20 Marin Street, Watsonville, California 95076, Watsonville, 95076 - bed, bath
ACTIVE$979,000
20 Marin Street, Watsonville, California 95076
0Bed
0Bath
1,306Sqft
7,884Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Strong Investment Opportunity: This property is explicitly marketed as a 'Great investment opportunity' and is a solid duplex, ideal for generating residential income.
Top Cons:
Dated Interior Condition: The interior is described as 'standard for having long-term tenants,' suggesting it may be dated and require significant renovation to maximize rental potential or attract premium tenants.
Compared to the nearby listings
Price:$979.0K vs avg $979.0K (+$0)50%
Size:1,306 sqft vs avg 1,306 sqft50%
Price/sqft:$750 vs avg $58367%
More Insights
Built in 1963 (62 years old).
Condition: Built in 1963, the property's interior is significantly dated, as evidenced by the images showing very old-style kitchens and bathrooms with original or very old cabinets, laminate countertops, worn linoleum/vinyl flooring, and outdated appliances and fixtures. Carpets also appear worn. While the exterior has been recently painted and improved, the interior requires substantial rehabilitation and modernization to meet current standards, and major systems are likely at or beyond their expected lifespan given the property's age and lack of significant interior updates.
Year Built
1963
Close
-
List price
$979K
Original List price
$979K
Price/Sqft
$750
HOA
-
Days on market
-
Sold On
-
MLS number
ML82019284
Home ConditionPoor
Features
View-
About this home
Great investment opportunity! Solid Duplex in the Heart of Watsonville! Single level property with ample parking on a spacious lot. Each unit features 2 bedrooms, 1 bathroom, laundry hook-ups, carport and private yards. Fully occupied with an annual lease through July, 2026. The units are divided by a carport, making the living spaces private as the there are no shared common walls. Convenient location near Freedom Blvd and Main St. The exterior was recently improved, painted and it is in great condition. The interior is standard for having long-term tenants.
Condition Rating
Poor
Built in 1963, the property's interior is significantly dated, as evidenced by the images showing very old-style kitchens and bathrooms with original or very old cabinets, laminate countertops, worn linoleum/vinyl flooring, and outdated appliances and fixtures. Carpets also appear worn. While the exterior has been recently painted and improved, the interior requires substantial rehabilitation and modernization to meet current standards, and major systems are likely at or beyond their expected lifespan given the property's age and lack of significant interior updates.
Pros & Cons
Pros
Strong Investment Opportunity: This property is explicitly marketed as a 'Great investment opportunity' and is a solid duplex, ideal for generating residential income.
Guaranteed Rental Income: The property is fully occupied with an annual lease through July 2026, providing immediate and stable cash flow for the new owner.
Tenant Privacy & Amenities: Units are divided by a carport, ensuring no shared common walls, and each unit offers private yards, laundry hook-ups, and a carport, enhancing tenant satisfaction.
Convenient Location: Situated in the 'Heart of Watsonville' near Freedom Blvd and Main St, offering excellent access to local amenities and transportation.
Well-Maintained Exterior: The exterior was recently improved, painted, and is reported to be in great condition, reducing immediate capital expenditure for curb appeal.
Cons
Dated Interior Condition: The interior is described as 'standard for having long-term tenants,' suggesting it may be dated and require significant renovation to maximize rental potential or attract premium tenants.
Limited Immediate Rent Adjustment: The existing long-term lease until July 2026 prevents the new owner from immediately adjusting rents to market rates or undertaking major renovations that might require tenant relocation.
Age of Property: Built in 1963, the property is over 60 years old, which may imply older systems (plumbing, electrical, HVAC) that could require future maintenance or costly upgrades.