251-255 Lake Ave Watsonville, CA 95076
This exceptional investment property, located at 251-255 E Lake Avenue in Watsonville, California, presents a compelling opportunity for discerning investors. Situated on a sizable 0.42-acre lot, this multi-family property offers significant potential for growth and strong returns. The property's address is 251-255 E Lake Avenue. While the precise square footage is currently unavailable, the substantial lot size suggests a considerable building footprint. The asking price for this promising investment is $1,750,000. Given its location in Watsonville, a vibrant and growing community, this property is well-positioned to benefit from increasing rental demand and appreciation in property values. The multi-family nature of the property provides inherent diversification and potential for long-term rental income. Further due diligence is encouraged to fully assess the property's potential and to confirm all details. This is a rare opportunity to acquire a well-located multifamily property in a desirable California market. Serious inquiries are welcome. The property is offered as-is. All interested parties are responsible for conducting their own independent inspections and verifying all information provided.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.