355 Corralitos Road, Watsonville, California 95076, Watsonville, 95076 - bed, bath
ACTIVE$2,598,000
355 Corralitos Road, Watsonville, California 95076
0Bed
0Bath
1,980Sqft
24,176Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Exceptional Income/Multi-Generational Potential: The property features three distinct, fully remodeled homes (a 3-bedroom, 2-bath main house and two separate 1-bedroom, 1-bath units, each with its own laundry), offering significant rental income or multi-generational living opportunities.
Top Cons:
Age of Original Structure: Despite extensive remodels, the main structure dates back to 1925, which could present challenges with older foundations, unforeseen structural issues, or potentially higher insurance premiums over time.
Compared to the nearby listings
Price:$2.60M vs avg $1.10M (+$1,498,000)67%
Size:1,980 sqft vs avg 1,888 sqft67%
Price/sqft:$1.3K vs avg $58367%
More Insights
Built in 1925 (100 years old).
Condition: Despite being built in 1925, the property has undergone an extensive and beautiful remodel across all three homes. The listing explicitly states new windows, copper plumbing, new drains, vents, a new electrical system, a new forced air furnace, new wood floors, a new water heater, new cabinets, new appliances, sinks, counters, and new paint inside and out. This comprehensive renovation means all major systems and cosmetic features are new or virtually new, meeting current quality standards. The exterior images also show a pristine, recently updated appearance, supporting the 'excellent' condition.
Year Built
1925
Close
-
List price
$2.6M
Original List price
$3M
Price/Sqft
$1,312
HOA
-
Days on market
-
Sold On
-
MLS number
ML81962253
Home ConditionExcellent
Features
Good View: Orchard
ViewOrchard
About this home
One Of A Kind Watsonville Estate! Exceptional & Exquisite Multi-family Home, in the desirable Corralitos community awaits you. Located in the heart of it all, just minutes to Corralitos Market, quaint restaurants, and many local wineries and breweries. This multi-home is perfect for the growing family, expanded family, or savvy investor. The main home is 3 bedrooms 2 baths, 2 car garage, and Wine Cellar, the other two private homes are 1 bedroom, and 1 bath, each with its own laundry room, and all beautifully done with lots of parking and gated area. All three homes have been beautifully remodeled, new windows, copper plumbing, new drains, vents, new electrical system, new forced air furnace, new wood floors, new water heater, new cabinets, new appliances, sinks, counters new paint inside and out and so much more. Some much potential, it could be a Daycare, School, Conference Center and more. Seller financing may be available
Condition Rating
Excellent
Despite being built in 1925, the property has undergone an extensive and beautiful remodel across all three homes. The listing explicitly states new windows, copper plumbing, new drains, vents, a new electrical system, a new forced air furnace, new wood floors, a new water heater, new cabinets, new appliances, sinks, counters, and new paint inside and out. This comprehensive renovation means all major systems and cosmetic features are new or virtually new, meeting current quality standards. The exterior images also show a pristine, recently updated appearance, supporting the 'excellent' condition.
Pros & Cons
Pros
Exceptional Income/Multi-Generational Potential: The property features three distinct, fully remodeled homes (a 3-bedroom, 2-bath main house and two separate 1-bedroom, 1-bath units, each with its own laundry), offering significant rental income or multi-generational living opportunities.
Extensive & High-Quality Remodel: All three homes have undergone comprehensive, high-quality renovations including new windows, copper plumbing, electrical, forced air furnace, wood floors, water heaters, cabinets, appliances, and paint, minimizing immediate capital expenditures for a new owner.
Versatile Commercial/Institutional Use Potential: The property's stated potential for use as a Daycare, School, or Conference Center adds significant value and broadens its appeal beyond traditional residential buyers, suggesting flexible zoning or suitable layout.
Desirable Corralitos Location: Situated in the sought-after Corralitos community, the property offers proximity to local markets, quaint restaurants, and many local wineries and breweries, enhancing lifestyle appeal and potential for appreciation.
Significant Price Reduction & Seller Financing Option: A substantial $400,000 price reduction from the original listing, coupled with the availability of seller financing, provides a strong incentive and increased accessibility for potential buyers.
Cons
Age of Original Structure: Despite extensive remodels, the main structure dates back to 1925, which could present challenges with older foundations, unforeseen structural issues, or potentially higher insurance premiums over time.
High Price Point for Watsonville Market: The current list price of $2.598 million, while reduced, represents a significant investment for the Watsonville area, potentially limiting the pool of qualified buyers, especially for an income property where cap rates are a key consideration.
Limited Square Footage per Unit: With 1980 total square feet distributed across three units, the individual living spaces may be relatively compact, which could be a drawback for tenants or multi-generational families seeking more expansive interiors.