40 Tharp Avenue, Watsonville, California 95076, Watsonville, 95076 - 0 bed, 0 bath
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40 Tharp Avenue
Watsonville, California 95076
ACTIVE
CONDITION: FAIR
0Beds
0Baths
1,768Sq Ft
7,536Lot Size
Property Price
LIST PRICE$759,000
EST. MARKET VALUE
$783,625
3% BelowMARKET VALUE
SUMMARY
This Residential Income Duplex presents a Prime 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 a Fair Condition Rating (1939 build), the property offers significant value-add potential through modernization. Its dual-unit configuration provides superior privacy and rental versatility. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a house-hacking 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 |
|---|---|---|---|---|---|---|
★ 40 Tharp Avenue Subject | $759,000* List Price | 0 | 0 | 1,768 | $443 | - |
A 36 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 significantly older than the 20-year threshold for dated condition. While the exterior shows some maintenance like vinyl windows, the lack of mentioned interior renovations suggests the kitchens, bathrooms, and core systems are likely dated and will require minor repairs or modernization to meet current standards.
PROSSTRENGTHS & OPPORTUNITIES
- Dual-Unit Configuration
The property features two separate, single-level homes rather than a shared-wall duplex, providing superior privacy and appeal for both tenants and owner-occupants.
- Investment Versatility
With two distinct 2-bedroom units, the property offers excellent flexibility for rental income, multi-generational living, or a 'house-hacking' strategy.
- Portfolio Expansion Potential
The availability of the adjacent property for sale presents a rare opportunity for investors to acquire contiguous lots and increase their footprint in the neighborhood.
CONSRISKS & DEFICIENCIES
- Vintage Infrastructure
Built in 1939, the property likely requires ongoing maintenance or capital improvements to modernize aging systems and ensure long-term structural efficiency.
- Compact Unit Size
Totaling 1,768 square feet across two units, the individual living spaces are relatively small, which may limit appeal for larger families or tenants seeking spacious interiors.
About 40 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 ren out the other. Adjacent property is also for sale.
Property Details
Public Facts
- Property Type
- Duplex
- Year Built
- 1939
- Lot Size
- 7,536 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 | 7,536 | 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