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Watsonville, CA

$4,300,000

344 Pennsylvania Drive, Watsonville, CA
0
Baths
1965
Built
31
Days listed

About this home

This property is an exceptional 8-unit investment opportunity in Watsonville. This well-maintained property features seven spacious 2-bedroom, 1-bath units and one 3-bedroom, 2-bath unit, offering strong tenant appeal and a proven rental history. Completely renovated in 2025, this property was rebuilt from the studs out with extensive upgrades including new drywall, plumbing, electrical systems, new roofs, modern kitchens with gas cook tops, quartz counter tops, and new cabinetry. Beautifully updated bathrooms with tub and over head shower. Bedrooms are ample sized with large closet area. Built -in storage cabinets in hallway. Luxury plank flooring (LPF) throughout all units. Ground floors have individuals private back yards of various sizes. Upper units have balconies. Conveniently located distance to Target, Home Depot, shopping, dining, and everyday amenities. The property also benefits from an elementary school right on the corner and easy access to downtown Watsonville and HWY 17 For investors seeking a turnkey asset with significant capital improvements already completed, this is a rare opportunity to acquire a fully renovated, income-producing property in a highly desirable location. All units are at current market rates with all utilities paid by tenants.

Facts & features

Interior
Bathrooms
0
Heating
Wall Furnace
Cooling
None
Laundry
None
Exterior & lot
Lot size
0.301 acres (13,112 sq ft)
Year built
1965
Parking spaces
11
Community
Area
699 - Not Defined
County
Santa Cruz
Listing details
Status
Active
Property type
Commercial Sale
Days on market
31
Listed
2026-06-19
Parcel #
01633121000
MLS #
ML82051650
Listed by
Jo Ellen Smith · Bailey Properties

Location

Price history

Listed
$4,300,000 · 2026-06-19
Days on market
31
Current price
$4,300,000
Financing

Could this home be yours?

Estimated monthly payment
$26,975
$21,743 principal & interest · $5,232 taxes & insurance
$860,000
Estimate only
Loan $3,440,000

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Listing data provided by CRMLS

Listing courtesy of Bailey Properties. © 2026. The multiple listing data appearing on this website is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the consumer may be interested in purchasing. All data, including but not limited to all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed. Last updated July 26, 2026 Equal Housing Opportunity.

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