Gonda Street Apartments 113-119 Gonda St 16 Unit Apartment Building $8,973,055 CAD ($560,816 CAD/Unit) 6.46% Cap Rate Watsonville, CA 95076

113 Gonda Street presents a rare opportunity to acquire a 16-unit multifamily investment property located in unincorporated Monterey County near the Watsonville city limits. The property features an attractive unit mix comprised entirely of spacious three-bedroom floorplans, including a combination of 3 Bed / 2 Bath and 3 Bed / 1.5 Bath units, catering to strong family-oriented and workforce housing demand throughout the Central Coast region.
The property offers onsite laundry, ample resident parking, functional layouts, and strong occupancy supported by limited housing supply and high rental demand. Large three-bedroom rental units remain limited throughout the surrounding market, positioning the property for continued demand and future rental growth.
Strategically located near Highway 1, the property provides convenient access to Watsonville, Santa Cruz County, Monterey Bay, Salinas, and major employment centers. The surrounding area benefits from a diverse economic base supported by agriculture, healthcare, education, hospitality, logistics, and service industries.
With desirable large-unit configurations, stable occupancy, and long-term appreciation potential in one of California’s most supply-constrained coastal housing markets, 113-119 Gonda Street represents an exceptional multifamily investment opportunity.