$1,600,000
$1,645,000
2.7%For more information regarding the value of a property, please contact us for a free consultation.
4,848 SqFt
SOLD DATE : 06/15/2023
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
Sold Date 06/15/23
HOA Y/N No
Year Built 1969
Annual Tax Amount $19,322
Lot Size 0.322 Acres
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 699 - Not Defined
Zoning RM-3
Interior
Heating Fireplace(s), Wall Furnace
Cooling None
Fireplace No
Exterior
Parking Features Carport
Carport Spaces 3
View Y/N No
Roof Type Composition
Accessibility None
Total Parking Spaces 6
Building
Story 2
Sewer Public Sewer
Water Public
Schools
School District Other
Others
Tax ID 01815111000
Financing Cash
Special Listing Condition Standard
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Bought with Rigo Bracamontes • Intero R E Services