40 Eileen Street, Watsonville, California 95076, Watsonville, 95076 - bed, bath

40 Eileen Street
Watsonville, California 95076
Property Price
SUMMARY
Analysis of 40 Eileen Street, Watsonville, California 95076 is currently available with a list price of $11,900,000. The property maintains a Tear down Condition Rating (10/100), reflecting significant deferred maintenance. This property is best suited for experienced investors or developers prepared for substantial renovation work. 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 Experienced Investors and Fix-and-Flip Specialists.
Condition Analysis
OVERALL CONDITION SCORE
Property is land value only, full reconstruction required.
The property, built in 1975 (49 years ago), is explicitly marketed for its development potential, with the MLS description noting that the existing structures 'may necessitate considerable renovation, modernization, or demolition.' The images of the existing single-family homes show significant exterior dilapidation and neglect, strongly suggesting that the interiors, including kitchens and bathrooms, are in extremely poor condition, functionally obsolete, and likely beyond economical repair for modern living. The property's value is clearly based on the land, not the existing structures.
PROSSTRENGTHS & OPPORTUNITIES
- Diverse Development Potential
The 8.58-acre R1 zoned parcel, coupled with a city supportive of housing growth, offers extensive possibilities for residential communities, specialized facilities, or a grand private estate.
- Comprehensive Utility Infrastructure
Fully serviced with public water, sewer, and PG&E, each with separate meters, significantly streamlines development and reduces initial infrastructure costs.
- Prime & Accessible Location
Located at the end of a cul-de-sac in a desirable area, offering privacy while being minutes from essential services, hospitals, commercial centers, and coastal attractions.
CONSRISKS & DEFICIENCIES
- Significant Capital Investment Required
The $11.9 million list price represents a substantial initial investment, narrowing the market to high-net-worth individuals or large development firms.
- Complex Due Diligence
The explicit requirement for buyers to verify all zoning, use potential, and build-ability suggests a potentially lengthy and costly due diligence process.
- Age of Current Improvements
The existing structures, built in 1975, may necessitate considerable renovation, modernization, or demolition, adding to the overall project budget and timeline.
About 40 Eileen Street
Rare 8.58-acre property at the end of a cul-de-sac in one of Watsonville's most desirable areas. Currently improved with three single-family homes and a detached warehouse, the land is fully serviced with public water, sewer, and PG&E utilities, each with separate meters. Zoned R1 and located in a city supportive of housing and community-oriented growth, this property offers an exceptional opportunity and flexibility. Whether envisioned as a residential housing community, private estate with room for multiple structures, a boutique vineyard, a farm, a wellness retreat, a school, a retirement community, a residential care facility, or veteran's housing - the potential is vast. Any development possibilities and uses remain entirely up to the buyers creativity and due diligence. This is not a site to limit the imagination, but to inspire your vision. The location is equally compelling: just minutes from Watsonville Community Hospital, Kaiser, PAMF, local shops and schools, Main & Green Valley commercial corridors, and the Watsonville Municipal Airport. Beaches are a short drive away, with easy access to Capitola, Santa Cruz, and Monterey, as Watsonville sits at the heart of the Monterey Bay. Buyer to verify all zoning, use potential, and build-ability with appropriate agencies.
Property Details
Public Facts
- Property Type
- Mixed Use
- Year Built
- 1975
- Lot Size
- 373,744.813 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 | 3,911 | 2,831.5 | 50% |
| Lot Size | 373,744.813 | 190,531.406 | 50% |
| Price | $11.90M | $6.53M | 50% |
| Price per sq ft | $3.0K | $1.8K | 50% |
| Built year | 1975 | 1944 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 284 | 217 | 0% |
Pricing History
Listed for Sale
May 27, 2025
$11,900,000
Initial Listing


















