30 Miles Lane, Watsonville, California 95076, Watsonville, - bed, bath
ACTIVE$1,099,000
30 Miles Lane, Watsonville, California 95076
0Bed
0Bath
1,260Sqft
3,790Lot
Year Built
1953
Close
-
List price
$1.1M
Original List price
$1.1M
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
ML81999928
Home ConditionPoor
Features
View-
About this home
Excellent opportunity to invest in this Duplex. Single Level one bedrooms, one bathroom in each unit, on a nice lot each unit has its own garage and front and back yards.
Price History
Date
Event
Price
03/27/25
Listing
$1,099,000
Neighborhood Comparison
| Subject | Average Home | Neighbourhood Ranking (3 Listings) | |
|---|---|---|---|
| Beds | 0 | 0 | |
| Baths | 0 | 0 | |
| Square foot | 1,260 | 1,597 | 25% |
| Lot Size | 3,790 | 7,057 | 25% |
| Price | $1.1M | $1.1M | 50% |
| Price per square foot | $872 | $550 | 75% |
| Built year | 1953 | 9815993 | 25% |
| HOA | |||
| Days on market | 224 | 196 | 75% |
Condition Rating
Poor
Built in 1953, this property is 71 years old. The exterior images reveal significant deferred maintenance, including peeling paint, worn surfaces, and a general state of disrepair, indicating a lack of recent upkeep or renovation. While no interior images are provided, the age and visible exterior condition strongly suggest that the kitchen, bathrooms, and major systems are original or severely outdated, requiring substantial repairs and rehabilitation to meet current standards. This property is an investment opportunity primarily for its land and potential for extensive renovation.
Pros & Cons
Pros
Income Property: This property is an excellent investment opportunity as a duplex, providing two distinct rental units for immediate income generation.
Tenant Appeal & Privacy: Each unit benefits from its own private garage and dedicated front and back yards, significantly enhancing tenant appeal and privacy.
Single-Level Design: The single-level layout of each unit broadens the potential tenant pool, appealing to a wider demographic including seniors or those seeking easier accessibility.
Independent Utilities/Spaces: The provision of separate garages and yards for each unit simplifies management and offers clear delineation of tenant responsibilities and spaces.
Investment Focus: Explicitly marketed as an 'Excellent opportunity to invest', highlighting its primary value proposition as a cash-flowing asset.
Cons
Property Age: Built in 1953, the property is over 70 years old, suggesting potential for outdated systems (plumbing, electrical) and a likelihood of requiring significant capital expenditures for modernization or deferred maintenance.
Small Unit Configuration: Each unit is configured as a 1 bedroom, 1 bathroom, which is a smaller layout that may limit the target tenant demographic and potentially restrict rental income compared to properties with larger unit types.
Limited Overall Square Footage: With a total of 1260 sqft for two units, each unit is relatively compact (approximately 630 sqft), which could impact tenant desirability and the achievable rental rates in the market.