
Watsonville, California 95076
This property presents a High-Potential Investment Opportunity with a List Price of $777,000—positioned well below the $761,638 Fair Market Value by -2%. Currently in a Condition Rating of 5, the home is a shell down to the studs, requiring a full interior and exterior build-out. However, with a new roof, updated plumbing, and 200-amp electrical service, the heavy infrastructure is complete. This project is ideal for Fix-and-Flip Investors or Contractors seeking to leverage the flexible 4-bedroom reverse floor plan and scenic city light views.
Property is extensive renovation needed.
The property is currently a mid-renovation shell that has been taken down to the studs. It lacks a kitchen, bathrooms, drywall, and siding. While it features a new roof and updated plumbing/electrical systems, it is currently unlivable and requires a full rehab to be completed.
The property features essential high-cost improvements already in progress, including a new roof, new plumbing, and a 200-amp electrical service permit, providing a solid foundation for completion.
With nearly 2,000 sqft of living space and a 4-bedroom layout split across two levels, the home offers excellent versatility for families, guests, or dedicated home office needs.
The sloped lot provides distinct outdoor zones and city light views, complemented by a detached two-car garage and a bonus storage shed/studio that adds significant functional value.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1984, other record living area = 1584. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 3.
Currently down to the studs with no siding, drywall, or appliances, the property requires a total interior and exterior build-out before it can be occupied.
The 'under construction' status necessitates specialized financing or cash, and requires the buyer to navigate the complexities of verifying permits and plans to ensure project completion.
Under Construction! Contractors, investors, and visionaries- this is your opportunity to complete a substantial renovation in a desirable setting. Much of the heavy lifting has already begun, including a new roof, new plumbing, and electrical upgrades with a 200-amp service permit ready to complete. The home has been taken down to the studs and is ready for your design and finishes, with NO siding, drywall, cabinetry, appliances, or landscaping currently in place. The reverse floor plan offers flexibility with 4 bedrooms (2 upstairs and 2 downstairs), creating space for family, guests, or a home office. The sloped lot provides two distinct outdoor areas, including a sunny lower yard with city light views. Reimagine the street-level entry with a welcoming deck or recreate the former bridge access to the upper level. A detached two-car garage, good parking, and a large storage shed/studio add to the property's potential. Bring your contractor and your imagination to create a custom home tailored to your style. This is a rare chance to purchase below replacement cost and finish a home exactly the way you want it. Buyer to verify permits, plans, and development potential.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 2.4 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,984 | 1,198.231 |
| Lot Size | 7,144 | 6,133.615 |
| Price | $777.0K | $816.1K |
| Price per sq ft | $392 | $618 |
| Built year | 1978 | 1966 |
| HOA | $0 | $320 |
| Days on market | 21 | 57 |
Aug 19, 2026
$777,000
Initial Listing
Jul 15, 2021
$750,000
Public Record