2458 Freedom Boulevard Unit A, Watsonville, California 95076, Watsonville, - bed, bath

home-pic
ACTIVE$1,850,000
2458 Freedom Boulevard Unit A, Watsonville, California 95076
5Beds
3Baths
5,564Sqft
38,725Lot
Year Built
1947
Close
-
List price
$1.85M
Original List price
$1.85M
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
ML81947234
Home ConditionFair
Features
View-

About this home

Here is your golden ticket into the world of real estate investment with this exceptional property! Why limit yourself to just one unit when you can have four? Picture the ease of renting out all four units, creating a substantial income stream, or keeping one for yourself. Wave goodbye to shouldering your mortgage solo and say hello to a relaxed lifestyle in a great location, all while enjoying the perks of passive income. Each unit is designed for modern comfort, featuring top-of-the-line stainless steel appliances. Large windows flood every room with natural light. Abundant storage space ensures a clutter-free existence for both you and your tenants, simplifying property management. This property is conveniently located just moments away from popular spots like Corralitos Brewing Co, Safeway, and tantalizing Mexican restaurants, making it an enticing prospect for attracting reliable tenants. This property offers convenience and value that you simply cannot afford to overlook.

Price History

Date
Event
Price
11/06/23
Listing
$1,850,000
Neighborhood Comparison

 SubjectAverage HomeNeighbourhood Ranking (81 Listings)
Beds53
95%
Baths32
63%
Square foot5,5641,634
99%
Lot Size38,72511,914
67%
Price$1.85M$894K
91%
Price per square foot$332$552
4%
Built year19479875988
17%
HOA
Days on market730161
99%
Condition Rating
Fair

The property, built in 1947, is 77 years old. While the description claims 'modern comfort' and 'top-of-the-line stainless steel appliances' in its 'four units,' the provided images are exclusively of the exterior of an old commercial building ('Johnnie's Super') and offer no visual evidence of any residential units, their interiors, or the claimed modern updates. Without interior images, it is impossible to assess the condition, style, and features of the kitchens and bathrooms, or other key interior components like flooring, light fixtures, and systems. Given the property's age and the complete lack of visual verification for the claimed renovations, a 'Fair' score is assigned. This indicates that while the property might be functional, its overall condition and the extent of any modern updates cannot be confirmed, and it likely shows signs of age, requiring minor updates or repairs. The significant discrepancy between the description and the provided images is a major concern for a professional assessment.
Pros & Cons

Pros

Multi-Unit Investment Opportunity: The property features four distinct units, offering significant potential for rental income and portfolio diversification.
Strong Income Generation Potential: Explicitly designed to create a substantial income stream and passive revenue, ideal for investors.
Prime Location & Tenant Appeal: Strategically located near popular local amenities like breweries, grocery stores, and restaurants, enhancing tenant attraction and retention.
Modernized Unit Interiors: Each unit boasts modern comforts, including top-of-the-line stainless steel appliances, ample natural light, and generous storage.
Flexible Owner-Occupancy Option: Provides the unique benefit for an owner to reside in one unit while generating income from the others.

Cons

Critical Property Type Discrepancy: Listed as a 'Single Family Residence' despite being described as a four-unit property, which could lead to financing, zoning, or legal complications.
Extended Market Time: The property has been active on the market since November 2023, potentially indicating overpricing or other underlying challenges.
Age of Building & Potential Capital Expenditures: Built in 1947, the property's age may necessitate future capital expenditures for major systems (e.g., roof, plumbing, electrical) not explicitly mentioned as updated.

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