About 344 Pennsylvania Drive
An exceptional 8-unit investment opportunity in Watsonville. This is a well-maintained property features seven spacious 2-bedroom, 1-bath units and one 3-bedroom, 2-bath unit, offering strong tenant appeal and a proven rental history. Completely renovated in 2024, this property was rebuilt from the studs out with extensive upgrades including new drywall, plumbing, electrical systems, new roofs, modern kitchens with gas cook tops, quartz counter tops, and new cabinetry. Beautifully updated bathrooms with tub and over head shower. Bedrooms are ample sized with large closet area. Built -in storage cabinets in hallway. Luxury plank flooring (LPF) throughout all units. Ground floors have individuals private back yards of various sizes. Upper units have balconies. Conveniently located distance to Target, Home Depot, shopping, dining, and everyday amenities. The property also benefits from an elementary school right on the corner and easy access to downtown Watsonville and HWY 17 For investors seeking a turnkey asset with significant capital improvements already completed, this is a rare opportunity to acquire a fully renovated, income-producing property in a highly desirable location. All units are at current market rates with all utilities paid by tenants.
Features of 344 Pennsylvania Drive
| MLS® # | ML82051650 |
|---|---|
| Price | $4,300,000 |
| Bathrooms | 0.00 |
| Acres | 0.30 |
| Year Built | 1965 |
| Type | Commercial Sale |
| Status | Active |
Community Information
| Address | 344 Pennsylvania Drive |
|---|---|
| Area | 699 - Not Defined |
| City | Watsonville |
| County | Santa Cruz |
| Zip Code | 95076 |
Amenities
| Parking Spaces | 11 |
|---|---|
| Is Waterfront | No |
| Has Pool | No |
Interior
| Heating | Wall Furnace |
|---|---|
| Cooling | None |
| Has Basement | No |
| Fireplace | No |
Exterior
| Roof | Composition |
|---|
School Information
| District | Other |
|---|---|
| Elementary | Other |
| Middle | Other |
| High | Other |
Additional Information
| Date Listed | June 19th, 2026 |
|---|---|
| Days on Market | 86 |
| Zoning | RM3 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Agent | Jo Ellen Smith |
|---|---|
| Office | Bailey Properties |