www.crexi.com - The Commercial Real Estate Exchange
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
28233426
28233427

23 Ford St, Watsonville, CA 95076

DB
CA 02282077
PB
CA 00533485
Mahoney & Associates
Mahoney & Associates
Listed by Mahoney & Associates
$2,100,000
219 days on market
Updated 56 days ago

7 Unit Apartment Complex in Downtown Watsonville

Details
APN 018-142-03
Property Type Multifamily
Sub Type Apartment Building
Square Footage 4,610
Net Rentable (SqFt) 4,610
Units 7
Pro-Forma Cap Rate 6.45%
Pro-Forma NOI $135,530
Price per SqFt $456
Buildings 1
Stories 2
Lot Size (SqFt) 12,284
Zoning DWSP

Multifamily | 7 Units | $300,000/unit

Marketing description

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.

Listing Contacts

DB
CA 02282077
PB
CA 00533485
Mahoney & Associates
Mahoney & Associates
Listed by Mahoney & Associates

Valuation Calculator

Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
$
$
%
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$--
$--

Valuation Metrics

0
DSCR
--
Cap Rate
--
ROI

Map

Broker Selected Comps View More Comps

Property History

Intelligence Badge

Tax History

Intelligence Badge

Similar Properties

View All

Additional Information

Name
David Baird
License
02282077
Brokerage
Mahoney & Associates
Brokerage Phone
831-646-1919
Title
Real Estate Sales Person
Brokerage Address
501 Abrego Street
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
Is there information that looks off?
For assistance, reach out to our support team at [email protected] or call 888.273.0423 . For press inquiries, contact [email protected]
Equal Housing Opportunity
5510 Lincoln Blvd #400, Los Angeles, CA 90094Commercial Real Estate Exchange, Inc.Crexi Technologies, LLCCXTechnology, LLC
© 2026 Commercial Real Estate Exchange, Inc. All Rights Reserved. DRE #02086591