113-119 Gonda St - Apartments FOR SALE


Watsonville, CA 95076
$6,500,000 USD
831-757-1270
113-119 Gonda St, Watsonville, CA for Sale
$6,500,000 USD
Apartments - FOR SALE
1/23
null | 6.46% Cap Rate

113-119 Gonda St
Watsonville, CA 95076


HIGHLIGHTS

  • 16-unit multifamily investment opportunity
  • All units are spacious 3-bedroom floorplans
  • Onsite Laundry and ample onsite parking for residents

OVERVIEW

113 Gonda Street presents a rare opportunity to acquire a 16-unit multifamily investment property located in unincorporated Monterey County near the Watsonville city limits. The property features an attractive unit mix comprised entirely of spacious three-bedroom floorplans, including a combination of 3 Bed / 2 Bath and 3 Bed / 1.5 Bath units, catering to strong family-oriented and workforce housing demand throughout the Central Coast region. The property offers onsite laundry, ample resident parking, functional layouts, and strong occupancy supported by limited housing supply and high rental demand. Large three-bedroom rental units remain limited throughout the surrounding market, positioning the property for continued demand and future rental growth. Strategically located near Highway 1, the property provides convenient access to Watsonville, Santa Cruz County, Monterey Bay, Salinas, and major employment centers. The surrounding area benefits from a diverse economic base supported by agriculture, healthcare, education, hospitality, logistics, and service industries. With desirable large-unit configurations, stable occupancy, and long-term appreciation potential in one of California’s most supply-constrained coastal housing markets, 113-119 Gonda Street represents an exceptional multifamily investment opportunity.

FOR SALE DETAILS

PRICE

$6,500,000 USD

PRICE/SF

$380 USD /SF

# OF UNITS

16

PRICE/UNIT

$406,250

CAP RATE

6.46%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Gonda Street Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1989

PARKING SPACES

32

LAND DETAILS

LAND ACRES

0.8 AC

LAND SF

34,848 SF

ZONING

RM

APN/PARCEL ID

117-371-011-000

ASK ABOUT THIS PROPERTY

Amy SalminaCoast & Valley Properties, Inc.More Info
831-757-1270

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Amy SalminaCoast & Valley Properties, Inc.More Info
831-757-1270

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.