$4,300,000

344 Pennsylvania Drive, Watsonville CA, 95076

Price per sqft$710.98

Built in1965

Property size6,048 sqft

Property typeCommercial

Listed by Jo Ellen Smith CA DRE# 01341240 with Bailey Properties 831-247-9600

Overview

Active

Listed Jun 19, 2026

Updated 7 days ago

An exceptional 8-unit investment opportunity in Watsonville. This is a 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 2024, 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.

Additional information

MLS^® ID: ML82051650

Interior Features

Bathrooms: 0
Cooling: Yes
Heating: Yes
Basement: No

Exterior Features

Lot Size: 0.3 Acres

Other Property Details

Taxes: $26,000
Tax Frequency: Annually
Maintenance Expense: $400

Also listed on MLSLISTINGS

Listed by Jo Ellen Smith CA DRE# 01341240 with Bailey Properties 831-247-9600

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 9/30/2026. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

Data last updated on 9/30/2026 at 7:46 AM UTC Last Checked: 7:46 AM UTC