Bought with Rigo Bracamontes • Intero R E Services
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Key Details
Sold Price $1,600,000
Property Type Multi-Family
Sub Type Triplex
Listing Status Sold
Purchase Type For Sale
Square Footage 4,848 sqft
Price per Sqft $330
MLS Listing ID ML81925388
Bedrooms 6
Full Baths 5
Half Baths 2
Year Built 1969
Lot Size 0.322 Acres
Property Sub-Type Triplex
Property Description
The vacant lot at 203 Brennan provides a tremendous opportunity to build (2) 3-bedroom ADUs. All units have been recently renovated and leased at market rates. Contact listing agent for marketing package. Since the onset of the COVID-19 Pandemic, Santa Cruz County has been injected with mass migration from the Silicon Valleys remote workforce. In turn, countywide rents have skyrocketed 18.4%. As renters keep getting priced out of more expensive sub-markets in and around the City of Santa Cruz, demand continues pushing south to more affordable areas like Watsonville. This rental demand surge has pushed vacancy rates to 0.5%. Just one from Downtown Watsonvilles Main Street, and alongside the proposed Santa Cruz Rail/Rail Trail corridor, this property is poised to capture every bit of the markets forecasted appreciation.
Location
State CA
County Santa Cruz
Area Watsonville
Zoning RM-3
Interior
Heating Fireplace , Wall Furnace
Cooling None
Flooring Vinyl / Linoleum
Exterior
Exterior Feature Back Yard, Balcony / Patio
Parking Features Carport , Common Parking Area
Utilities Available Individual Electric Meters, Individual Gas Meters, Public Utilities
Roof Type Composition
Building
Story 2
Foundation Post and Pier
Sewer Sewer - Public
Water Public
Others
Special Listing Condition Not Applicable
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