Quadplex with Gas-Equipped
New
For Sale
$2,500,000
430 2nd ST, Watsonville, CA 95076
The property includes a washer and dryer, laminate flooring, and a wall furnace, with no cooling system or garage spaces.
Property Size3,315 SF
Lot Size0.14 Acres
Price / SF$754.15
Days on Market4
Property Features for 430 2nd ST
General Information
Standard status
Active
Size
3,315 SF
Lot size
0.14 Acres
Property subtype
Fourplex
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$6,515
Building Details
Building Size
3,315 SF
Year Built
2002
Listing Agency:
Century 21 Sierra Properties
Listed By:
Michele Lane · License #01227119
(408) 691-0382
Source:
Desantisrealty
Added: Oct 8
Changed: Oct 10
Last Checked: Oct 11 at 11:06AM
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 Century 21 Sierra Properties
Investment Insights
Based on property information with market context.
This 3,315-square-foot quadplex was built in 2002 and occupies a 6,273-square-foot lot in Watsonville. Laminate flooring runs throughout the interior. The kitchen has a gas cooktop, refrigerator, exhaust fan, gas hookups, and a 220-volt outlet. Laundry equipment includes a washer and dryer.
Heating is provided by a wall furnace; no cooling system is installed, and the property has no garage spaces. The property is within the Pajaro Valley Unified elementary school district.
Heating is provided by a wall furnace; no cooling system is installed, and the property has no garage spaces. The property is within the Pajaro Valley Unified elementary school district.
Key Highlights
- 3,315‑square‑foot property on a 6,273‑square‑foot lot
- Built in 2002
- Kitchen includes a gas cooktop, refrigerator, exhaust fan, gas hookups, and a 220‑volt outlet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$92,423
Cap Rate
3.70%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,848,460
$1.8M
Cap Rate 7%
$1,320,329
$1.3M
Cap Rate 9%
$1,026,922
$1.0M
Market Conditions
NOI Build-Up for 3,315 SF
Gross rent
$135.3K $40.80/SF
− Vacancy
−$3.2K −$0.97/SF
EGI
$132.0K $39.83/SF
− OpEx
−$39.6K −$11.95/SF
NOI
$92.4K $27.88/SF
Area
Santa Cruz County, CA
Vacancy
2.38%
Lease Rate
$40.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,848,460
Cap Rate 7%
$1,320,329
Cap Rate 9%
$1,026,922
Alternative Uses
Best Use
Multifamily LT 5
$1.32M
$1.16M – $1.54M
NOI $92,423 @ 7.0% cap · market cap 3.70%
Second Best
Apartment 5plus
$1.22M
$1.07M – $1.42M
NOI $85,328 @ 7.0% cap · market cap 3.41%
Theoretical Best
Retail
$1.90M
$1.66M – $2.21M
NOI $132,686 @ 7.0% cap · market cap 5.31%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
1,123
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
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Quadplex - The property includes a washer and dryer, laminate flooring, and a wall furnace, with no cooling system or garage spaces.
Where is this quadplex located?
The property is located at 430 2nd ST Watsonville, CA.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: 3,315‑square‑foot property on a 6,273‑square‑foot lot; Built in 2002; Kitchen includes a gas cooktop, refrigerator, exhaust fan, gas hookups, and a 220‑volt outlet
