15 Eastern Drive, Watsonville, California 95076, Watsonville, 95076 - 0 bed, 0 bath
Loading property details...
Watsonville, California 95076
This Residential Income Quadruplex is a stable Multi-Unit Asset listed at $1,229,000, representing a market-aligned valuation near its $1,202,789 Fair Market Value. The property features four 1-bedroom units, each equipped with In-Unit Laundry Hook-ups, a private Deck, and access to a City Lights View. While maintaining a Condition Rating of 4, the 1937 construction and detached parking structure offer clear Value-Add potential through mechanical and cosmetic updates to optimize rental yields. This is an ideal portfolio addition for Buy-and-Hold Investors or Portfolio Managers seeking consistent income in Watsonville.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 15 Eastern Drive Subject | $1,229,000* List Price | 0 | 0 | 2,772 | $434 | - |
A 140 E Riverside Drive Active | $925,000 List Price | 0 | 0 | 2,246 | $412 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1937, this quadruplex appears to be maintained through regular upkeep as evidenced by the clean exterior stucco and paint. However, given its age and the lack of interior photos showing modern renovations, the property likely features outdated kitchens, bathrooms, and mechanical systems. It is functional and income-producing but shows signs of being aged and would benefit from minor updates.
This quadruplex features four 1-bedroom units with established long-term tenants, providing immediate and consistent rental income for investors looking for a turnkey portfolio addition.
Each unit is equipped with its own dedicated laundry room and hook-ups, a premium convenience that significantly enhances tenant retention and increases the property's competitive edge in the rental market.
The property includes a detached structure suitable for parking or storage, offering essential utility for tenants and potential for supplemental revenue or future value-add opportunities.
With an original build date of 1937, the property may require significant ongoing maintenance or capital expenditures to modernize older mechanical, electrical, and plumbing systems.
The uniform 1-bedroom/1-bathroom configuration restricts the target demographic to individuals or couples, offering less market flexibility than buildings with varied unit sizes or larger floor plans.
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.
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 | 2,772 | 1,886 | 50% |
| Lot Size | 4,661 | 7,122 | 50% |
| Price | $1.23M | $1.06M | 50% |
| Price per sq ft | $443 | $672 | 50% |
| Built year | 1937 | 1949 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 49 | 57 | 50% |
Apr 1, 2026
$1,229,000
$1,250,000
-2% Price Drop
Initial Listing
Mar 4, 2026
$1,250,000
Initial Listing