119 Ford Street

Watsonville, CA 95076

$1,565,000
Price
Beds
2,623 Sq. Ft.
$597 / Sq. Ft.
2,623
Sq. Ft.
$597
per Sq. Ft.

Description

This well-maintained, multi-unit property at 119 Ford St offers excellent investment potential in the heart of downtown Watsonville. Situated on a huge lot, this property consists of three tenant-occupied units, providing immediate rental income, with the possibility of expanding further by adding additional units (buyer to verify with the city). The seller has made numerous upgrades, including electrical system improvements, landscaping enhancements, and various repairs throughout to maintain the...This well-maintained, multi-unit property at 119 Ford St offers excellent investment potential in the heart of downtown Watsonville. Situated on a huge lot, this property consists of three tenant-occupied units, providing immediate rental income, with the possibility of expanding further by adding additional units (buyer to verify with the city). The seller has made numerous upgrades, including electrical system improvements, landscaping enhancements, and various repairs throughout to maintain the property's value and functionality. The spacious lot offers a variety of possibilities, whether you're looking to keep the existing units, expand the current buildings, or build new structures to maximize rental income. Located in a convenient, walkable area of downtown Watsonville, this property is close to local amenities, shops, restaurants, schools, and public transportation, making it a prime location for renters and future development. With a mix of charm and growth potential, 119 Ford St is an excellent opportunity for investors seeking a solid income-producing property with room for future growth. Don't miss out on this rare offering!
  1. Listed by Santiago Renteria • DRE #01777299 • Brokerage DRE #01954816 • Aldina Real Estate,Inc. • 831-818-2132

Property Details for 119 Ford Street

MLS City Name
WATSONVILLE
Building Type
TRIPLEX
Style
Traditional
Garage Spaces
2
Parking Spaces
3
Cross Street
Main St
LISTING UPDATED: 11/16/2024 09:54 AM

Property Details for 119 Ford Street

StatusActive
MLS #ML81986827
Days on Compass1
Taxes$15,420 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeRESIDENTIAL INCOME / TRIPLEX
Year Built1889
Lot Size0.36 AC / 15,551 SF
CountySanta Cruz County

Building Information for 119 Ford Street

Stories-Residences3Year Built1889Building Size-Lot Size0.36 AC / 15,551 SF

Property Information for 119 Ford Street

Features
External Links
Room Information
  • Kitchen: Oven Range - Gas, Refrigerator
Features
  • Fireplace: No
  • Laundry: Hookups Only
  • Living SqFt: 2623
  • Pool: No
  • Security Features: None
  • Special Features: None
Utilities
  • Cooling: None
  • Heating: Gas
  • Meters: Separate Electric, Separate Gas, Separate Other, Separate Water
  • Sewer Septic: Sewer - Public
  • Utilities: Public Utilities
  • Water: Public
Carport and Parking
  • Carport Min: 0
Garage
  • Garage and Parking: Detached Garage, On Street, Off-Street Parking
Property Details
Homeowners Association
  • HOA Exists: 0
  • HOA Fee: $0
Property Details
  • Area Text: Watsonville
  • Roof: Composition
  • Subclass: Triplex
  • Year Built Source: Assessor
  • Street Number: 119
  • Street Name: Ford
  • Street Suffix: Street
  • Area ID: 56
Lot / Property Details
Building Information
  • Number of Buildings: 3
  • Structure SqFt: 2623
  • Structure SqFt Source: Assessor
  • Age: 135
Development Information
  • Construction Type: Wood
  • Ownership Type: Individual
  • Zoning Detail: Multi Unit
Location Information
  • City Limits: Yes
  • Directions: Going North bound on Main St, make a left on Ford St.
  • Incorporated: Yes
  • Parcel Number: 018-141-04-000
  • County Name: Santa Cruz
  • City Name: WATSONVILLE
  • City Postal ID: 76
  • Postal Code: 95076
  • Elementary School District: 800
  • High School District Text: Pajaro Valley Unified
Lot Information
  • Foundation: Concrete Perimeter
  • Horse Property: No
  • Lot Acres: .36
  • Lot Description: Grade - Mostly Level
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Minimum Units: Square Feet
  • Lot Size Source: Assessor
Multi Family Information
Building Information
  • No Of Leased: 2
General Information
  • Annual Tax Amount: $15,420
  • Building Unit Total: 3
  • Capitalization Rate: 4.45
  • Tenant Expenses: Utilities - Electric, Utilities - Gas
  • Income Includes: Rents
  • Vacancy Factor: 2
Income / Expense Details
  • Expense Insurance: $3,648
  • Expense Landscape: $0
  • Expense Maintenance: $0
  • Expense Management: $0
  • Expense Trash: $1,482
  • Expenses Other: $1,990
  • Expenses Utility: $1,236
  • Expenses Total: $23,776
  • Operating Expenses Include: Services - Sewer, Services - Trash Removal, Utilities - Water
  • Gross Rent Multiplier: 16.40
  • Income Annual Gross: $94,446
  • Income Annual Rental: $95,400
  • Income Gross Scheduled: $95,400
  • Income Other: $0
Unit 1 Information
  • Unit 1 Full Bathrooms: 1
  • Unit 1 Half Bathrooms: 1
  • Unit 1 Number of Bedrooms: 2
  • Unit 1 Rent: $3,250
Unit 2 Information
  • Unit 2 Approx Square Footage: 665
  • Unit 2 Full Bathrooms: 1
  • Unit 2 Number of Bedrooms: 2
  • Unit 2 Rent: $1,650
Unit 3 Information
  • Unit 3 Approx Square Footage: 907
  • Unit 3 Full Bathrooms: 1
  • Unit 3 Number of Bedrooms: 2
  • Unit 3 Rent: $3,050
Unit Type 1
  • Unit Type1 Approx SqFt: 1050

Property History for 119 Ford Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 119 Ford Street

Taxable ValueLand$328,003Additions$213,955Total$541,958
Tax Record2024$6,514 ($543 / month)
Home Facts
Total Finished SqFt1,057 SqFtAbove Grade Finished SqFt1,057 SqFtLot Size15,551 SqFtStyleMulti-Family Dwelling (2-4)Year Built1889Year Renovated1949CountySANTA CRUZAPN018-141-04

Schools near 119 Ford Street

This home is within Pajaro Valley Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Charter - 6 to 12
Rating
School
Distance
Radcliff Elementary School
PublicK to 5

Rolling Hills Middle School
Public6 to 8

Watsonville High School
Public9 to 12

Ceiba College Preparatory Academy
Charter6 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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119 Ford Street is a multi-family home for sale in Watsonville, CA 95076. This property was listed for sale on November 16, 2024 by Aldina Real Estate,Inc., it's currently listed at $1,565,000. It has been on the market for a total of 1 days and was last sold on March 1, 2024. This listing's school district is Pajaro Valley Unified School District. Nearby schools include Radcliff Elementary School, Rolling Hills Middle School and Watsonville High School. 119 Ford Street is a 0-bed, 0-bath, 2,623 sqft multi-family home built in 1889.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Aldina Real Estate,Inc., Santiago Renteria, DRE #01777299

Based on information from one of the following Multiple Listing Services: San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.