Fourplex with Commercial Unit and ADU Potential - A Prime Investment Opportunity!This versatile fourplex offers a unique blend of residential and commercial income potential, making it an excellent addition to any investment portfolio. The property features a commercial unit fronting Main Street for maximum visibility, a single-family residence with two bedrooms and one bathroom ideal for owner-occupancy or rental income, and two duplex units, each offering one-bedroom and one-bathroom layouts that provide stable residential rental income. Current rental arrangements are all month-to-month, except Unit 608(A) is secured with an annual HUD lease, ensuring consistent returns.With pro-forma gross annual rents projected at approximately $76,800, this property highlights significant income potential. It boasts separate gas and electrical meters for efficient utility management, along with two water meters and two sewer accounts for streamlined billing. A detached garage at the rear of the property offers added storage or rental opportunities if converted, while the expansive lot, measuring approximately 9,720 square feet, presents the potential to add two accessory dwelling units (ADUs) to further enhance rrevenue.Located in a prime area near the Santa Paula Airport, popular restaurants, and providing easy access to the 126 Freeway, this property is ideally positioned for both tenants and owners. * * * Bonus Opportunity! The seller is offering two additional properties as part of a bundle sale: (228 S. 4th St, Santa Paula), and (220 S. Palm Ave, Santa Paula).Don't miss this rare chance to acquire three income-generating properties as a package deal. Invest in Santa Paula's thriving rental market today! Whether you're looking to live in one unit and rent the others or simply expand your portfolio, this fourplex represents an exceptional investment opportunity.
Exceptional Fourplex with ADU Potential - Prime Investment Opportunity!This income-generating fourplex presents a rare chance for both seasoned and first-time investors to expand their portfolio. Featuring two duplexes, the property includes:Two 1-bedroom, 1-bath units and two studio units. Units 228(1/2) and 230(1/2): Situated above four one-car garages, adding tenant convenience and potential additional rrevenue.Pro-Forma Annual Gross Rents projected at $76,800, highlighting room for growth based on current rents from two of the four units.Key Features: Individual electrical and gas meters for each tenant simplifies management and billing. Potentially add two Accessory Dwelling Units (ADUs), significantly increasing rental income. Month-to-Month Leases offer flexibility for future rental adjustments to maximize returns.Strong Cash Flow: This property is designed to generate reliable income with upside potential.Prime Location:Conveniently located near the Santa Paula Airport, local restaurants, and with easy access to the 126 Freeway, this property offers a sought-after location for tenants while ensuring long-term rental demand.Bonus Opportunity:The seller is offering two additional income-producing properties as part of a bundle sale: (608 E Main St, Santa Paula) and (220 S Palm Ave, Santa Paula). This is a unique opportunity to acquire three income-generating properties as a package deal, further diversifying your investment portfolio.Don't miss your chance to invest in Santa Paula's thriving rental market.
Prime Triplex Investment Opportunity in Santa Paula!Discover the potential of this three-unit townhouse-style triplex located at 220 South Palm Avenue, in Santa Paula. Each spacious unit features two bedrooms, 1.5 baths, and a two-story layout, offering both functionality and comfort for tenants.This property is an investor's dream, with an opportunity to increase rents by up to 8.8%, the pro-forma annual gross rents are projected at approximately $83,700. Each unit is equipped with separate electrical and gas meters, while the property shares one water meter and sewer bill, optimizing operational efficiency. Additionally, a coin-operated laundry room adds convenience and extra income potential.Current rental arrangements are all month-to-month, except for one unit (224), which is secured under a HUD annual contractt, ensuring stability in your investment.Conveniently located near Santa Paula Airport, restaurants, and with easy access to the 126 Freeway, this property offers a prime location for tenants and owners alike. Whether you're looking to maximize rental income or live in one unit while renting out the other two, this triplex provides endless possibilities.Bonus Opportunity! The seller is offering two additional properties as part of a bundle sale: (608 E. Main Street, Santa Paula), and (224 S. 4th Street, Santa Paula). Don't miss this rare chance to acquire three income-generating properties as a package deal.Invest in Santa Paula's thriving rental market today!
