240 E Lake Ave, WATSONVILLE, CA – $500,000

  • $500k Price
  • 2,046 Sqft
  • .19 Acres
  • $500k Price
  • 2,046 Sqft
  • .19 Acres

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240 E Lake Ave

Opportunity Knocks! Great upside potential! Building consists of 7 private offices, 2 bathrooms, kitchen/break-room & 2 reception areas. Great for office or Medical professionals. Possibility/ability to convert into a Single Family, or Multiple unit property! Potential income could generate $70,000-$75,000 +- a year. City of Watsonville Planning Department says that "Property can be converted from commercial to residential. Residential development projects are permitted in CN zone subject to an approved Special Use permit by the Planning Commission. Determination for residential density in the CN zone will be given based on the nearest residential zone. In this case It happens to be HIGH density Zone (RM-3). Staff will support a project that confirms to the City Municipal Code." Few multi residential properties for sale, & we have a shortage of avail rentals in Watsonville. This could be great income producing property. Upside to this property is HUGE! Add Value.

Essential Information

  • MLS® #ML81738263
  • Price$500,000
  • Square Footage2,046
  • Square FootageAssessor
  • Acres0.19
  • Year Built1962
  • TypeCommon Interest
  • Sub-TypeCommercial Property
  • StatusActive

Community Information

  • Address240 E Lake Ave
  • AreaWatsonville
  • CountySanta Cruz
  • StateCA
  • Zip Code95076


  • UtilitiesPublic Utilities
  • Parking Spaces9
  • GaragesNo Garage


  • HeatingCentral Forced Air - Gas
  • CoolingCentral Air Conditioning
  • # of Stories1


  • RoofComposition Roof
  • FoundationConcrete Perimeter

Additional Information

  • ZoningCN

Listing Details

  • AgentRaeid Farhat
  • OfficeRaeid Farhat Real Estate
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Price Change History for 240 E Lake Ave, WATSONVILLE, CA (MLS® #ML81738263)

Date Details Price Change
Price Reduced $500,000 $19,000 (3.66%)
Price Reduced (from $525,000) $519,000 $6,000 (1.14%)

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