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119 Ford Street, Watsonville, California 95076, Watsonville, 95076 - bed, bath

119 Ford Street, Watsonville, California 95076 home-pic-0
ACTIVE UNDER CONTRACT$1,539,000
119 Ford Street, Watsonville, California 95076
0Bed
0Bath
2,623Sqft
15,551Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Immediate Rental Income: The property consists of three tenant-occupied units, providing immediate and consistent rental income for an investor.
Top Cons:
Age of Property: Built in 1889, the property is very old, which may lead to higher long-term maintenance costs, potential for unforeseen structural issues, or outdated systems despite recent upgrades.

Compared to the nearby listings

Price:$1.54M vs avg $1.10M (+$439,000)67%
Size:2,623 sqft vs avg 1,888 sqft67%
Price/sqft:$587 vs avg $58367%

More Insights

This property has been on the market for 237 days.
Built in 1889 (136 years old).
Condition: Despite being built in 1889, this multi-unit property has undergone extensive and recent renovations across all three units. The kitchens and bathrooms are fully updated with modern finishes, including white shaker cabinets, dark countertops, subway tile backsplashes, stainless steel appliances, and contemporary fixtures. Interiors feature new LVP flooring, fresh paint, recessed lighting, and newer vinyl windows, presenting a virtually new living space. The listing also notes electrical system improvements, addressing a critical component in an older structure. The property shows no signs of deferred maintenance in the renovated areas and meets current quality standards.
Year Built
1889
Close
-
List price
$1.54M
Original List price
$1.56M
Price/Sqft
$587
HOA
-
Days on market
237 Days
Sold On
2025-07-11
MLS number
ML81986827
Home ConditionExcellent
Features
Deck
View-

About this home

This well-maintained, multi-unit property at 119 Ford St offers excellent investment potential in the heart of downtown Watsonville. Situated on a huge lot, this property consists of three tenant-occupied units, providing immediate rental income, with the possibility of expanding further by adding additional units (buyer to verify with the city). The seller has made numerous upgrades, including electrical system improvements, landscaping enhancements, and various repairs throughout to maintain the property's value and functionality. The spacious lot offers a variety of possibilities, whether you're looking to keep the existing units, expand the current buildings, or build new structures to maximize rental income. Located in a convenient, walkable area of downtown Watsonville, this property is close to local amenities, shops, restaurants, schools, and public transportation, making it a prime location for renters and future development. With a mix of charm and growth potential, 119 Ford St is an excellent opportunity for investors seeking a solid income-producing property with room for future growth. Don't miss out on this rare offering!

Condition Rating
Excellent
Despite being built in 1889, this multi-unit property has undergone extensive and recent renovations across all three units. The kitchens and bathrooms are fully updated with modern finishes, including white shaker cabinets, dark countertops, subway tile backsplashes, stainless steel appliances, and contemporary fixtures. Interiors feature new LVP flooring, fresh paint, recessed lighting, and newer vinyl windows, presenting a virtually new living space. The listing also notes electrical system improvements, addressing a critical component in an older structure. The property shows no signs of deferred maintenance in the renovated areas and meets current quality standards.
Pros & Cons

Pros

Immediate Rental Income: The property consists of three tenant-occupied units, providing immediate and consistent rental income for an investor.
Significant Development Potential: Situated on a huge 15,551 sqft lot, there is substantial potential for expanding existing units, adding new structures, or further development to maximize rental income (subject to city verification).
Prime Downtown Location: Located in the heart of downtown Watsonville, offering convenient and walkable access to local amenities, shops, restaurants, schools, and public transportation, enhancing renter appeal.
Recent Upgrades and Maintenance: The seller has made numerous upgrades, including electrical system improvements, landscaping enhancements, and various repairs, indicating a well-maintained property.
Solid Investment Opportunity: Positioned as an excellent opportunity for investors seeking an income-producing property with considerable room for future growth and value appreciation.

Cons

Age of Property: Built in 1889, the property is very old, which may lead to higher long-term maintenance costs, potential for unforeseen structural issues, or outdated systems despite recent upgrades.
Uncertainty of Expansion Potential: The possibility of adding additional units requires buyer verification with the city, indicating potential regulatory hurdles, costs, and time delays that are not guaranteed.
Extended Days on Market & Price Reduction: With 237 days on market and a recent price reduction, the property may have faced challenges in attracting buyers at its initial price, potentially indicating market resistance or perceived overvaluation.

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