NOT LISTED FOR SALE

233 Elm St Watsonville, CA 95076

7 Beds
5 Baths
2,150 Sq Ft
6,795 Sq Ft Lot

Last Sold February 16, 2022

Last sale price $1,200,000 $558 Per Sq Ft

10 Days on Market

Highlights

  • Craftsman Architecture
  • Double Pane Windows
  • Back Yard
  • 4 Car Detached Garage
  • Vinyl Flooring
  • 1-Story Property

About This Home

As of February 2022

Fourplex for the price of a Duplex! 4 separate buildings and 2 garages. Main house has a basement with 6' ceiling (not included in sqft) and a 2-car garage (but with a 1-car garage door, also not included in sqft), units A and B each have a 1 car garage. Roof work was done on units A, B and C in 2017. Bathroom in unit B was freshened up in summer 2021. Rents are below market. Please write offer based on financials, subject to inspection.

Last Agent to Sell the Property

Peter Tiemann

Morgan Real Estate License #01894602 Listed on: 12/19/2021

Last Buyer's Agent

Peter Tiemann

Morgan Real Estate License #01894602 Listed on: 12/19/2021

Property Details

Home Type

  • Multi-Family

Year Built

  • 1929

Lot Details

  • 6,795 Sq Ft Lot
  • Back Yard

Parking

  • 4 Car Detached Garage

Home Design

  • Quadruplex
  • Craftsman Architecture
  • Wood Frame Construction
  • Rolled or Hot Mop Roof
  • Tar and Gravel Roof
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,150 Sq Ft Home
  • 1-Story Property
  • Double Pane Windows

Kitchen

  • Gas Oven
  • Gas Cooktop

Flooring

  • Laminate
  • Vinyl

Utilities

  • Wall Furnace
  • Separate Meters
  • Individual Gas Meter

Listing and Financial Details

  • Total Actual Rent $63,000

Community Details

Overview

  • 2,150 Sq Ft Building

Building Details

  • 4 Leased Units
  • Insurance Expense $3,200
  • Maintenance Expense $2,000
  • Utility Expense $6,600
  • Operating Expense $25,800
  • Gross Income $62,370

Property Details

Home Type

Multi-Family

Year Built

1929

Lot Details

0

Parking

4

Listing Details

  • Zoning: Residential
  • Subclass: Fourplex
  • Style: Craftsman
  • Age: 92
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 2150
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1929

Interior Features

  • Kitchen: Cooktop - Gas, Oven Range - Gas, Refrigerator
  • Living Sq Ft: 2150
  • Stories: 1
  • Flooring: Laminate, Vinyl / Linoleum

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Composition, Rolled Composition, Tar And Gravel
  • Yard/Grounds: Back Yard
  • Construction Type: Wood Frame

Garage/Parking

  • Garage Spaces: 4
  • Parking Spaces: 8
  • Garage Parking Features: Detached Garage

Utilities

  • Heating System: Wall Furnace
  • Sewer/Septic System: Sewer - Public

Schools

  • School District: Pajaro Valley Unified

Lot Info

  • Lot Description: Regular
  • Lot Acres: 0.1560
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 6795.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 6795.00

Green Features

  • Energy Features: Double Pane Windows

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 20.24
  • Number Of Leased: 4

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters, Natural Gas, Public Utilities
  • Expense Insurance: 3200
  • Expense Maintenance: 2000
  • Expenses Total: 25800
  • Expenses Utility: 6600
  • Income Annual Gross: 62370.00
  • Income Annual Rental: 63000
  • Income Gross Scheduled: 63000
  • Income Includes: Rents
  • Meters: Master Water, Separate Electric, Separate Gas
  • Number Of Buildings: 4
  • Operating Expenses Include: Services - Sewer, Services - Trash Removal, Utilities - Water
  • Tenant Expenses: Utilities - Electric, Utilities - Gas, Utilities - Heating, Utilities - Hot Water
  • Vacancy Factor: 1

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/16/2022 02/16/22 Sold $1,200,000 -5.9% $558 / Sq Ft
12/30/2021 12/30/21 Pending -- -- --
12/19/2021 12/19/21 For Sale $1,275,000 -- $593 / Sq Ft
Source: MLSListings

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81872815

MLSListings

APN: 017-201-15-000