Great investment opportunity to own two units. Live in one and rent the other to help offset the monthly investment. Front unit consist of 3 bedrooms and 1 bathroom. Property offers a 2 car garage. Back unit has 2 bedrooms and 1 bathroom.
Charming 7-unit Victorian property offers a unique investment opportunity. Six of the units offer a comfortable living/bedroom area, kitchenette, and bathroom. One of the units, located upstairs, is a studio with a room/kitchenette and bathroom. Six of the units are located within the main house, while one unit is above the detached garage, providing added privacy. A separate laundry room is conveniently located next to the garage. Two car detached garage and a great sized yard. The property's main entrance has a stunning staircase and amazing woodwork. Several units offer multiple points of access for added flexibility. The main house includes three units on the second floor and three on the first floor, making it ideal for a variety of living arrangements.
336 Steckel Dr offers an excellent cash flowing 4plex investment opportunity featuring (4) spacious 3BD/1.5BA townhouse-style units totaling 4,698 SF (per assessor) on a 12,632 SF lot. Current monthly rents of $11,190 allow for 11.9 GRM and 5.2% CAP rate. Each 2-story unit measures 1,173 SF and includes a single-car garage, private patio and laundry hookups. Additional 6 uncovered off street parking spaces ensure tenant parking even if an astute investor converts existing garages into one or more ADUs. Unit #4 has recently undergone significant updates that include new windows, flooring, kitchen/bath appliances, baseboards, fresh paint, and copper plumbing throughout. Section 1 wood repair recently completed and parking lot received a fresh coat of asphalt and newly striped parking stalls. Located less than 1 mile from major retail centers, Glen City Elementary School, and Teague Park, 336 Steckel Dr benefits from a highly desirable location with easy access to essential amenities that helps ensuring long-term tenant satisfaction and consistent rental demand.
An amazing Investment Opportunity awaits. Presenting this unique 5-unit property situated in a thriving neighborhood with easy access to essential amenities, cultural attractions, and public transportation. With 5 units, this property promises not just one, but FIVE streams of potential income. The property has four 1+1 units in the front and one permitted detached 2+1 ADU in the back. The ADU has been newly renovated with new windows, new kitchen cabinets, granite counter tops, new flooring, paint, bathroom vanity, custom tiled shower and lighting. There are plenty of parking spaces at the back along with a newly renovated laundry room with new floors, paint, two new washers and two new dryers.The demand for quality multi-family properties is high right now and this property has sustained demand with a high rental occupancy rate. So, whether you are a seasoned investor or exploring multi-unit properties for the first time, this is an opportunity too good to pass up.
Unique opportunity and an excellent chance to invest in the gorgeous community of Santa Paula! This residential duplex is set on a 14,810-sq ft lot (per assessor's records) with Commercial General zoning (per city records), offering lots of potential - live in one home and rent other! Two separate houses on one lot each have a private front yard. The first unit has 2 bedrooms and 1 bath, and the second unit has 2 bedrooms and 1 bath. The property is 1,160 sq ft total (per assessor's records) and close to Ventura County's incredible beaches. Santa Paula is set between the charming coastal city of Santa Barbara to the north and the bustling metropolitan area of Los Angeles to the south.
The median home value in Santa Paula, CA is $700,000. This is lower than the county median home value of $745,500. The national median home value is $338,100. The average price of homes sold in Santa Paula, CA is $700,000. Approximately 49.95% of Santa Paula homes are owned, compared to 44.65% rented, while 5.4% are vacant. Santa Paula real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Santa Paula real estate agent to arrange a tour today!
Santa Paula, California has a population of 30,741. Santa Paula is more family-centric than the surrounding county with 34.12% of the households containing married families with children. The county average for households married with children is 33.07%.
The median household income in Santa Paula, California is $67,697. The median household income for the surrounding county is $94,150 compared to the national median of $69,021. The median age of people living in Santa Paula is 33.7 years.
The average high temperature in July is 77.4 degrees, with an average low temperature in January of 42.9 degrees. The average rainfall is approximately 16.1 inches per year, with 0 inches of snow per year.