735 Rodriguez Street, Watsonville, California 95076, Watsonville, 95076 - 0 bed, 0 bath
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735 Rodriguez Street
Watsonville, California 95076
ACTIVE
CONDITION: POOR
0Beds
0Baths
2,690Sq Ft
12,371Lot Size
Property Price
LIST PRICE$879,000
EST. MARKET VALUE
$993,046
11% BelowMARKET VALUE
SUMMARY
This triplex presents a Strong Value Opportunity with a List Price of $879,000—positioned well below the $993,047 Fair Market Value by 11%. This valuation gap offers $114,047 in Instant Equity for investors. Featuring three detached units on a 12,371 sqft lot, the property offers significant privacy and development potential. Given the Fair Condition Rating (1940 build), the asset requires capital expenditure to modernize systems. This is an ideal acquisition for Buy-and-Hold Investors or Value-Add Developers seeking long-term rental demand.
Estimated Market Value
$993,046+$114,046 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 |
|---|---|---|---|---|---|---|
★ 735 Rodriguez Street Subject | $879,000* List Price | 0 | 0 | 2,690 | $369 | - |
A 114 2nd Street Sold | $725,000 | 0 | 0 | 1,710 | $424 | 0.6 mi |
B 747 Rodriguez Street Active | $879,000 List Price | 0 | 0 | 2,997 | $293 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Poor
TeardownExcellent
Property is extensive renovation needed.
Built in 1940 with no mention of recent renovations, these units are over 80 years old and likely contain original or significantly outdated systems and interiors. The exterior shows signs of deferred maintenance, suggesting a need for a full rehab to address potential safety and structural aging.
PROSSTRENGTHS & OPPORTUNITIES
- Detached Multi-Unit Layout
The property features three detached, single-level homes rather than shared-wall units, offering tenants superior privacy and a 'single-family' feel that typically commands higher rents and lower turnover.
- Substantial Lot Size
Situated on a generous 12,371 sqft lot, the property provides excellent separation between the dwellings and offers potential for future site improvements or ADU additions, subject to local zoning.
- Established Income Stream
As a long-term rental property in a convenient Watsonville location, this triplex offers immediate cash flow and a proven track record of occupancy for investors.
CONSRISKS & DEFICIENCIES
- Aging Infrastructure
With an original build date of 1940, the structures may require significant ongoing maintenance or capital expenditures to modernize electrical, plumbing, and heating systems.
- Shared Parking Constraints
The reliance on a shared off-street parking area for three separate two-bedroom households may lead to congestion and management challenges if tenants possess multiple vehicles.
About 735 Rodriguez Street
Three detached, single-level two bedroom homes on large lot. Nice separation between homes and shared, off-street parking area. Long term rental property in convenient location.
Property Details
Public Facts
- Property Type
- Triplex
- Year Built
- 1940
- Lot Size
- 12,371 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 | 2,690 | 2,010 |
| Lot Size | 12,371 | 5,837 |
| Price | $879.0K | $860.8K |
| Price per sq ft | $327 | $543 |
| Built year | 1940 | 1935 |
| HOA | $0 | $0 |
| Days on market | 17 | 41 |
Pricing History
Listed for Sale
Aug 23, 2026
$879,000
Initial Listing