10-Unit Apartment Building with
For Sale
$2,950,000
Pennsylvania, Watsonville, CA 95076
ResidentialIncome, Watsonville, CA
Property Size5,060 SF
Lot Size0.38 Acres
Price / SF$583
Days on Market170
Property Features for Pennsylvania
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
X
Parking
3
Parking features
Carport
Elementary school
PajaroValleyUnified
High school
PajaroValleyUnified
Elementary school district
PajaroValleyUnified
High school district
PajaroValleyUnified
Subdivision
Watsonville
Standard status
Active
APN
016-172-38-000
Size
5,060 SF
Lot size
0.38 Acres
Utilities
Sewer type
Public Sewer
Water source
Public
Amenities
laundry facilities onsite
covered parking
Building Details
Year built
1978
Roof type
Shingle, Composition
Listing Agency:
Real Brokerage Technologies
(619) 663-8680
Listed By:
The C Group · License #70010221
(831) 601-8936
Added: May 5
Changed: Oct 21
Last Checked: Oct 21 at 4:06PM
MLS# ML82045955
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.
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Investment Insights
Based on property information with market context.
The apartment property contains 10 residences across 5,060 square feet, including eight one-bedroom units and two two-bedroom units. Renovations cover both the interior and exterior. Unit features include open layouts, luxury vinyl flooring, and fresh paint. Shared laundry facilities and covered carport parking serve residents.
Built in 1978, the property occupies 0.38 acres in Watsonville. Public water and sewer service the site, and the roof is shingle and composition.
Built in 1978, the property occupies 0.38 acres in Watsonville. Public water and sewer service the site, and the roof is shingle and composition.
Key Highlights
- 10 apartments: eight one‑bedroom units and two two‑bedroom units
- 5,060 square feet of building area on 0.38 acres
- Interior and exterior renovation completed
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$130,244
Cap Rate
4.42%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,604,880
$2.6M
Cap Rate 7%
$1,860,629
$1.9M
Cap Rate 9%
$1,447,156
$1.4M
Market Conditions
NOI Build-Up for 5,060 SF
Gross rent
$242.9K $48.00/SF
− Vacancy
−$6.1K −$1.20/SF
EGI
$236.8K $46.80/SF
− OpEx
−$106.6K −$21.06/SF
NOI
$130.2K $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%
$2,604,880
Cap Rate 7%
$1,860,629
Cap Rate 9%
$1,447,156
Alternative Uses
Best Use
Apartment 5plus
$1.86M
$1.63M – $2.17M
NOI $130,244 @ 7.0% cap · market cap 4.42%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$2.89M
$2.53M – $3.38M
NOI $202,532 @ 7.0% cap · market cap 6.87%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Lease Details
10
Residential units
Location Intelligence
Trade Area within ½ mile
945
Businesses Nearby
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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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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Renovated residences offer a mix of one- and two-bedroom layouts, with shared laundry facilities on site.
Where is this apartment building located?
The property is located at Pennsylvania Watsonville, CA.
What is the asking price?
The asking price for this property is $2,950,000.
What are key features of this property?
This property features: 10 apartments: eight one‑bedroom units and two two‑bedroom units; 5,060 square feet of building area on 0.38 acres; Interior and exterior renovation completed
