36 Tharp Avenue, Watsonville, California 95076, Watsonville, 95076 - 0 bed, 0 bath
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36 Tharp Avenue
Watsonville, California 95076
ACTIVE
CONDITION: FAIR
0Beds
0Baths
1,768Sq Ft
7,492Lot Size
Property Price
LIST PRICE$759,000
EST. MARKET VALUE
$783,625
3% BelowMARKET VALUE
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $759,000—positioned well below the $783,625 Fair Market Value by 3%. This valuation gap offers $24,625 in Instant Equity. Featuring two separate homes on a single lot with a Fair Condition Rating, the property requires updates to aging infrastructure. The layout provides excellent privacy, making it a strategic Dual-Income Asset for Buy-and-Hold Investors or Owner-Occupants seeking a house-hack strategy in a stable neighborhood.
Estimated Market Value
$783,625+$24,625 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Watsonville.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 36 Tharp Avenue Subject | $759,000* List Price | 0 | 0 | 1,768 | $443 | - |
A 40 Tharp Avenue Active | $759,000 List Price | 0 | 0 | 1,768 | $429 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 1939, this property is well beyond the 20-year threshold for dated status. While the exterior appears maintained and the listing suggests it is a functional rental, the age indicates that the kitchens, bathrooms, and core systems (HVAC/Electric) are likely dated and will require updates to meet modern standards.
PROSSTRENGTHS & OPPORTUNITIES
- Dual-Income Potential
The property features two separate single-level homes on one lot, offering an ideal setup for multi-generational living or a high-yield rental investment strategy.
- Privacy-Focused Layout
With garage units positioned in the center of the property, the two residences enjoy significant separation and privacy, a rare and desirable feature for multi-unit dwellings.
- Portfolio Expansion Opportunity
The availability of the adjacent property for sale presents a unique opportunity for investors to scale their footprint and acquire a larger contiguous land holding in a nice neighborhood.
CONSRISKS & DEFICIENCIES
- Vintage Construction
Built in 1939, the property may require significant capital improvements to its aging infrastructure and systems to meet modern efficiency and safety standards.
- Compact Living Areas
With a total of 1,768 square feet split between two 2-bedroom homes, the individual units offer relatively modest living spaces that may limit appeal for tenants or owners seeking larger rooms.
About 36 Tharp Avenue
Two separate, single level, two-bedroom homes on the same lot. Good separation with garage units in the center of the property. Nice neighborhood. Excellent rental property or live in one and rent out the other. Adjacent property is also for sale.
Property Details
Public Facts
- Property Type
- Duplex
- Year Built
- 1939
- Lot Size
- 7,492 Sq. Ft.
Interior
- Total Bedrooms
- 0
- 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 |
|---|---|---|
| Beds | 0.0 | 0.0 |
| Baths | 0.0 | 0.0 |
| Square foot | 1,768 | 2,010 |
| Lot Size | 7,492 | 5,837 |
| Price | $759.0K | $860.8K |
| Price per sq ft | $429 | $543 |
| Built year | 1939 | 1935 |
| HOA | $0 | $0 |
| Days on market | 17 | 41 |
Pricing History
Listed for Sale
Aug 23, 2026
$759,000
Initial Listing