
Watsonville, California 95076
This property presents a High-Potential Investment Opportunity with a List Price of $1,000,000—positioned well below the $1,016,846 Fair Market Value by 1.68%. This valuation gap offers $16,846 in Instant Equity. Featuring a Dual-Unit Income Potential with a main 4-bedroom house and a separate 2-bedroom rental, the property maintains a Condition Rating of 4. While the vintage 1946 construction requires updates, the quiet location near Pinto Lake provides long-term stability. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking rental income.
Property is moderate renovation needed.
Built in 1946, the property shows signs of a renovation likely completed 20-25 years ago. The kitchen features dated oak cabinetry, tile countertops with wide grout lines, and older flooring. While the home appears well-maintained and functional, the finishes are aesthetically dated and systems are likely approaching the end of their typical lifecycle, fitting the criteria for a property needing updates.
The property features two separate dwellings on a single lot, including a long-term income-producing 2-bedroom rental, offering excellent flexibility for investors or multi-generational living.
Situated near the end of a low-traffic street north of Watsonville, the home provides a peaceful setting with immediate proximity to recreational activities at Pinto Lake City Park.
The primary residence offers a modern open-concept kitchen and living area along with a highly desirable ground-floor bedroom and ensuite bath, catering to a wide range of lifestyle needs.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2292, other record living area = 1495.
Built in 1946, the property may require significant updates to its core systems and finishes to meet modern energy efficiency and aesthetic standards.
With 74 days on the market, the property has seen a slower-than-average absorption rate, which could indicate underlying buyer concerns regarding price or condition.
2 homes on a 1/4 acre lot! Main house has 4 bedrooms and 2 1/2 baths including a ground floor bedroom and ensuite bath. The kitchen seamlessly connects to the dining area and living room creating an open and functional layout for relaxation and entertaining. The smaller home has been an income producing rental for decades. It includes 2 bedrooms, 1 full bath, an eat in kitchen, and a separate laundry room. Located north of Watsonville near Pinto Lake City park, this property enjoys great weather and access to many recreational opportunities. Being next to the last home on the street also means very limited traffic.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 2,292 | 2,088 | 67% |
| Lot Size | 11,828 | 11,828 | 50% |
| Price | $1.00M | $1.00M | 50% |
| Price per sq ft | $436 | $436 | 50% |
| Built year | 1946 | 1946 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 64 | 87 | 33% |
Apr 3, 2026
$1,000,000
Initial Listing