Sold

207 Brennan ST

WATSONVILLE CA, 95076

$3,100,000


$598.80 per sqft

Sold

5,177 sqft

Multi-family

Built in 1965

Listed by Redwood Property Company, Nick Oliver, Listing Contact: 8312750025

The subject property provides a rare opportunity to acquire a value-add multifamily property with significant upside in rent potential. The property is in a prime location in the heart of Downtown Watsonville just one block off of Main Street. Light interior upgrades will afford investors the opportunity to capture significant increase in rental income. Since the onset of the COVID-19 Pandemic, Santa Cruz County has been injected with mass migration from the Silicon Valleys remote workforce. In turn, countywide rents have skyrocketed 18.4%. As renters keep getting priced out of more expensive sub-markets in and around the City of Santa Cruz, demand continues pushing south to more affordable areas like Watsonville. This rental demand surge has pushed vacancy rates to 0.5% Download Offering Memorandum Here: https://www.redwoodpropertyco.com/207brennan

ML81895903

MLS ID

June 11, 2022

Listed

May 9, 2024

Updated

Map

207 Brennan ST
WATSONVILLE CA, 95076

Interior Features

Fireplace

No


Cooling

No


Heating

No

Exterior/Building Features

Lot Size

0.17 Acres


Roof

Shingle


Sewer

Public Sewer

School Information

School District

800

Other Property Details

Area Name

Watsonville


Garage

No


View

No


County

Santa Cruz


Water Source

Public


Pool

No


Zoning

RM3


Buyer Agency Compensation

2.5%

Listed by Redwood Property Company, Nick Oliver,
Listing Contact: 8312750025 

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Data last updated 4:54 AM UTC, 5/9/2024

 

 

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