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344 Pennsylvania Dr
Watsonville, CA 95076

$4,300,000 USD

Apartments For Sale • 6,048 SF

Property Details

Property Type Apartments
Total Building Size 6,048 SF
Lot Size 0.3 AC
Building Class C
Year Built 1965
Cap Rate 6.81 %
Zoning RM-3 (Medium Density Resi

30 Transit Score

50 Walk Score

                
                    Highlights
                
                                Complete 2024 Studs-Out Renovation
                            
                                Strong In-Place Income with Market Rents
                            
                                Desirable Unit Mix and High-Demand Location
                            
                                Potentially zoned for up to 16 units

Financial Summary (Actual)

Net Operating Income: $292,800 USD (2026)

Cap Rate:	6.81 %
Total Expenses:	$34,800 USD

Amenities

Heating
Trash Pickup - Curbside
Eat-in Kitchen
Kitchen
Refrigerator
Oven
Stainless Steel Appliances
Range
Tub/Shower
Double Pane Windows
Family Room
Vinyl Flooring
Smoke Detector
Walk-Up

Public Transportation

Airport	Drive	Walk	Distance
Monterey Regional	37 min	-	28.6 mi
Norman Y Mineta San Jose International	62 min	-	46.5 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	8
Type:	SurfaceTandem
Included in Rent:	Yes

Tim Bowers 831-438-2300 California Regional MLS (CRMLS)

344 Pennsylvania Dr Watsonville, CA 95076