140 E Riverside Drive, Watsonville, California 95076, Watsonville, 95076 - 0 bed, 0 bath
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Watsonville, California 95076
Analysis of 140 E Riverside Drive, Watsonville, California 95076 is currently available with a list price of $925,000. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Watsonville Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Property is moderate renovation needed.
The property is a 1914-built triplex that is functional but dated. While the main structure has a new roof and sewer lateral repairs, the kitchens and bathrooms show renovations likely 20-30 years old (oak cabinetry, laminate counters). The interior shows signs of heavy use as a long-term rental and requires cosmetic updates and system modernizations to meet current market standards.
The property features three standalone units with no common walls, providing tenants with superior privacy and a single-family residential feel that typically commands higher rental premiums.
With a 3-bedroom main house and two additional units (1/1 and 2/1), the layout is ideal for an owner-occupant looking to offset their mortgage or an investor seeking diversified income streams on a single parcel.
The inclusion of a new roof on the primary structure and a completed sewer lateral repair addresses two major high-cost maintenance items, reducing immediate out-of-pocket expenses for the buyer.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =7623, other record lot size in square feet = 2526.
The original home dates back to 1914, which may present challenges related to aging infrastructure, foundation settling, or outdated systems common in century-old properties.
A substantial price reduction from the original $1.029M listing suggests the property may have faced initial overvaluation or buyer hesitation regarding the overall condition and required upgrades.
Centrally located 3 unit property on 1 parcel ready for a new homeowner. No common walls. Original home was built in 1914 - 3 bedrooms and 1 bath - new roof on this structure - basement space ( currently used for storage). There are 2 stand alone homes towards the back of the property, a 1 bedroom / 1 bath and a 2 bedroom / 1 bath. Sewer lateral repair has been completed. Buyers to verify square footage, age of units and overall condition. Long time rental properties managed by a local property management company. Great potential for investment or live in 1 home and enjoy 2 income properties.
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 | 2,246 | 1,623 | 50% |
| Lot Size | 7,623 | 8,603 | 50% |
| Price | $925.0K | $912.5K | 50% |
| Price per sq ft | $412 | $656 | 50% |
| Built year | 1914 | 1937 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 62 | 63 | 50% |
Mar 28, 2026
$925,000
$1,029,000
-10% Price Drop
Initial Listing
Feb 19, 2026
$1,029,000
Initial Listing