15 Eastern Drive, Watsonville, California 95076, Watsonville, 95076 - bed, bath
15 Eastern Drive
Watsonville, California 95076
Property Price
SUMMARY
Analysis of 15 Eastern Drive, Watsonville, California 95076 is currently available with a list price of $1,250,000. 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.
Condition Analysis
OVERALL CONDITION SCORE
Property is moderate renovation needed.
Originally built in 1937, this quadruplex is functional and currently occupied by long-term tenants, indicating it has been maintained through regular upkeep. However, the property features vintage infrastructure and lacks evidence of a recent comprehensive renovation, suggesting that kitchens, bathrooms, and major systems are likely outdated and will require minor updates to meet modern standards.
PROSSTRENGTHS & OPPORTUNITIES
- Stable Rental Income
The property features four units with established, long-term tenants, providing an immediate and reliable cash flow for investors from day one.
- In-Unit Laundry Hook-ups
Each of the four units includes its own dedicated laundry room with hook-ups, a premium amenity that significantly enhances tenant satisfaction and retention.
- Versatile Detached Structure
The inclusion of a detached structure for parking or storage offers functional flexibility and the potential for additional utility or value-add opportunities.
CONSRISKS & DEFICIENCIES
- Vintage Infrastructure
Originally constructed in 1937, the property may require more frequent maintenance or capital expenditures to update aging systems and ensure modern efficiency.
- Limited Unit Diversity
The uniform 1-bedroom, 1-bathroom configuration across all units limits the target tenant demographic and may cap the maximum rental upside compared to multi-bedroom layouts.
About 15 Eastern Drive
Great Investment Opportunity! Spacious 4 unit building with long-term tenants. Each unit features: 1 bedroom / 1 bathroom, living room, kitchen and laundry room with hook-ups. Detached structure for parking or storage.
Property Details
Public Facts
- Property Type
- Quadruplex
- Year Built
- 1937
- Lot Size
- 4,661 Sq. Ft.
Interior
- Total Bedrooms
- -
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | - | - | 50% |
| Baths | - | - | 50% |
| Square foot | 2,772 | 2,330 | 50% |
| Lot Size | 4,661 | 5,859 | 50% |
| Price | $1.25M | $1.18M | 50% |
| Price per sq ft | $451 | $517 | 50% |
| Built year | 1937 | 1962 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 3 | 170 | 50% |
Pricing History
Listed for Sale
Mar 4, 2026
$1,250,000
Initial Listing