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7 Unit Apartment Complex in Downtown Watsonville | For Sale (watsonville)
23 Ford, Watsonville, CA 95076
23 Ford
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Property Address: 23 Ford St., Watsonville, CA 95076
Mahoney & Associates is pleased to present 23 Ford St, a well-positioned 7-unit apartment investment in the heart of Watsonville, California. 23 Ford Street is a well-cared-for multi-family property located within easy walking distance to downtown Watsonville’s shops, restaurants, schools, and public transportation. The property includes a five-unit main building that has been updated over the past five years, with three of those units receiving additional interior improvements—including new flooring and bathroom updates within the past year. Toward the rear of the property are two newly constructed, approximately 750 SF, 2-bedroom/2-bath units. These two units are all-electric and include solar panels and heat pump systems, with final permits issued in 2024. The site offers on-site parking, upgraded water and sewer systems, and mature landscaping, including a large heritage tree and fruit trees that have been recently maintained. Located just off Main Street, the property provides convenient access to daily services and consistent local activity, making it a practical and appealing setting for residents and long-term ownership.
Asking Price: $2,295,000
Cap Rate: 5.9%
For over 40 years Mahoney & Associates have provided the market knowledge and guidance needed to generate superior financial returns for our clients. We specialize in the leasing and sale of retail and industrial properties, office buildings, apartments, hotels/ motels, and land for development. Asset management and consulting services are also provided.We realize that the success we achieve is in direct proportion to the quality and service we provide to the client. We do not take any business for granted, and sincerely appreciate the opportunity to represent you in any and all aspects of commercial real estate.
The information contained herein has either been given to us by the owner of the herein described real property or obtained from sources we consider reliable. However, we do not represent that it is accurate or complete and it should not be relied upon as such. All of the information contained herein is subject to change without notice.
Offered By
David Baird
Sales Associate | DRE #02282077
Peter Baird
Managing Partner | DRE #00533485
Mahoney & Associates
501 Abrego St.
Monterey, CA 93940
https://www.mahoneycommercial.com/
T: (831)646-1919