The vacant lot at 203 Brennan provides a tremendous opportunity to build (2) 3-bedroom ADUs. All units have been recently renovated and leased at market rates. Contact listing agent for marketing package. Since the onset of the COVID-19 Pandemic, Santa Cruz County has been injected with mass migration from the Silicon Valleys remote workforce. In turn, countywide rents have skyrocketed 18.4%. As renters keep getting priced out of more expensive sub-markets in and around the City of Santa Cruz, demand continues pushing south to more affordable areas like Watsonville. This rental demand surge has pushed vacancy rates to 0.5%. Just one from Downtown Watsonvilles Main Street, and alongside the proposed Santa Cruz Rail/Rail Trail corridor, this property is poised to capture every bit of the markets forecasted appreciation.
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