30 Paulsen Rd Watsonville, CA 95076
- Retail properties
- 1.88 lot acres
Current Use by Public Records
- Ortegas Nursery / Plant Nursery
Property Details for 30 Paulsen Rd
- Year built
- 1972
- Lot size
- 1.88 lot acres
- Zone code
- R-1-10
- Property type
- Retail properties
- APN
- 051-521-13
- APU
- 5152113
Description
This exceptional 1.88-acre parcel, located at 30 Paulsen Rd, Watsonville, CA 95076, presents a unique development opportunity. The property, identified by APN 051-521-13, is zoned R1-10, allowing for residential construction within Santa Cruz County. The General Plan designates the land as R-UL (Residential Urban Low Density). This zoning permits a range of development options, including a multi-family residential complex. Preliminary analysis suggests the potential for a two-story apartment building. Under the R-UL General Plan designation and considering applicable bonus laws (including AB1287), the site could accommodate a significant number of units. Conservative estimates indicate a potential for 19 base units, rising to 39 units with existing density and ADU bonuses, and potentially up to 50 units with the application of AB1287. This property offers substantial potential for investors seeking to capitalize on the growing demand for housing in the Watsonville area. The site's size and zoning make it an attractive proposition for developers looking to create a substantial residential development. Detailed site plans and feasibility studies are recommended to fully explore the development potential of this exceptional property. The property is held under sole ownership.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $275,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $180,000
- 6.5%
- $190,000
- 7%
- $210,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $200,000
- Geo Method
- $235,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $225,000
- Retail
- $210,000
- Mixed-Use
- $180,000
- Hospitality
- $220,000
- Educational
- $190,000
- Residential Income
- $200,000
- Energy
- $205,000
- Income-Based Land
- $225,000
- Food Service
- $195,000
Location Insight
- Map
- Local Demand
- City
- Watsonville
- County
- Santa Cruz
- State
- California
- Longitude
- -121.762
- Latitude
- 36.9552
- CBSA code
- 42100
- CBSA name
- SANTA CRUZ-WATSONVILLE, CA METROPOLITAN STATISTICAL AREA
