23 Ford St - Apartments FOR SALE


Watsonville, CA 95076
$2,295,000 USD
805-305-0966
23 Ford St, Watsonville, CA for Sale
$2,295,000 USD
Apartments - FOR SALE
1/18
null | 5.91% Cap Rate

23 Ford St
Watsonville, CA 95076


OVERVIEW

Mahoney & Associates is pleased to present 23 Ford St, a well-positioned 7-unit apartment investment in the heart of Watsonville, California. 23 Ford Street is a well-cared-for multi-family property located within easy walking distance to downtown Watsonville’s shops, restaurants, schools, and public transportation. The property includes a five-unit main building that has been updated over the past five years, with three of those units receiving additional interior improvements—including new flooring and bathroom updates within the past year. Toward the rear of the property are two newly constructed, approximately 750 SF, 2-bedroom/2-bath units. These two units are all-electric and include solar panels and heat pump systems, with final permits issued in 2024. The site offers on-site parking, upgraded water and sewer systems, and mature landscaping, including a large heritage tree and fruit trees that have been recently maintained. Located just off Main Street, the property provides convenient access to daily services and consistent local activity, making it a practical and appealing setting for residents and long-term ownership.

FOR SALE DETAILS

PRICE

$2,295,000 USD

PRICE/SF

$498 USD /SF

# OF UNITS

7

PRICE/UNIT

$327,857

CAP RATE

5.91%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

7 Unit Apartment Complex in Watsonville

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1922

PARKING SPACES

15

LAND DETAILS

LAND ACRES

0.28 AC

LAND SF

12,197 SF

ZONING

DWSP

APN/PARCEL ID

018-142-03-000

ASK ABOUT THIS PROPERTY

David BairdMahoney & AssociatesMore Info
805-305-0966

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David BairdMahoney & AssociatesMore Info
805-305-0966

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