236 Locust St

Watsonville, CA 95076

$1,295,000
Price
—
Beds
—
Baths
2,300 Sq. Ft.
$563 / Sq. Ft.
2,300
Sq. Ft.
$563
per Sq. Ft.
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Description

Lowest priced 5-unit complex in Santa Cruz County. Great opportunity for investors looking for revenue & financial returns vs great neighborhoods. $109,000 in Scheduled Gross Income delivers profitable returns - 10.87 GRM and 5.88% cap rate on current rents at full price. All units were remodeled after purchase in 2017. The complex has 4 one-bedroom units and a studio. New roofs for all buildings are pending in the spring of 2026. All asphalt was redone in 2023. Future capital improvement costs are...Lowest priced 5-unit complex in Santa Cruz County. Great opportunity for investors looking for revenue & financial returns vs great neighborhoods. $109,000 in Scheduled Gross Income delivers profitable returns - 10.87 GRM and 5.88% cap rate on current rents at full price. All units were remodeled after purchase in 2017. The complex has 4 one-bedroom units and a studio. New roofs for all buildings are pending in the spring of 2026. All asphalt was redone in 2023. Future capital improvement costs are minimal for several years. The complex is close to downtown Watsonville and Highway One.
  1. Listed by Hap Albers • DRE #01006595 • Brokerage DRE #01006595 • Albers Real Estate Investment Company • 831-372-1922

Property Details for 236 Locust Street

MLS City Name
WATSONVILLE
Building Type
Other
Garage Spaces
4
Parking Spaces
3
Cross Street
W. Riverside & 2
LISTING UPDATED: 03/31/2026 01:10 PM

Property Details for 236 Locust Street

StatusActive
MLS #ML82040986
Days on Compass2
Taxes$14,761 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family 5+
MLS Type5+ Units / Five or More Units
Year Built1931
Lot Size0.20 AC / 8,886 SF
CountySanta Cruz County
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Location

Listing Courtesy of Albers Real Estate Investment Company, Hap Albers, DRE #01006595
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Building Information for 236 Locust Street

Stories-Residences-Year Built1931Building Size-Lot Size0.20 AC / 8,886 SF

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$7,751 per month

30 year fixed, 6.46% Interest

Principal and Interest

$6,521

Property Taxes

$1,230

HOA Dues

$0

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Property Information for 236 Locust Street

Features
Room Information
  • Additional Rooms: Storage
  • Kitchen: Countertop - Formica, Countertop - Granite, Exhaust Fan, Oven Range - Gas, Refrigerator
Features
  • Fireplace: No
  • Flooring: Laminate, Tile, Vinyl / Linoleum
  • Laundry: Coin Operated, Washer / Dryer
  • Living SqFt: 2300
  • Pool: No
  • Security Features: None
  • Special Features: None
Utilities
  • Cooling: None
  • Heating: Electric
  • Meters: Separate Electric, Separate Gas
  • Sewer Septic: Sewer Connected
  • Utilities: Individual Electric Meters
  • Water: Individual Water Meter
Carport and Parking
  • Carport Min: 0
Garage
  • Garage and Parking: Detached Garage, Off-Street Parking, On Street
Property Details
Homeowners Association
  • HOA Exists: 0
  • HOA Fee: $0
Property Details
  • Min Num Of Units in Complex: 5
  • Area Text: Watsonville
  • Restrictions: None
  • Roof: Flat / Low Pitch
  • Subclass: Five or More Units
  • Year Built Source: Other
  • Street Number: 236
  • Street Name: Locust
  • Street Suffix: Street
  • Area ID: 56
Lot / Property Details
Building Information
  • Number of Buildings: 2
  • Structure SqFt: 2300
  • Structure SqFt Source: Other
  • Age: 95
Development Information
  • Ownership Type: Corporation
  • Zoning Detail: General Industrial
Location Information
  • City Limits: Yes
  • Incorporated: Yes
  • Parcel Number: 017-162-17-000
  • County Name: Santa Cruz
  • City Name: WATSONVILLE
  • City Postal ID: 76
  • Postal Code: 95076
  • Elementary School District: 800
  • High School District Text: Pajaro Valley Unified
Lot Information
  • Foundation: Concrete Perimeter
  • Lot Acres: .20
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Minimum Units: Square Feet
  • Lot Size Source: Assessor
Multi Family Information
Building Information
  • No Of Leased: 5
General Information
  • Annual Tax Amount: $14,761
  • Capitalization Rate: 5.80
  • Tenant Expenses: Services - Sewer, Services - Trash Removal, Utilities - Electric, Utilities - Gas, Utilities - Heating, Utilities - Hot Water, Utilities - Water
  • Income Includes: Laundry, Rents, Other
  • Vacancy Factor: 3
Income / Expense Details
  • Expense Insurance: $6,750
  • Expense Landscape: $900
  • Expense Maintenance: $3,750
  • Expense Management: $5,450
  • Expense Trash: $2,544
  • Expenses Other: $1,285
  • Expenses Utility: $5,029
  • Expenses Total: $40,469
  • Operating Expenses Include: Fee - Property Management, Fee - Property Tax, Insurance, Maintenance, Maintenance - Repair, Services - Gardener, Services - Security, Services - Sewer, Services - Trash Removal, Utilities - Electric, Utilities - Gas, Utilities - Heat, Utilities - Water, Vacancy Factor
  • Gross Rent Multiplier: 10.87
  • Income Annual Gross: $115,598
  • Income Annual Rental: $110,400
  • Income Gross Scheduled: $119,173
  • Income Other: $8,773
Unit 1 Information
  • Unit 1 Full Bathrooms: 1
  • Unit 1 Number of Bedrooms: 1
  • Unit 1 Rent: $1,900
Unit 2 Information
  • Unit 2 Full Bathrooms: 1
  • Unit 2 Number of Bedrooms: 0
  • Unit 2 Rent: $1,500

