
Watsonville, California 95076
Analysis of 40 Eileen Street, Watsonville, California 95076 is currently available with a list price of $11,900,000. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. 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 both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Property is moderate renovation needed.
The property, built in 1975, consists of three single-family homes and a warehouse that serve as functional but dated improvements on a large 8.58-acre lot. While the structures appear well-maintained and habitable, they lack modern renovations, featuring 1970s-era architectural styles, original-grade fixtures, and aged systems. The high list price reflects the land's significant development potential rather than the premium condition of the existing interiors, which show typical wear and outdated aesthetics consistent with the 'fair' category.
Spanning 8.58 acres with R1 zoning and city support for growth, this rare parcel offers immense flexibility for a residential community, private estate, or specialized institutional use.
The property is fully serviced with public water, sewer, and PG&E, featuring separate meters for the three existing homes and warehouse, which significantly lowers initial development barriers.
Situated at the end of a quiet cul-de-sac, the site provides privacy while remaining minutes from major medical centers, commercial corridors, and the Watsonville Municipal Airport.
All future development and build-ability are subject to buyer due diligence and agency approval, which may involve complex permitting processes depending on the intended use.
The significant list price combined with the age of existing structures (built in 1975) necessitates substantial upfront investment and sophisticated planning to maximize the property's value.
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.
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 | 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 | 330 | 263 | 0% |
May 27, 2025
$11,900,000
Initial Listing