Watsonville Apartment Complex Listed For $15M

WATSONVILLE, CA — The Garden Hill Apartment Complex on Lassen Way is now on the market. At $15 million it's the most expensive developed property listed in Watsonville.

The 80-unit complex has a zero-vacancy rate and rent increases are underway, according to a Realtor.com listing. Built in 1987, the complex sits on a 3.4-acre lot and features a laundry room with 10 washing machines and 10 dryers. All units have garages and a balcony or patio.

The second-priciest developed property in Watsonville is a $5 million 21-acre property with a home, according to Realtor.com.

• Address: Lassen Way, Watsonville, California
• Price: $15,000,000
• Square Feet: 60410
• Bedrooms:
• Bathrooms: 0 Baths
• Built: 1987
• Features from Realtor.com: This very well maintained apartment complex is conveniently located within the heart of the Watsonville Multi Residential district, and convenient to schools, shopping, public transportation, all City services, and Highway One. Watsonville and the Pajaro Valley are located within one of the most important fruit and vegetable regions of the United States, as such, most tenants have employment almost the entire year. All 80 apartment units have private enclosed garages plus assigned outside second parking spaces. (3 One Bedroom One Bath; 56 Two Bedroom One Bath; 21 Three Bedrooms One Bath) This Garden Hill Apartment Complex enjoys a zero vacancy rate, and current rent rates are being increased. Each apartment unit has a private balcony or patio, and the on site coin operated laundry offers 10 wash machines and 10 dryers. Exterior paint and all roofs were re-done 2010 Don't miss this special investment opportunity, that is performing very well during current economic conditions.

This listing originally appeared on realtor.com. For more information and photos, click here.