Property History for 236 Locust Street

DateEvent & SourcePriceAppreciation
Mar 31, 2026

Listed (Active)

MLSListings #ML82040986

$1,295,000—
Mar 31, 2026

Listed (Active)

EBRD #ML82040986

$1,295,000—
Apr 13, 2016

Sold

SDMLS #ML81566133

$480,000—
Apr 13, 2016

Sold

EBRD #ML81566133

$480,000—
Apr 13, 2016

Sold

MLSListings #ML81566133

$480,000—
Mar 22, 2016

Pending

EBRD #ML81566133

—
Mar 22, 2016

Pending

MLSListings #ML81566133

—
Mar 19, 2016

Listed (Active)

EBRD #ML81566133

$499,000—
Mar 19, 2016

Listed (Active)

SDMLS #ML81566133

$499,000—
Mar 19, 2016

Listed (Active)

MLSListings #ML81566133

$499,000—
DateEvent & SourcePrice
03/31/2026

Listed (Active)

MLSListings #ML82040986

$1,295,000
03/31/2026

Listed (Active)

EBRD #ML82040986

$1,295,000
04/13/2016

Sold

SDMLS #ML81566133

$480,000
04/13/2016

Sold

EBRD #ML81566133

$480,000
04/13/2016

Sold

MLSListings #ML81566133

$480,000
03/22/2016

Pending

EBRD #ML81566133

—
03/22/2016

Pending

MLSListings #ML81566133

—
03/19/2016

Listed (Active)

EBRD #ML81566133

$499,000
03/19/2016

Listed (Active)

SDMLS #ML81566133

$499,000
03/19/2016

Listed (Active)

MLSListings #ML81566133

$499,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 236 Locust Street

This home is within Pajaro Valley Unified School District.
Rating
School
Type
Grades
Distance
Radcliff Elementary School
Public - K to 5
Rolling Hills Middle School
Public - 6 to 8
Watsonville High School
Public - 9 to 12
Ceiba College Preparatory Academy
Charter - 6 to 12
Rating
School
Distance
Radcliff Elementary School
PublicK to 5

Rolling Hills Middle School
Public6 to 8

Watsonville High School
Public9 to 12

Ceiba College Preparatory Academy
Charter6 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 236 Locust Street, Watsonville, CA 95076

236 Locust Street is for sale in Watsonville, CA 95076. This property was listed for sale on March 31, 2026 by Albers Real Estate Investment Company, it's currently listed at $1,295,000. It has been on the market for a total of 2 days and was last sold on April 13, 2016. This listing's school district is Pajaro Valley Unified School District. Nearby schools include Radcliff Elementary School, Rolling Hills Middle School and Watsonville High School. 236 Locust Street is a 0-bed, 0-bath, 2,300 sqft built in 1931.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Albers Real Estate Investment Company, Hap Albers, DRE #01006595

Based on information from one of the following Multiple Listing Services: San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.