors including modern kitchens with gas cook tops, quartz counters, and new cabinetry
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