344 Pennsylvania Drive Watsonville, CA $ 4,300,000
344 Pennsylvania Drive
$ 4,300,000
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344 Pennsylvania Drive

Watsonville, CA, 95076
$ 4,300,000
Bedrooms-- Baths-- Sq 6,048

Monthly Estimate*

$ 26,476

Listed by Bailey Properties
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Commercial Property for sale in Watsonville, CA

for $4,300,000. This 6,048 square foot building was built in 1965 on a lot size of 0.301.

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.

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Commercial Active

Price

$ 4,300,000

Property Type

Commercial

Taxes

$ 26,000

Style

Lot Size

0.301

Year Built

1965

Town/City

Watsonville

County/Region

Santa Cruz

MLS | Web ID

ML82051650

Days on Market

5

Features
General
Heating Wall Furnace
Cooling None
Roof Composition
Zoning RM3
HOA Fee 0
Year Built 1965
County Santa Cruz
Insurance Expense 7600
Property Type Commercial Sale
MaintenanceExpense 400
Special Listing Conditions Standard
Status Active
Directions Cross Street: Main
High School Other
City Watsonville
High School District Other
MLS Area 699 - Not Defined
Lot Size Units Square Feet
Lot Size Square Feet 13112
Carport Spaces 0
Elementary School Other
Tax Annual Amount 26000
Middle/Junior High School Other
Trash Expense 0
Virtual Tour https://tour.rhbphotographer.com/344--348-pennsylvania-7ttc?b=0 https://tour.rhbphotographer.com/344--348-pennsylvania-7ttc
Standard Status Active
Occupancy Type Tenant
Year Built Source Assessor
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Interior
Air Conditioning Y/N true
Heating Y/N true
Laundry Features None
Total Baths 0
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Exterior
Water Source Public
Total Parking 11
Lot Size Area 13112
Number of Buildings 2
Building Area Total 6048
Lot Size Acres 0.301
Lot Size Source Other
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* Excluded Features
List By
Bailey Properties

Broker

forjoellensmith@gmail.com

Email

Affordability Calculator

$28,643
Per Month
92%
8%
0%
Monthly Principal & Interest
$26,476
Monthly Property Taxes
$2,167
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4826967 Elementary School
4826966 Middle School
Other High School High School
Pricing History
DatePricePrice ChangeDescription
6/19/2026$4,300,000 Listed Price

Map


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344 Pennsylvania Drive, Watsonville, CA, 95076 is a Commercial Property for sale at $4,300,000 with 6,048 sqft and a lot size of 0.301. 344 Pennsylvania Drive was built in 1965. The property's zip code is 95076 which is in Watsonville, CA