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Executive Summary

Welcome to Pennsylvania Drive, where modern living meets convenience in the heart of Watsonville. This fully remodeled apartment complex boasts 8 one-bedroom apartments and 2 two-bedroom apartments.
The exterior and interior of this complex have undergone a complete renovation, ensuring contemporary aesthetic and comfortable living spaces. Each unit features an open layout, new luxury vinyl flooring, and fresh paint, creating a bright and inviting atmosphere. Tenants benefit from the convenience of laundry facilities onsite and covered parking, providing ample space for vehicles.
Experience the best of Watsonville living at Pennsylvania Drive, where convenience, comfort, and modern amenities come together seamlessly. Don't miss your opportunity to call this vibrant community home!

Financial Summary (Actual - 2025) Click Here to Access

Annual (CAD) Annual Per SF (CAD)
Gross Rental Income $99,999 $9.99
Other Income - -
Vacancy Loss - -
Effective Gross Income $99,999 $9.99
Taxes - -
Operating Expenses - -
Total Expenses $99,999 $9.99
Net Operating Income $99,999 $9.99

Financial Summary (Actual - 2025) Click Here to Access

Gross Rental Income (CAD)
Annual $99,999
Annual Per SF $9.99
Other Income (CAD)
Annual -
Annual Per SF -
Vacancy Loss (CAD)
Annual -
Annual Per SF -
Effective Gross Income (CAD)
Annual $99,999
Annual Per SF $9.99
Taxes (CAD)
Annual -
Annual Per SF -
Operating Expenses (CAD)
Annual -
Annual Per SF -
Total Expenses (CAD)
Annual $99,999
Annual Per SF $9.99
Net Operating Income (CAD)
Annual $99,999
Annual Per SF $9.99

Property Facts

Price $4,022,797 CAD
Price Per Unit $402,280 CAD
Sale Type Investment
Cap Rate 5.40%
Gross Rent Multiplier 9.88
No. Units 10
Property Type Multifamily
Property Subtype
Apartment
  • Multifamily Dormitory
Apartment Style Low-Rise
Building Class C
Lot Size 0.38 AC
Building Size 7,130 SF
No. Stories 2
Year Built 1978
Parking Ratio 1.82/1,000 SF
Zoning Residential

Amenities

Unit Amenities

  • Air Conditioning
  • Kitchen
  • Refrigerator
  • Oven
  • Range
  • Tub/Shower
  • Freezer
  • Vinyl Flooring

Site Amenities

  • 24 Hour Access
  • Laundry Facilities
  • Smoke Free
  • Storage Space

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
1+1 8 $3,087 CAD -
2+1 2 $4,132 CAD -
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100

Property Taxes

Property Taxes

Parcel Number
016-172-38-000
Land Assessment
$2,295,040 CAD
Improvements Assessment
$1,112,747 CAD
Total Assessment
$3,407,786 CAD
  • Listing ID: 40432131

  • Date on Market: 2026-05-06

  • Last Updated:

  • Address: 290 Pennsylvania Dr, Watsonville, CA 95076

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