Charming Multi-Family Corralitos
CORRALITOS, Watsonville 95076
New
MULTI_FAMILY - CORRALITOS
Property size:
2,634 SFLot size:
8.00 AcresPrice / SF:
$503/SF- Added:
- May 20, 2026
- Days on Market:
- 2
- Last Refresh:
- May 21 at 6:06 pm
Property Features for CORRALITOS
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- RA
- Bedrooms
- 5
- Rooms
- Bedroom 2, Bedroom 5, Bedroom 4, Bedroom 1, Bedroom 3
- Parking
- 8
- Parking features
- Oversize
- Interior features
- High Ceiling
- Standard status
- Active
- Size
- 2,634 SF
- Lot size
- 8.00 Acres
Utilities
- Utilities
- Propane
- Heating system
- Wood
- Water source
- Well
Building Details
- Year built
- 1966
- Flooring type
- Hardwood, Carpet
- Building materials
- Wood Frame
- Roof type
- Composition
- Architectural style
- Other, Victorian
Listing agent Katy King License #01060879 (831) 247-6614
Listing office Bailey Properties 9119 Soquel Dr, Aptos, CA (831) 688-7434
Listing date May 20, 2026
MLS# ML82031355
Listing URL
Copyright © 2026 MLS Listings, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- 7.7 acres of usable land with SPECTACULAR VIEWS
- Two houses on the property, offering flexibility for living or rental income
- Rebuilt ICONIC BARN, suitable for various uses
- Original house (built in 1900) with charming features like fir floors and built‑ins
- Second house (built in 1962) with a unique "U" shaped floor plan, private patio, and fenced garden
- Multiple sheds and storage areas for hobbies or storage
Overview
This property features 7.7 acres of usable land with views. The original house, built in 1900, includes 3 bedrooms, 1 bathroom, fir floors, and built-ins. A front porch provides space for relaxation and wildlife viewing. The second house, built in 1962, offers 2 bedrooms and 1 bathroom with a "U" shaped floorplan that wraps around a private patio. It also includes a deck, fenced garden areas, a fireplace in the living room, new carpet, hardwood floors, a large laundry room, and a garage. A rebuilt barn is also located on the property. Additionally, there are several sheds and storage areas suitable for art, yoga, or storage. The property has two addresses.
Financial Insights
Value Estimation Calculated for Apartment 5plus
Conservative
$753.3K
NOI $67,799 @ 9.00% cap · cautious / downside scenario
Moderate
$968.6K
NOI $67,799 @ 7.00% cap · market / base-case scenario
Aggressive
$1.36M
NOI $67,799 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
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.
Calculated for Apartment 5plus
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $126.4k | $48.00 |
| − Vacancy | −$3.2k | −$1.20 |
| EGI | $123.3k | $46.80 |
| − OpEx | −$55.5k | −$21.06 |
| NOI | $67.8k | $25.74 |
2,634 SF · lease $48.00/SF/yr · vacancy 2.50% · expense 45.00%
Alternative Use Scenarios
Best Use
Apartment 5plus
$968.6K
$847.5K – $1.13M
NOI $67,799 @ 7.0% cap · market cap 5.12%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$1.51M
$1.32M – $1.76M
NOI $105,428 @ 7.0% cap · market cap 7.96%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Single family properties
Map
- City
- Watsonville
- County
- Santa Cruz
- State
- Longitude
- -121.7411
- Latitude
- 36.989784
Nearby Similar for Sale
FAQs
What type of property is this?
Single family property - Unique property with two homes, barn, and usable acreage.
Where is this single family property located?
The property is located at CORRALITOS Watsonville.
What is the asking price?
The asking price for this property is $1,325,000.
What are key features of this property?
This property features: 7.7 acres of usable land with SPECTACULAR VIEWS; Two houses on the property, offering flexibility for living or rental income; Rebuilt ICONIC BARN, suitable for various uses
